5 Best Bargain Stocks to Buy in August

In this article, we will be taking a look at the 5 best bargain stocks to buy in August. To read our detailed analysis of current market dynamics, you can go directly to see the 12 Best Bargain Stocks To Buy in August.

5. Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Number of Hedge Fund Holders: 44

Upside Potential as of August 1: 17.34%

Average Price Target: $105

Interactive Brokers Group, Inc. (NASDAQ:IBKR) is an investment banking and brokerage company. It is based in Greenwich, Connecticut.

Benjamin Budish at Barclays holds an Overweight rating and a $106 price target on Interactive Brokers Group, Inc. (NASDAQ:IBKR) shares as of July 13.

Interactive Brokers Group, Inc. (NASDAQ:IBKR) was seen in the portfolios of 44 hedge funds in the first quarter, with a total stake value of $2.2 billion.

Here’s what LVS Advisory said about Interactive Brokers Group, Inc. (NASDAQ:IBKR) in its second-quarter 2023 investor letter:

“We also modestly added to our position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the mid-$70s. We initiated our Interactive Brokers position last summer and published a write-up in September 2022. Interactive Brokers continues to trade at a discounted multiple as investors are skeptical that the company will continue to sustain the current level of net interest income beyond the near future. However, recent reports showing strength in the US economy and labor market suggest that interest rates won’t be cut in the near term. The company publishes monthly KPI metrics and investors appear to be ignoring recent strength in trading volume and margin loans. The current market environment of rising stock prices and elevated interest rates is a goldilocks environment for the company. With this last buy, we have now reached our limit of investing 10% of our portfolio at cost in the stock and can no longer increase the holding size.”