Fintel reports that on September 19, 2023, Goldman Sachs initiated coverage of Interactive Brokers Group Inc - (NASDAQ:IBKR) with a Neutral recommendation.
Analyst Price Forecast Suggests 22.11% Upside
As of August 31, 2023, the average one-year price target for Interactive Brokers Group Inc - is 110.67. The forecasts range from a low of 99.99 to a high of $131.25. The average price target represents an increase of 22.11% from its latest reported closing price of 90.63.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Interactive Brokers Group Inc - is 4,186MM, an increase of 7.20%. The projected annual non-GAAP EPS is 5.49.
What is the Fund Sentiment?
There are 766 funds or institutions reporting positions in Interactive Brokers Group Inc -. This is a decrease of 36 owner(s) or 4.49% in the last quarter. Average portfolio weight of all funds dedicated to IBKR is 0.37%, a decrease of 6.22%. Total shares owned by institutions decreased in the last three months by 0.55% to 98,066K shares. 
The put/call ratio of IBKR is 0.52, indicating a bullish outlook.
What are Other Shareholders Doing?
Orbis Allan Gray holds 8,148K shares representing 7.62% ownership of the company. In it's prior filing, the firm reported owning 7,164K shares, representing an increase of 12.07%. The firm increased its portfolio allocation in IBKR by 2.43% over the last quarter.
Kayne Anderson Rudnick Investment Management holds 7,569K shares representing 7.08% ownership of the company. In it's prior filing, the firm reported owning 7,501K shares, representing an increase of 0.90%. The firm decreased its portfolio allocation in IBKR by 3.33% over the last quarter.
Cantillon Capital Management holds 3,834K shares representing 3.58% ownership of the company. In it's prior filing, the firm reported owning 3,604K shares, representing an increase of 6.00%. The firm decreased its portfolio allocation in IBKR by 7.58% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 3,124K shares representing 2.92% ownership of the company. In it's prior filing, the firm reported owning 3,174K shares, representing a decrease of 1.58%. The firm decreased its portfolio allocation in IBKR by 5.12% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,044K shares representing 2.85% ownership of the company. In it's prior filing, the firm reported owning 3,027K shares, representing an increase of 0.55%. The firm decreased its portfolio allocation in IBKR by 6.65% over the last quarter.
Interactive Brokers Group Background Information
(This description is provided by the company.)
Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities and foreign exchange around the clock on over 135 markets in numerous countries and currencies, from a single IBKR Integrated Investment Account to clients worldwide. The company services individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Interactive Brokers Group's four decades of focus on technology and automation has enabled them to equip clients with a uniquely sophisticated platform to manage their investment portfolios. The company strives to provide clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments.
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This story originally appeared on Fintel.
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