M&T Bank Corp Sells 967 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

M&T Bank Corp decreased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,731 shares of the financial services provider’s stock after selling 967 shares during the quarter. M&T Bank Corp’s holdings in Interactive Brokers Group were worth $2,133,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Contravisory Investment Management Inc. purchased a new stake in Interactive Brokers Group during the 4th quarter valued at $25,000. Rakuten Securities Inc. purchased a new stake in shares of Interactive Brokers Group in the fourth quarter valued at $34,000. Headlands Technologies LLC bought a new stake in shares of Interactive Brokers Group in the 3rd quarter worth about $40,000. Asset Management One Co. Ltd. boosted its stake in shares of Interactive Brokers Group by 22.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 744 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 135 shares during the period. Finally, CVA Family Office LLC purchased a new stake in Interactive Brokers Group in the 4th quarter worth about $75,000. Institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

IBKR has been the topic of several research analyst reports. Jefferies Financial Group upped their price objective on Interactive Brokers Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Barclays raised their price target on Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. Bank of America increased their price objective on Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Citigroup upped their target price on Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Finally, Piper Sandler lifted their price objective on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $124.00.

Interactive Brokers Group Stock Down 0.7 %

Shares of NASDAQ IBKR opened at $119.72 on Thursday. Interactive Brokers Group, Inc. has a 52-week low of $72.60 and a 52-week high of $122.88. The company’s 50-day simple moving average is $112.13 and its 200-day simple moving average is $95.78. The firm has a market cap of $50.41 billion, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 1.22 and a beta of 0.81.

Interactive Brokers Group Increases Dividend

The company also recently announced 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. The ex-dividend date is Friday, May 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.84%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.10. Interactive Brokers Group’s dividend payout ratio is presently 17.09%.

Insider Activity

In other news, Vice Chairman Earl H. Nemser sold 5,000 shares of the company’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 owns 113,770 shares of the company’s stock, valued at $11,929,922.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Vice Chairman Earl H. Nemser sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total value of $524,300.00. Following the completion of the sale, the insider now directly owns 113,770 shares in the company, valued at $11,929,922.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Earl H. Nemser sold 10,000 shares of the company’s 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 completion of the sale, the insider now owns 123,770 shares of the company’s stock, valued at $12,813,908.10. The disclosure for this sale can be found here. Insiders have sold a total of 65,000 shares of company stock worth $6,613,100 over the last quarter. 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.