Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lessened its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 42.5% in the 4th quarter, Holdings Channel reports. The fund owned 35,412 shares of the financial services provider’s stock after selling 26,133 shares during the period. Handelsbanken Fonder AB’s holdings in Interactive Brokers Group were worth $2,936,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new stake in shares of Interactive Brokers Group in the 4th quarter worth $25,000. Rakuten Securities Inc. purchased a new position in shares of Interactive Brokers Group in the 4th quarter valued at about $34,000. Headlands Technologies LLC purchased a new position in shares of Interactive Brokers Group in the 3rd quarter valued at about $40,000. 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 purchasing an additional 135 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings 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 in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $116.15 on Friday. Interactive Brokers Group, Inc. has a 12-month low of $70.83 and a 12-month high of $117.96. The stock has a market capitalization of $48.90 billion, a P/E ratio of 19.85, a P/E/G ratio of 1.18 and a beta of 0.83. The firm’s 50-day moving average is $110.11 and its two-hundred day moving average is $93.81.

Interactive Brokers Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.25 per share. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.10. This represents a $1.00 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, May 31st. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 6.84%.

Insiders Place Their Bets

In other Interactive Brokers Group news, insider Thomas Aj Frank sold 36,883 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $90.64, for a total transaction of $3,343,075.12. Following the sale, the insider now directly owns 164,484 shares of the company’s stock, valued at approximately $14,908,829.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Thomas Aj Frank sold 36,883 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $90.64, for a total value of $3,343,075.12. Following the sale, the insider now directly owns 164,484 shares of the company’s stock, valued at $14,908,829.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 25,782 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $95.71, for a total transaction of $2,467,595.22. Following the completion of the sale, the insider now directly owns 208,770 shares in the company, valued at $19,981,376.70. The disclosure for this sale can be found here. Insiders have sold 284,859 shares of company stock valued at $27,269,699 in the last ninety days. Insiders own 3.21% of the company’s stock.

Wall Street Analyst Weigh In

IBKR has been the subject of a number of research analyst reports. UBS Group cut their price target on shares of Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a report on Tuesday, January 9th. The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and increased their price target for the company from $88.00 to $102.00 in a report on Tuesday, January 9th. Piper Sandler increased their price target on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Bank of America increased their price target on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Finally, Jefferies Financial Group raised their target price on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $124.00.

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.