Interactive Brokers Group (NASDAQ:IBKR) Hits New 12-Month High at $117.22

Interactive Brokers Group, Inc. (NASDAQ:IBKR) reached a new 52-week high during trading on Thursday . The stock traded as high as $117.22 and last traded at $116.95, with a volume of 137940 shares traded. The stock had previously closed at $115.64.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group raised shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and increased their target price for the company from $88.00 to $102.00 in a research note on Tuesday, January 9th. Bank of America raised their price objective on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Piper Sandler increased their price target on Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Barclays raised 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. Finally, 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 note on Thursday, April 11th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.

Interactive Brokers Group Stock Down 1.0 %

The company has a market capitalization of $48.90 billion, a PE ratio of 19.85, a price-to-earnings-growth ratio of 1.18 and a beta of 0.83. The stock’s 50 day moving average is $110.11 and its two-hundred day moving average is $93.81.

Interactive Brokers Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, May 31st. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.86%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 6.84%.

Insider Buying and Selling

In other news, insider Thomas Aj Frank sold 36,883 shares of Interactive Brokers Group stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $90.64, for a total value of $3,343,075.12. Following the transaction, the insider now directly owns 164,484 shares in the company, valued at approximately $14,908,829.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Thomas Aj Frank sold 36,883 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $90.64, for a total value of $3,343,075.12. Following the sale, the insider now directly owns 164,484 shares in the company, valued at approximately $14,908,829.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of the business’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 transaction, the insider now 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 284,859 shares of company stock valued at $27,269,699 over the last 90 days. Corporate insiders own 3.21% of the company’s stock.

Institutional Trading of Interactive Brokers Group

A number of institutional investors have recently made changes to their positions in IBKR. Oliver Luxxe Assets LLC raised its stake in Interactive Brokers Group by 1.8% in the first quarter. Oliver Luxxe Assets LLC now owns 7,047 shares of the financial services provider’s stock valued at $787,000 after buying an additional 126 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Interactive Brokers Group by 2.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 6,381 shares of the financial services provider’s stock worth $552,000 after purchasing an additional 133 shares during the last quarter. Toroso Investments LLC increased its stake in Interactive Brokers Group by 1.1% during the 3rd quarter. Toroso Investments LLC now owns 11,702 shares of the financial services provider’s stock valued at $1,013,000 after purchasing an additional 133 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Interactive Brokers Group by 22.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 744 shares of the financial services provider’s stock worth $62,000 after buying an additional 135 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its stake in shares of Interactive Brokers Group by 0.3% during the fourth quarter. Yousif Capital Management LLC now owns 49,785 shares of the financial services provider’s stock worth $4,127,000 after buying an additional 152 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

About Interactive Brokers Group

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.