Interactive Brokers Group (IEX:IBKR) had its target price boosted by equities researchers at Wells Fargo & Co from $40.00 to $44.00 in a research report issued to clients and investors on Thursday, BenzingaRatingsTable reports. The brokerage presently has an “underweight” rating on the financial services provider’s stock. Wells Fargo & Co‘s price objective suggests a potential downside of 9.04% from the company’s previous close.
IBKR has been the topic of several other research reports. Compass Point raised Interactive Brokers Group from a “neutral” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded shares of Interactive Brokers Group from a “sell” rating to a “hold” rating and set a $56.00 target price on the stock in a research note on Tuesday, September 17th.
IBKR traded up $0.30 on Thursday, hitting $48.38. The company had a trading volume of 20,634 shares, compared to its average volume of 776,800. The company’s fifty day moving average price is $47.37 and its 200 day moving average price is $58.65. Interactive Brokers Group has a 1-year low of $47.13 and a 1-year high of $80.32.
Hedge funds have recently added to or reduced their stakes in the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in Interactive Brokers Group during the 2nd quarter worth $39,000. Squar Milner Financial Services LLC lifted its holdings in Interactive Brokers Group by 882.1% in the 3rd quarter. Squar Milner Financial Services LLC now owns 825 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 741 shares in the last quarter. Captrust Financial Advisors purchased a new position in Interactive Brokers Group in the 2nd quarter valued at about $49,000. Boston Partners purchased a new position in Interactive Brokers Group in the 3rd quarter valued at about $156,000. Finally, Holocene Advisors LP purchased a new position in shares of Interactive Brokers Group during the 2nd quarter worth about $203,000. Hedge funds and other institutional investors own 14.79% of the company’s stock.
Interactive Brokers Group Company Profile
Interactive Brokers Group, Inc operates as an automated electronic broker in approximately 120 electronic exchanges and market centers worldwide. It specializes in executing and clearing trades in securities, futures, foreign exchange instruments, bonds, and mutual funds. The company custodies and services accounts for hedge and mutual funds, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.
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