94,589 Shares in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 94,589 shares of the financial services provider’s stock, valued at approximately $7,841,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC boosted its position in Interactive Brokers Group by 2.1% during the third quarter. Commonwealth Equity Services LLC now owns 6,381 shares of the financial services provider’s stock worth $552,000 after acquiring an additional 133 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Interactive Brokers Group during the 3rd quarter worth approximately $257,000. Xponance Inc. boosted its holdings in shares of Interactive Brokers Group by 2.8% during the 3rd quarter. Xponance Inc. now owns 12,778 shares of the financial services provider’s stock worth $1,106,000 after purchasing an additional 349 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Interactive Brokers Group by 6.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 70,458 shares of the financial services provider’s stock valued at $6,099,000 after purchasing an additional 3,986 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Interactive Brokers Group by 1.2% during the third quarter. Bank of New York Mellon Corp now owns 985,585 shares of the financial services provider’s stock worth $85,312,000 after buying an additional 11,333 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on IBKR. Jefferies Financial Group upped their target price on Interactive Brokers Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Piper Sandler raised their price objective on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Citigroup boosted their target price on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 11th. The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $88.00 to $102.00 in a report on Tuesday, January 9th. Finally, Bank of America lifted their price target on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average target price of $124.00.

Interactive Brokers Group Trading Up 1.6 %

Shares of IBKR opened at $122.01 on Tuesday. The firm has a market capitalization of $51.37 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 1.22 and a beta of 0.81. The firm’s fifty day simple moving average is $111.64 and its 200-day simple moving average is $95.33. Interactive Brokers Group, Inc. has a twelve month low of $72.60 and a twelve month high of $122.04.

Interactive Brokers Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.82%. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, May 31st. Interactive Brokers Group’s payout ratio is 6.84%.

Insider Transactions at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 10,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $103.53, for a total transaction of $1,035,300.00. Following the sale, the insider now owns 123,770 shares of the company’s stock, valued at approximately $12,813,908.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Vice Chairman Earl H. Nemser sold 10,000 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $103.53, for a total value of $1,035,300.00. Following the transaction, the insider now directly owns 123,770 shares of the company’s stock, valued at approximately $12,813,908.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total transaction of $524,300.00. Following the completion of the sale, the insider now directly owns 113,770 shares of the company’s stock, valued at $11,929,922.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,000 shares of company stock valued at $6,613,100. 3.21% of the stock is currently owned by corporate insiders.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.