Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Acquired by Xponance Inc.

Xponance Inc. lifted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.7% during the fourth quarter, HoldingsChannel reports. The firm owned 13,125 shares of the financial services provider’s stock after purchasing an additional 347 shares during the quarter. Xponance Inc.’s holdings in Interactive Brokers Group were worth $1,088,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in IBKR. Commonwealth Equity Services LLC raised its holdings in Interactive Brokers Group by 2.1% in 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 in the last quarter. Toroso Investments LLC raised its holdings in Interactive Brokers Group by 1.1% in 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 in the last quarter. Asset Management One Co. Ltd. raised its holdings in Interactive Brokers Group by 22.2% in 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 in the last quarter. KB Financial Partners LLC raised its holdings in shares of Interactive Brokers Group by 0.9% during the third quarter. KB Financial Partners LLC now owns 20,404 shares of the financial services provider’s stock worth $1,766,000 after purchasing an additional 176 shares during the period. Finally, State of Michigan Retirement System grew its position in shares of Interactive Brokers Group by 0.8% during the third quarter. State of Michigan Retirement System now owns 25,579 shares of the financial services provider’s stock worth $2,214,000 after acquiring an additional 200 shares during the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Trading Up 0.8 %

Shares of NASDAQ IBKR opened at $115.64 on Thursday. Interactive Brokers Group, Inc. has a twelve month low of $70.83 and a twelve month high of $116.92. The company has a market capitalization of $48.69 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 1.15 and a beta of 0.83. The firm has a 50-day moving average of $109.33 and a two-hundred day moving average of $93.30.

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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.86%. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, May 31st. Interactive Brokers Group’s dividend payout ratio is presently 6.84%.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 74,218 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $96.29, for a total value of $7,146,451.22. Following the completion of the sale, the insider now directly owns 234,552 shares of the company’s stock, valued at approximately $22,585,012.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 25,782 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $95.71, for a total value of $2,467,595.22. Following the completion of the sale, the insider now directly owns 208,770 shares of the company’s stock, valued at approximately $19,981,376.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 74,218 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $96.29, for a total transaction of $7,146,451.22. Following the sale, the insider now directly owns 234,552 shares of the company’s stock, valued at $22,585,012.08. The disclosure for this sale can be found here. In the last three months, insiders sold 333,940 shares of company stock valued at $31,751,285. 3.21% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on IBKR. Barclays upped their price target on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. Bank of America upped their price target on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Piper Sandler upped their price target 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 upped their price target on shares of 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, Jefferies Financial Group increased their target price on shares of Interactive Brokers Group from $133.00 to $138.00 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 assigned a buy rating to the 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.

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.