Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Bought by Cumberland Partners Ltd

Cumberland Partners Ltd raised its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 62.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,500 shares of the financial services provider's stock after purchasing an additional 12,500 shares during the period. Cumberland Partners Ltd's holdings in Interactive Brokers Group were worth $2,694,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in IBKR. Contravisory Investment Management Inc. bought a new stake in shares of Interactive Brokers Group during the 4th quarter worth $25,000. Rakuten Securities Inc. bought a new position in Interactive Brokers Group in the fourth quarter valued at approximately $34,000. Headlands Technologies LLC bought a new stake in shares of Interactive Brokers Group in the third quarter worth about $40,000. Asset Management One Co. Ltd. boosted its position in Interactive Brokers Group by 22.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 744 shares of the financial services provider's stock worth $62,000 after acquiring an additional 135 shares during the last quarter. Finally, IFP Advisors Inc increased 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 buying an additional 803 shares during the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR traded up $1.57 during mid-day trading on Tuesday, hitting $114.69. 1,041,136 shares of the company's stock traded hands, compared to its average volume of 1,183,475. The company's 50-day moving average is $109.33 and its two-hundred day moving average is $93.30. Interactive Brokers Group, Inc. has a 1 year low of $70.83 and a 1 year high of $116.92. The company has a market capitalization of $48.29 billion, a P/E ratio of 19.61, a PEG ratio of 1.13 and a beta of 0.83.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.87%. This is an increase 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 dividend payout ratio (DPR) is 6.84%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on IBKR. The Goldman Sachs Group raised Interactive Brokers Group from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $88.00 to $102.00 in a report on Tuesday, January 9th. Bank of America lifted their target price on Interactive Brokers Group from $147.00 to $152.00 and gave the stock a "buy" rating in a report on Wednesday, April 17th. Jefferies Financial Group raised their price objective on Interactive Brokers Group from $133.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, April 17th. UBS Group decreased their target price on shares of Interactive Brokers Group from $108.00 to $104.00 and set a "buy" rating for the company in a research report on Tuesday, January 9th. Finally, Citigroup lifted their target price on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the stock a "buy" rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Interactive Brokers Group has an average rating of "Moderate Buy" and an average price target of $124.00.

Insider Buying and Selling

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 5,000 shares of the company's stock in a transaction 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 completion of the sale, the insider now owns 113,770 shares in the company, valued at $11,929,922.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Vice Chairman Earl H. Nemser sold 5,000 shares of the company's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total value of $524,300.00. Following the transaction, 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 through this hyperlink. Also, insider Thomas Aj Frank sold 46,709 shares of Interactive Brokers Group stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $90.58, for a total transaction of $4,230,901.22. Following the transaction, the insider now directly owns 209,975 shares of the company's stock, valued at $19,019,535.50. The disclosure for this sale can be found here. Insiders have sold 378,583 shares of company stock valued at $35,841,476 in the last 90 days. 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.

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