Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,530 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,554 shares of the financial services provider’s stock after buying an additional 1,530 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Interactive Brokers Group were worth $1,621,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. CWM LLC boosted its position in shares of Interactive Brokers Group by 29.6% during the 3rd quarter. CWM LLC now owns 1,151 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 263 shares in the last quarter. AE Wealth Management LLC boosted its holdings in shares of Interactive Brokers Group by 3.7% in the 3rd quarter. AE Wealth Management LLC now owns 25,092 shares of the financial services provider’s stock valued at $2,172,000 after purchasing an additional 898 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Interactive Brokers Group by 1,672.9% in the 3rd quarter. IFP Advisors Inc now owns 851 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 803 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Interactive Brokers Group by 58.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 22,372 shares of the financial services provider’s stock worth $1,937,000 after buying an additional 8,281 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in shares of Interactive Brokers Group by 3.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 61,545 shares of the financial services provider’s stock worth $5,327,000 after buying an additional 2,104 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. UBS Group decreased their target price on Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating on the stock in a research report on Tuesday, January 9th. Piper Sandler raised their price target 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. Bank of America upped their price objective 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. The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and raised their target price for the company from $88.00 to $102.00 in a research report on Tuesday, January 9th. Finally, Jefferies Financial Group boosted their target price on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.

Insider Transactions at Interactive Brokers Group

In related news, insider Thomas Aj Frank sold 49,081 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $91.31, for a total value of $4,481,586.11. Following the completion of the sale, the insider now directly owns 256,684 shares in the company, valued at $23,437,816.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Vice Chairman Earl H. Nemser sold 5,000 shares of Interactive Brokers Group 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 transaction, the insider now directly 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 SEC, which is available through this hyperlink. Also, insider Thomas Aj Frank sold 49,081 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $91.31, for a total value of $4,481,586.11. Following the completion of the sale, the insider now owns 256,684 shares in the company, valued at $23,437,816.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 333,940 shares of company stock worth $31,751,285. Company insiders own 3.21% of the company’s stock.

Interactive Brokers Group Price Performance

NASDAQ:IBKR opened at $115.64 on Thursday. Interactive Brokers Group, Inc. has a one year low of $70.83 and a one year high of $116.92. The company has a market cap of $48.69 billion, a PE ratio of 19.77, a P/E/G ratio of 1.15 and a beta of 0.83. The firm’s 50 day simple moving average is $109.33 and its 200 day simple moving average is $93.30.

Interactive Brokers Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders 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 dividend yield of 0.86%. The ex-dividend date is Friday, May 31st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.10. Interactive Brokers Group’s payout ratio is 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.