VCI Wealth Management LLC Acquires New Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

VCI Wealth Management LLC bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,229 shares of the financial services provider’s stock, valued at approximately $848,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBKR. FMR LLC lifted its holdings in Interactive Brokers Group by 211.7% in the 3rd quarter. FMR LLC now owns 1,773,533 shares of the financial services provider’s stock valued at $153,517,000 after purchasing an additional 1,204,573 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Interactive Brokers Group by 234.6% during the 3rd quarter. Invesco Ltd. now owns 567,283 shares of the financial services provider’s stock worth $49,104,000 after acquiring an additional 397,729 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Interactive Brokers Group by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 9,566,830 shares of the financial services provider’s stock worth $828,105,000 after acquiring an additional 308,236 shares during the period. Polar Capital Holdings Plc purchased a new position in shares of Interactive Brokers Group during the 3rd quarter worth about $18,025,000. Finally, Greenwich Wealth Management LLC lifted its holdings in shares of Interactive Brokers Group by 6.5% during the 3rd quarter. Greenwich Wealth Management LLC now owns 3,117,859 shares of the financial services provider’s stock worth $269,882,000 after acquiring an additional 189,555 shares during the period. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total value of $524,300.00. Following the completion of the sale, the insider now owns 113,770 shares of the company’s stock, valued at $11,929,922.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Thomas Aj Frank sold 49,081 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $91.31, for a total transaction of $4,481,586.11. Following the completion of the sale, the insider now owns 256,684 shares of the company’s stock, valued at $23,437,816.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total transaction of $524,300.00. Following 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 sold 333,940 shares of company stock valued at $31,751,285 over the last 90 days. 3.21% of the stock is owned by corporate insiders.

Interactive Brokers Group Trading Up 1.5 %

NASDAQ:IBKR traded up $1.70 during trading hours on Thursday, hitting $117.34. The stock had a trading volume of 940,846 shares, compared to its average volume of 1,173,982. Interactive Brokers Group, Inc. has a 1-year low of $70.83 and a 1-year high of $117.96. The business has a 50 day simple moving average of $109.63 and a two-hundred day simple moving average of $93.45. The company has a market cap of $49.40 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 1.17 and a beta of 0.83.

Interactive Brokers Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.25 dividend. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, May 31st. This represents a $1.00 annualized dividend and a yield of 0.85%. Interactive Brokers Group’s dividend payout ratio (DPR) is 6.84%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on IBKR shares. UBS Group cut their price objective on shares of Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating on the stock in a report on Tuesday, January 9th. Barclays increased their price objective on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. The Goldman Sachs Group upgraded 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. Piper Sandler raised 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. Finally, Jefferies Financial Group raised 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. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average target price of $124.00.

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.