Chase Investment Counsel Corp Lowers Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Chase Investment Counsel Corp decreased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 79.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,000 shares of the financial services provider's stock after selling 43,514 shares during the period. Chase Investment Counsel Corp's holdings in Interactive Brokers Group were worth $911,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Retirement Systems of Alabama raised its stake in shares of Interactive Brokers Group by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 134,030 shares of the financial services provider's stock valued at $11,111,000 after acquiring an additional 463 shares in the last quarter. Alliance Wealth Advisors LLC UT grew its position in shares of Interactive Brokers Group by 2.7% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 5,763 shares of the financial services provider's stock valued at $478,000 after purchasing an additional 153 shares during the last quarter. O Brien Greene & Co. Inc increased its stake in shares of Interactive Brokers Group by 0.7% in the fourth quarter. O Brien Greene & Co. Inc now owns 86,150 shares of the financial services provider's stock worth $7,142,000 after purchasing an additional 630 shares during the period. VCI Wealth Management LLC acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth about $848,000. Finally, Yousif Capital Management LLC boosted its stake in Interactive Brokers Group by 0.3% during the 4th quarter. Yousif Capital Management LLC now owns 49,785 shares of the financial services provider's stock valued at $4,127,000 after purchasing an additional 152 shares during the period. Institutional investors and hedge funds own 23.80% of the company's stock.

Insiders Place Their Bets

In other news, insider Thomas Aj Frank sold 36,883 shares of the company's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $90.64, for a total value of $3,343,075.12. Following the completion of the sale, the insider now directly owns 164,484 shares of the company's stock, valued at approximately $14,908,829.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Thomas Aj Frank sold 36,883 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $90.64, for a total transaction of $3,343,075.12. Following the completion of the transaction, the insider now owns 164,484 shares in the company, valued at $14,908,829.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of the company'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 completion of the sale, the insider now directly 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. Over the last quarter, insiders have sold 238,150 shares of company stock worth $23,038,797. Insiders own 3.21% of the company's stock.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock traded up $0.58 on Monday, hitting $116.73. 767,716 shares of the company's stock traded hands, compared to its average volume of 1,163,471. Interactive Brokers Group, Inc. has a one year low of $70.83 and a one year high of $117.96. The stock has a market capitalization of $49.15 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 1.18 and a beta of 0.83. The firm's 50-day moving average price is $110.36 and its two-hundred day moving average price is $94.12.

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 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 annualized dividend and a yield of 0.86%. Interactive Brokers Group's dividend payout ratio is presently 6.84%.

Analysts Set New Price Targets

IBKR has been the topic of several research analyst reports. Citigroup raised their price objective on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the stock a "buy" rating in a research note on Thursday, April 11th. UBS Group decreased their price target on Interactive Brokers Group from $108.00 to $104.00 and set a "buy" rating on the stock in a research note on Tuesday, January 9th. Jefferies Financial Group lifted their price target 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. Bank of America boosted their price objective on Interactive Brokers Group from $147.00 to $152.00 and gave the stock a "buy" rating in a research note on Wednesday, April 17th. Finally, Piper Sandler upped their target price on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $124.00.

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.