Signaturefd LLC Decreases Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Signaturefd LLC cut its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 24.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 933 shares of the financial services provider’s stock after selling 304 shares during the period. Signaturefd LLC’s holdings in Interactive Brokers Group were worth $77,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Contravisory Investment Management Inc. acquired a new position in Interactive Brokers Group in the 4th quarter valued at about $25,000. Rakuten Securities Inc. acquired a new position in Interactive Brokers Group in the 4th quarter valued at about $34,000. Headlands Technologies LLC acquired a new position in Interactive Brokers Group in the 3rd quarter valued at about $40,000. Asset Management One Co. Ltd. raised its stake in Interactive Brokers Group by 22.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 744 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 135 shares during the last quarter. Finally, CVA Family Office LLC acquired a new position in Interactive Brokers Group in the 4th quarter valued at about $75,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IBKR has been the subject of several analyst reports. The Goldman Sachs Group raised shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and boosted their target price for the company from $88.00 to $102.00 in a research note on Tuesday, January 9th. Piper Sandler boosted their target price 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. Citigroup upped their price objective on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Bank of America upped their price objective on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Finally, Barclays upped their price objective on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $124.00.

Insider Buying and Selling

In related news, Vice Chairman Earl H. Nemser sold 5,000 shares of the stock in a transaction that occurred 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 approximately $11,929,922.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $103.53, for a total value of $1,035,300.00. Following the completion of the transaction, the insider now owns 123,770 shares in the company, valued at approximately $12,813,908.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the insider now owns 113,770 shares of the company’s stock, valued at approximately $11,929,922.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 201,267 shares of company stock valued at $19,695,722. 3.21% of the stock is currently owned by corporate insiders.

Interactive Brokers Group Stock Performance

IBKR opened at $116.90 on Thursday. The firm has a 50 day moving average price of $110.59 and a 200 day moving average price of $94.33. The company has a market cap of $49.22 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.19 and a beta of 0.83. Interactive Brokers Group, Inc. has a 1 year low of $70.83 and a 1 year high of $117.96.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Friday, May 31st. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10. Interactive Brokers Group’s dividend payout ratio is 6.84%.

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.