Van ECK Associates Corp Grows Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Van ECK Associates Corp grew its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 149.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 34,629 shares of the financial services provider’s stock after acquiring an additional 20,719 shares during the quarter. Van ECK Associates Corp’s holdings in Interactive Brokers Group were worth $2,871,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Commonwealth Equity Services LLC increased its holdings in shares of Interactive Brokers Group by 2.1% in the 3rd 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 increased its holdings in shares of Interactive Brokers Group by 1.1% in the 3rd 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. increased its holdings in shares of 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 acquiring an additional 135 shares during the last quarter. Yousif Capital Management LLC increased its holdings in shares of Interactive Brokers Group by 0.3% in the 4th quarter. Yousif Capital Management LLC now owns 49,785 shares of the financial services provider’s stock valued at $4,127,000 after acquiring an additional 152 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT increased its holdings in shares of Interactive Brokers Group by 2.7% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 5,763 shares of the financial services provider’s stock valued at $478,000 after acquiring an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Up 1.6 %

Interactive Brokers Group stock opened at $122.01 on Tuesday. Interactive Brokers Group, Inc. has a twelve month low of $72.60 and a twelve month high of $122.04. The stock has a 50 day moving average of $111.64 and a two-hundred day moving average of $95.33. The stock has a market capitalization of $51.37 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 1.22 and a beta of 0.81.

Interactive Brokers Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders 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 0.82%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, May 31st. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 6.84%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IBKR. The Goldman Sachs Group raised Interactive Brokers Group from a “neutral” rating to a “buy” rating and upped their target price for the company from $88.00 to $102.00 in a research report on Tuesday, January 9th. Jefferies Financial Group upped their target price 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. Bank of America upped their target price on Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Barclays upped their target price on Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. Finally, 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. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $124.00.

Insider Activity

In other news, Vice Chairman Earl H. Nemser sold 10,000 shares of the firm’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 sale, the insider now directly owns 123,770 shares of the company’s stock, valued at approximately $12,813,908.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Vice Chairman Earl H. Nemser sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $101.07, for a total value of $5,053,500.00. Following the completion of the sale, the insider now directly owns 158,770 shares of the company’s stock, valued at approximately $16,046,883.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Earl H. Nemser sold 10,000 shares of the firm’s stock in a transaction that occurred 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 directly 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 sold 65,000 shares of company stock valued at $6,613,100 in the last three months. 3.21% of the stock is currently owned by company insiders.

Interactive Brokers Group Company 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.