Nisa Investment Advisors LLC Lowers Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Nisa Investment Advisors LLC decreased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 23.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 952 shares of the financial services provider’s stock after selling 295 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Interactive Brokers Group were worth $79,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC boosted its position in Interactive Brokers Group by 3.8% during the third quarter. AQR Capital Management LLC now owns 3,495 shares of the financial services provider’s stock worth $303,000 after purchasing an additional 129 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of 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 valued at $552,000 after acquiring an additional 133 shares during the last quarter. Toroso Investments LLC raised its holdings in shares of Interactive Brokers Group by 1.1% during the third quarter. Toroso Investments LLC now owns 11,702 shares of the financial services provider’s stock valued at $1,013,000 after acquiring an additional 133 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Interactive Brokers Group by 22.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 744 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 135 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of Interactive Brokers Group by 4.1% during the third quarter. Captrust Financial Advisors now owns 3,449 shares of the financial services provider’s stock valued at $220,000 after acquiring an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Piper Sandler increased their target price on Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Jefferies Financial Group increased 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. UBS Group cut their price target on Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a report on Tuesday, January 9th. Citigroup lifted their price objective on Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, The Goldman Sachs Group upgraded Interactive Brokers Group from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $88.00 to $102.00 in a research report on Tuesday, January 9th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $124.00.

Insider Activity

In other news, Vice Chairman Earl H. Nemser sold 5,000 shares of Interactive Brokers Group stock in a transaction 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 of the company’s stock, valued at $11,929,922.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Vice Chairman Earl H. Nemser sold 74,218 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $96.29, for a total transaction of $7,146,451.22. Following the completion of the transaction, the insider now directly owns 234,552 shares of the company’s stock, valued at approximately $22,585,012.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total value of $524,300.00. Following the transaction, 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. Over the last ninety days, insiders sold 428,883 shares of company stock valued at $40,395,135. 3.21% of the stock is currently owned by corporate insiders.

Interactive Brokers Group Trading Up 0.9 %

Shares of NASDAQ IBKR opened at $111.55 on Friday. Interactive Brokers Group, Inc. has a twelve month low of $70.83 and a twelve month high of $116.92. The stock has a fifty day simple moving average of $108.76 and a 200-day simple moving average of $92.90. The stock has a market capitalization of $46.97 billion, a PE ratio of 19.07, a PEG ratio of 1.12 and a beta of 0.83.

Interactive Brokers Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, May 31st. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.10. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.90%. Interactive Brokers Group’s payout ratio is presently 6.84%.

About Interactive Brokers Group

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.