Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Purchased by Vestmark Advisory Solutions Inc.

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

Other hedge funds and other institutional investors have also modified their holdings of the company. Contravisory Investment Management Inc. acquired a new stake in Interactive Brokers Group in the 4th quarter worth about $25,000. Rakuten Securities Inc. purchased a new stake in Interactive Brokers Group in the fourth quarter valued at approximately $34,000. Headlands Technologies LLC purchased a new stake in Interactive Brokers Group in the third quarter valued at approximately $40,000. Asset Management One Co. Ltd. increased its position in Interactive Brokers Group by 22.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 744 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 135 shares during the last quarter. Finally, CVA Family Office LLC purchased a new position in Interactive Brokers Group during the fourth quarter worth approximately $75,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IBKR has been the subject of several research reports. Bank of America boosted their price objective on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Jefferies Financial Group boosted their price target 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. Barclays raised their price objective on 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 Interactive Brokers Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $88.00 to $102.00 in a report on Tuesday, January 9th. Finally, UBS Group reduced their price target on shares of 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. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $124.00.

Interactive Brokers Group Price Performance

NASDAQ IBKR traded up $0.32 on Friday, reaching $120.12. The company had a trading volume of 1,459,563 shares, compared to its average volume of 1,043,247. Interactive Brokers Group, Inc. has a 1 year low of $70.83 and a 1 year high of $120.39. The firm has a 50-day moving average of $111.36 and a 200-day moving average of $94.96. The firm has a market capitalization of $50.57 billion, a PE ratio of 20.53, a P/E/G ratio of 1.22 and a beta of 0.81.

Interactive Brokers Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.83%. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, May 31st. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 6.84%.

Insider Buying and Selling

In other Interactive Brokers Group news, insider Thomas Aj Frank sold 36,267 shares of Interactive Brokers Group stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $95.64, for a total transaction of $3,468,575.88. Following the sale, the insider now directly owns 80,623 shares in the company, valued at approximately $7,710,783.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Vice Chairman Earl H. Nemser sold 25,782 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $95.71, for a total value of $2,467,595.22. Following the sale, the insider now owns 208,770 shares in the company, valued at approximately $19,981,376.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Thomas Aj Frank sold 36,267 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $95.64, for a total transaction of $3,468,575.88. Following the transaction, the insider now directly owns 80,623 shares in the company, valued at approximately $7,710,783.72. The disclosure for this sale can be found here. Insiders have sold 127,049 shares of company stock valued at $12,549,271 in the last quarter. Company 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.