Handelsbanken Fonder AB Has $2.94 Million Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Handelsbanken Fonder AB lowered its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 42.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,412 shares of the financial services provider's stock after selling 26,133 shares during the quarter. Handelsbanken Fonder AB's holdings in Interactive Brokers Group were worth $2,936,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in IBKR. Contravisory Investment Management Inc. acquired a new position in shares of Interactive Brokers Group during the fourth quarter valued at approximately $25,000. Rakuten Securities Inc. acquired a new position in shares of Interactive Brokers Group during the fourth quarter valued at approximately $34,000. Headlands Technologies LLC acquired a new position in shares of Interactive Brokers Group during the third quarter valued at approximately $40,000. Asset Management One Co. Ltd. increased its stake in shares of 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 valued at $62,000 after acquiring an additional 135 shares during the period. Finally, IFP Advisors Inc increased its stake in shares of 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 valued at $74,000 after acquiring an additional 803 shares during the period. Institutional investors and hedge funds own 23.80% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on IBKR shares. Barclays raised their price objective on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the company an "overweight" rating in a research note on Wednesday, April 17th. Piper Sandler raised their target price 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. The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a "neutral" rating to a "buy" rating and raised their target price for the stock from $88.00 to $102.00 in a report on Tuesday, January 9th. Bank of America raised their target price 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. Finally, UBS Group reduced 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 report on Tuesday, January 9th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Interactive Brokers Group presently has an average rating of "Moderate Buy" and an average target price of $124.00.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock traded down $1.19 during midday trading on Friday, reaching $116.15. The stock had a trading volume of 717,423 shares, compared to its average volume of 974,502. The firm's fifty day simple moving average is $110.11 and its two-hundred day simple moving average is $93.85. Interactive Brokers Group, Inc. has a twelve month low of $70.83 and a twelve month high of $117.96. The firm has a market cap of $48.90 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 1.19 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. Investors of record on Friday, May 31st will be paid a $0.25 dividend. 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.86%. Interactive Brokers Group's dividend payout ratio (DPR) is currently 6.84%.

Insider Buying and Selling

In related news, Vice Chairman Earl H. Nemser sold 74,218 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 234,552 shares of the company's stock, valued at approximately $22,585,012.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 74,218 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now owns 234,552 shares in the company, valued at approximately $22,585,012.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of the 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 completion of the sale, 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. In the last 90 days, insiders sold 284,859 shares of company stock valued at $27,269,699. Company insiders own 3.21% 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.