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

Handelsbanken Fonder AB reduced its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 42.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC raised its holdings in shares of Interactive Brokers Group by 29.6% during the third quarter. CWM LLC now owns 1,151 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 263 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Interactive Brokers Group by 1,672.9% during the third quarter. IFP Advisors Inc now owns 851 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 803 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Interactive Brokers Group by 2.1% during the third quarter. Commonwealth Equity Services LLC now owns 6,381 shares of the financial services provider’s stock worth $552,000 after purchasing an additional 133 shares during the last quarter. TriaGen Wealth Management LLC raised its holdings in shares of Interactive Brokers Group by 208.6% during the third quarter. TriaGen Wealth Management LLC now owns 29,212 shares of the financial services provider’s stock worth $2,529,000 after purchasing an additional 19,745 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of Interactive Brokers Group during the third quarter worth $257,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Down 1.0 %

IBKR stock opened at $116.15 on Friday. 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 has a 50-day simple moving average of $110.11 and a 200-day simple moving average of $93.81. Interactive Brokers Group, Inc. has a 52 week low of $70.83 and a 52 week high of $117.96.

Interactive Brokers Group Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on IBKR shares. Citigroup lifted their price objective on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Piper Sandler lifted their price objective 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. Barclays lifted their price objective on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. Jefferies Financial Group lifted their price objective 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. Finally, Bank of America lifted their price objective 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. One 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 stock currently has an average rating of “Moderate Buy” and an average price target of $124.00.

Insider Transactions at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total transaction of $524,300.00. Following the transaction, the insider now directly owns 113,770 shares in the company, valued at $11,929,922.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Vice Chairman Earl H. Nemser sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $103.53, for a total transaction of $1,035,300.00. Following the transaction, the insider now directly owns 123,770 shares in the company, valued at $12,813,908.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total transaction of $524,300.00. Following the transaction, the insider now owns 113,770 shares in the company, valued at $11,929,922.20. The disclosure for this sale can be found here. Insiders sold 284,859 shares of company stock valued at $27,269,699 over the last 90 days. Corporate insiders own 3.21% of the company’s stock.

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.