Vestmark Advisory Solutions Inc. Raises Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Vestmark Advisory Solutions Inc. raised its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,672 shares of the financial services provider’s stock after purchasing an additional 992 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Interactive Brokers Group were worth $2,626,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AIA Group Ltd purchased a new stake in shares of Interactive Brokers Group in the fourth quarter worth about $1,840,000. International Assets Investment Management LLC acquired a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $7,841,000. Darwin Wealth Management LLC purchased a new position in shares of Interactive Brokers Group during the 3rd quarter valued at approximately $1,775,000. Lecap Asset Management Ltd. purchased a new position in shares of Interactive Brokers Group during the 4th quarter valued at approximately $1,910,000. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in shares of Interactive Brokers Group by 93.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 35,170 shares of the financial services provider’s stock valued at $3,044,000 after purchasing an additional 16,996 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Trading Up 0.3 %

IBKR stock traded up $0.32 during midday trading on Friday, reaching $120.12. The stock had a trading volume of 1,459,563 shares, compared to its average volume of 1,043,247. Interactive Brokers Group, Inc. has a 52-week low of $70.83 and a 52-week high of $120.39. 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 1.22 and a beta of 0.81. The company’s fifty day simple moving average is $111.36 and its 200 day simple moving average is $94.96.

Interactive Brokers Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.83%. The ex-dividend date is Friday, May 31st. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.10. Interactive Brokers Group’s dividend payout ratio is currently 6.84%.

Wall Street Analysts Forecast Growth

IBKR has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $88.00 to $102.00 in a report on Tuesday, January 9th. UBS Group lowered their price target on Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating on the stock in a research report on Tuesday, January 9th. Jefferies Financial Group boosted their price objective on Interactive Brokers Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Piper Sandler increased their target price on 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, Barclays boosted their price target 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. One 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, the company has a consensus 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 50,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $101.07, for a total transaction of $5,053,500.00. Following the transaction, the insider now owns 158,770 shares of the company’s stock, valued at $16,046,883.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other 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 approximately $11,929,922.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman Earl H. Nemser sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $101.07, for a total transaction of $5,053,500.00. Following the sale, the insider now owns 158,770 shares of the company’s stock, valued at approximately $16,046,883.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 127,049 shares of company stock worth $12,549,271. Insiders own 3.21% of the company’s stock.

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.