Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Cwm LLC

Cwm LLC cut its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 29.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 808 shares of the financial services provider’s stock after selling 343 shares during the quarter. Cwm LLC’s holdings in Interactive Brokers Group were worth $67,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Contravisory Investment Management Inc. purchased a new stake in shares of Interactive Brokers Group in the fourth quarter valued at approximately $25,000. Rakuten Securities Inc. purchased a new stake in shares of Interactive Brokers Group in the fourth quarter valued at approximately $34,000. Headlands Technologies LLC purchased a new stake in shares of Interactive Brokers Group in the third quarter valued at approximately $40,000. Asset Management One Co. Ltd. increased its position in shares of 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 buying an additional 135 shares in the last quarter. Finally, CVA Family Office LLC purchased a new stake in shares of Interactive Brokers Group in the fourth quarter valued at approximately $75,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Vice Chairman Earl H. Nemser sold 50,000 shares of the company’s stock in a transaction 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 transaction, the insider now owns 158,770 shares of the company’s stock, valued at approximately $16,046,883.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Vice Chairman Earl H. Nemser sold 50,000 shares of the company’s stock in a transaction 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 transaction, the insider now owns 158,770 shares of the company’s stock, valued at approximately $16,046,883.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Earl H. Nemser sold 10,000 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 123,770 shares in the company, valued at approximately $12,813,908.10. The disclosure for this sale can be found here. Insiders have sold a total of 65,000 shares of company stock valued at $6,613,100 in the last quarter. Insiders own 3.21% of the company’s stock.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $119.72 on Thursday. Interactive Brokers Group, Inc. has a fifty-two week low of $72.60 and a fifty-two week high of $122.88. The stock’s fifty day moving average is $112.13 and its two-hundred day moving average is $95.78. The firm has a market capitalization of $50.41 billion, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 1.22 and a beta of 0.81.

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 paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. 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 dividend payout ratio is 17.09%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Barclays boosted their price target on 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 boosted their price target on 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 boosted their price target on Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Jefferies Financial Group boosted their price target on Interactive Brokers Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Finally, Citigroup boosted their price objective on Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.