Interactive Brokers Group (NASDAQ:IBKR) Sets New 52-Week High at $117.22

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) shares 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.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on IBKR shares. Piper Sandler lifted their target price on Interactive Brokers Group from $105.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, April 12th. UBS Group cut their target price 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 lifted their target price on Interactive Brokers Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, April 17th. Citigroup boosted their price target on Interactive Brokers Group from $105.00 to $135.00 and gave the company a "buy" rating in a research report on Thursday, April 11th. Finally, Bank of America lifted their price objective on Interactive Brokers Group from $147.00 to $152.00 and gave the company a "buy" rating in a report on Wednesday, April 17th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.00.

Interactive Brokers Group Trading Up 1.5 %

The business's 50-day moving average is $109.63 and its two-hundred day moving average is $93.45. The stock has a market capitalization of $49.40 billion, a PE ratio of 20.06, a PEG 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 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 0.85%. The ex-dividend date of this dividend is Friday, May 31st. Interactive Brokers Group's dividend payout ratio is presently 6.84%.

Insider Buying and Selling at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 74,218 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $96.29, for a total transaction of $7,146,451.22. Following the transaction, the insider now owns 234,552 shares of the company's stock, valued at $22,585,012.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Vice Chairman Earl H. Nemser sold 25,782 shares of the stock in a transaction dated 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 owns 208,770 shares in the company, valued at $19,981,376.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 74,218 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $96.29, for a total transaction of $7,146,451.22. Following the sale, the insider now owns 234,552 shares in the company, valued at approximately $22,585,012.08. The disclosure for this sale can be found here. Insiders sold a total of 333,940 shares of company stock valued at $31,751,285 in the last ninety days. Insiders own 3.21% of the company's stock.

Institutional Investors Weigh In On Interactive Brokers Group

Large investors have recently made changes to their positions in the company. Rise Advisors LLC bought a new position in shares of Interactive Brokers Group in the first quarter valued at approximately $30,000. Contravisory Investment Management Inc. acquired a new stake in Interactive Brokers Group during the 4th quarter worth about $25,000. Rakuten Securities Inc. acquired a new stake in shares of Interactive Brokers Group during the fourth quarter valued at approximately $34,000. Headlands Technologies LLC purchased a new stake in shares of Interactive Brokers Group in the third quarter valued at $40,000. Finally, Principal Securities Inc. acquired a new stake in Interactive Brokers Group during the 4th quarter worth about $40,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Interactive Brokers Group Company 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.