Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stake Cut by Strs Ohio

Strs Ohio decreased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 93.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,420 shares of the financial services provider's stock after selling 264,395 shares during the quarter. Strs Ohio's holdings in Interactive Brokers Group were worth $1,609,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new stake in Interactive Brokers Group during the fourth quarter worth approximately $25,000. Headlands Technologies LLC acquired a new stake in Interactive Brokers Group during the third quarter worth approximately $40,000. Asset Management One Co. Ltd. raised its holdings 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 in the last quarter. IFP Advisors Inc raised its holdings in Interactive Brokers Group by 1,672.9% during the third quarter. IFP Advisors Inc now owns 851 shares of the financial services provider's stock worth $74,000 after purchasing an additional 803 shares in the last quarter. Finally, CVA Family Office LLC acquired a new stake in Interactive Brokers Group during the fourth quarter worth approximately $75,000. Hedge funds and other institutional investors own 23.80% of the company's stock.

Insiders Place Their Bets

In related news, insider Thomas Aj Frank sold 44,643 shares of the business's stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $91.62, for a total value of $4,090,191.66. Following the sale, the insider now directly owns 354,081 shares in the company, valued at approximately $32,440,901.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Vice Chairman Earl H. Nemser sold 74,218 shares of the business's stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $96.29, for a total value of $7,146,451.22. Following the sale, the insider now directly owns 234,552 shares in the company, valued at approximately $22,585,012.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas Aj Frank sold 44,643 shares of the business's stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $91.62, for a total transaction of $4,090,191.66. Following the completion of the sale, the insider now owns 354,081 shares in the company, valued at $32,440,901.22. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 378,583 shares of company stock worth $35,841,476. Corporate insiders own 3.21% of the company's stock.

Analyst Upgrades and Downgrades

IBKR has been the topic of a number of recent research reports. Citigroup lifted their target price on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a "buy" rating in a report on Thursday, April 11th. Piper Sandler lifted their target price on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, April 12th. Bank of America lifted their target price on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the company a "buy" rating in a report on Wednesday, April 17th. Jefferies Financial Group lifted their target price on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday, April 17th. Finally, UBS Group cut their target price on shares of Interactive Brokers Group from $108.00 to $104.00 and set a "buy" rating on the stock in a report on Tuesday, January 9th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $124.00.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR traded up $1.57 during trading on Monday, hitting $113.12. 934,621 shares of the company were exchanged, compared to its average volume of 1,185,319. The company has a market cap of $47.63 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 1.13 and a beta of 0.83. Interactive Brokers Group, Inc. has a 1 year low of $70.83 and a 1 year high of $116.92. The firm's fifty day moving average price is $109.06 and its 200 day moving average price is $93.12.

Interactive Brokers Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.25 per share. This is a positive change from Interactive Brokers Group's previous quarterly dividend of $0.10. This represents a $1.00 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, May 31st. Interactive Brokers Group's payout ratio is presently 6.84%.

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.