B & T Capital Management DBA Alpha Capital Management decreased its position in Interactive Brokers Group, Inc. (IEX:IBKR) by 17.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 21,097 shares of the financial services provider’s stock after selling 4,361 shares during the period. B & T Capital Management DBA Alpha Capital Management’s holdings in Interactive Brokers Group were worth $984,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of IBKR. Invesco Ltd. grew its holdings in Interactive Brokers Group by 2,064.6% in the second quarter. Invesco Ltd. now owns 692,284 shares of the financial services provider’s stock valued at $37,521,000 after purchasing an additional 660,302 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Interactive Brokers Group during the second quarter valued at $15,232,000. Millennium Management LLC boosted its stake in shares of Interactive Brokers Group by 2,095.7% during the third quarter. Millennium Management LLC now owns 217,263 shares of the financial services provider’s stock valued at $11,684,000 after acquiring an additional 207,368 shares during the last quarter. TPG Group Holdings SBS Advisors Inc. boosted its stake in shares of Interactive Brokers Group by 16.2% during the third quarter. TPG Group Holdings SBS Advisors Inc. now owns 1,345,395 shares of the financial services provider’s stock valued at $72,355,000 after acquiring an additional 187,788 shares during the last quarter. Finally, Man Group plc acquired a new stake in shares of Interactive Brokers Group during the third quarter valued at $5,337,000. 14.79% of the stock is currently owned by institutional investors.
Shares of Interactive Brokers Group stock traded up $0.50 during trading hours on Friday, reaching $50.29. The stock had a trading volume of 227,927 shares, compared to its average volume of 776,800. The firm has a 50 day simple moving average of $47.47 and a two-hundred day simple moving average of $58.60. Interactive Brokers Group, Inc. has a 1 year low of $47.13 and a 1 year high of $80.32.
A number of analysts recently commented on the company. Compass Point raised Interactive Brokers Group from a “neutral” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Wednesday, October 2nd. Wells Fargo & Co increased their target price on Interactive Brokers Group from $40.00 to $44.00 and gave the stock an “underweight” rating in a research report on Thursday, January 9th.
About Interactive Brokers Group
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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