Truist Financial Corp Reduces Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Truist Financial Corp reduced its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 18.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,621 shares of the financial services provider’s stock after selling 18,930 shares during the period. Truist Financial Corp’s holdings in Interactive Brokers Group were worth $6,932,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services LLC grew its stake in shares of Interactive Brokers Group by 2.1% in the third quarter. Commonwealth Equity Services LLC now owns 6,381 shares of the financial services provider’s stock worth $552,000 after acquiring an additional 133 shares during the last quarter. Toroso Investments LLC boosted its stake in 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 worth $1,013,000 after purchasing an additional 133 shares in the last quarter. Asset Management One Co. Ltd. grew its position in Interactive Brokers Group by 22.2% during 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 during the last quarter. Yousif Capital Management LLC increased its stake in Interactive Brokers Group by 0.3% during 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 purchasing an additional 152 shares in the last quarter. Finally, KB Financial Partners LLC raised its holdings in Interactive Brokers Group by 0.9% in the third quarter. KB Financial Partners LLC now owns 20,404 shares of the financial services provider’s stock worth $1,766,000 after buying an additional 176 shares during the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 25,782 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were 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 of the company’s stock, valued at $19,981,376.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were 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 $11,929,922.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Vice Chairman Earl H. Nemser sold 25,782 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $95.71, for a total transaction of $2,467,595.22. Following the sale, the insider now directly owns 208,770 shares of the company’s stock, valued at $19,981,376.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 127,049 shares of company stock valued at $12,549,271. Insiders own 3.21% of the company’s stock.

Interactive Brokers Group Stock Up 0.3 %

Shares of Interactive Brokers Group stock opened at $120.12 on Friday. The company has a market cap of $50.57 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. The company’s 50 day moving average is $111.09 and its 200 day moving average is $94.66. Interactive Brokers Group, Inc. has a twelve month low of $70.83 and a twelve month high of $120.39.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued 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 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Friday, May 31st. Interactive Brokers Group’s dividend payout ratio is currently 17.09%.

Interactive Brokers Group 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.