Fintel reports that on December 1, 2023, Redburn Atlantic initiated coverage of Interactive Brokers Group Inc - (NASDAQ:IBKR) with a Buy recommendation.
Analyst Price Forecast Suggests 39.88% Upside
As of November 27, 2023, the average one-year price target for Interactive Brokers Group Inc - is 108.88. The forecasts range from a low of 86.86 to a high of $134.40. The average price target represents an increase of 39.88% from its latest reported closing price of 77.84.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Interactive Brokers Group Inc - is 4,186MM, a decrease of 1.20%. The projected annual non-GAAP EPS is 5.49.
What is the Fund Sentiment?
There are 810 funds or institutions reporting positions in Interactive Brokers Group Inc -. This is an increase of 24 owner(s) or 3.05% in the last quarter. Average portfolio weight of all funds dedicated to IBKR is 0.37%, an increase of 1.59%. Total shares owned by institutions increased in the last three months by 1.71% to 100,620K shares. 
The put/call ratio of IBKR is 0.65, indicating a bullish outlook.
What are Other Shareholders Doing?
Orbis Allan Gray holds 8,149K shares representing 7.61% ownership of the company. In it's prior filing, the firm reported owning 8,148K shares, representing an increase of 0.02%. The firm decreased its portfolio allocation in IBKR by 25.42% over the last quarter.
Kayne Anderson Rudnick Investment Management holds 6,372K shares representing 5.95% ownership of the company. In it's prior filing, the firm reported owning 7,569K shares, representing a decrease of 18.80%. The firm decreased its portfolio allocation in IBKR by 38.32% over the last quarter.
Cantillon Capital Management holds 3,820K shares representing 3.57% ownership of the company. In it's prior filing, the firm reported owning 3,834K shares, representing a decrease of 0.39%. The firm decreased its portfolio allocation in IBKR by 26.36% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 3,343K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 3,124K shares, representing an increase of 6.55%. The firm increased its portfolio allocation in IBKR by 9.28% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,156K shares representing 2.95% ownership of the company. In it's prior filing, the firm reported owning 3,044K shares, representing an increase of 3.54%. The firm increased its portfolio allocation in IBKR by 12.13% 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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