Interactive Brokers Group (NASDAQ:IBKR) Hits New 1-Year High at $118.44

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) shares reached a new 52-week high on Thursday . The stock traded as high as $118.44 and last traded at $118.09, with a volume of 43589 shares traded. The stock had previously closed at $116.90.

Analysts Set New Price Targets

A number of equities research analysts recently commented on IBKR shares. Jefferies Financial Group raised their price objective on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the stock a "buy" 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 objective for the stock from $88.00 to $102.00 in a report 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 report on Wednesday, April 17th. Piper Sandler raised their price objective on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday, April 12th. Finally, Citigroup lifted their price target on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a "buy" rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $124.00.

Interactive Brokers Group Stock Performance

The stock has a market capitalization of $50.44 billion, a P/E ratio of 19.98, a price-to-earnings-growth ratio of 1.17 and a beta of 0.81. The stock's fifty day simple moving average is $110.83 and its two-hundred day simple moving average is $94.49.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders 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 of this dividend is Friday, May 31st. Interactive Brokers Group's payout ratio is presently 6.84%.

Insiders Place Their Bets

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, February 21st. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Vice Chairman Earl H. Nemser sold 5,000 shares of the company's stock in a transaction 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 sale, the insider now directly owns 113,770 shares of the company's stock, valued at approximately $11,929,922.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Vice Chairman Earl H. Nemser sold 25,782 shares of the company's stock in a transaction on 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 completion of the sale, the insider now directly owns 208,770 shares in the company, valued at $19,981,376.70. The disclosure for this sale can be found here. Insiders have sold 201,267 shares of company stock valued at $19,695,722 in the last ninety days. 3.21% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IBKR. Contravisory Investment Management Inc. bought a new position in Interactive Brokers Group during the fourth quarter worth $25,000. Rise Advisors LLC acquired a new position in Interactive Brokers Group during the first quarter worth $30,000. Rakuten Securities Inc. acquired a new position in Interactive Brokers Group during the fourth quarter worth $34,000. Headlands Technologies LLC acquired a new position in Interactive Brokers Group during the third quarter worth $40,000. Finally, Principal Securities Inc. acquired a new position in Interactive Brokers Group during the fourth quarter worth $40,000. 23.80% of the stock is owned by institutional investors.

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.