Interactive Brokers Group (NASDAQ:IBKR) Sets New 52-Week High at $118.44

Interactive Brokers Group, Inc. (NASDAQ:IBKR) shares reached a new 52-week high on Thursday . The company traded as high as $118.44 and last traded at $118.09, with a volume of 43589 shares trading hands. The stock had previously closed at $116.90.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on IBKR shares. Barclays increased their price target on Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 17th. Citigroup increased their target price on Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. UBS Group dropped their price target on Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a research note on Tuesday, January 9th. 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 research report on Friday, April 12th. Finally, Bank of America upped their target price on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. One 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.com, the company has an average rating of “Moderate Buy” and an average target price of $124.00.

Interactive Brokers Group Price Performance

The firm has a market cap of $50.57 billion, a P/E ratio of 20.53, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. The company’s 50-day simple moving average is $111.36 and its 200 day simple moving average is $94.90.

Interactive Brokers Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.25 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.00 annualized dividend and a yield of 0.83%. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.10. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 17.09%.

Insider Buying and Selling at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 5,000 shares of Interactive Brokers Group 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 in the company, valued at approximately $11,929,922.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Vice Chairman Earl H. Nemser sold 10,000 shares of the stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of the firm’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 completion of the sale, the insider now directly 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. Insiders have sold a total of 127,049 shares of company stock worth $12,549,271 over the last ninety days. Company insiders own 3.21% of the company’s stock.

Institutional Investors Weigh In On Interactive Brokers Group

Several hedge funds and other institutional investors have recently modified their holdings of IBKR. Contravisory Investment Management Inc. bought a new position in Interactive Brokers Group in the 4th quarter valued at $25,000. Rise Advisors LLC purchased a new stake in shares of Interactive Brokers Group during the first quarter valued at $30,000. Rakuten Securities Inc. bought a new position in shares of Interactive Brokers Group in the fourth quarter worth about $34,000. Headlands Technologies LLC purchased a new position in Interactive Brokers Group in the 3rd quarter worth about $40,000. Finally, Principal Securities Inc. bought a new stake in Interactive Brokers Group during the 4th quarter valued at about $40,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

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.