Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Acquired by Raymond James & Associates

Raymond James & Associates boosted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 6.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 414,548 shares of the financial services provider's stock after buying an additional 24,365 shares during the quarter. Raymond James & Associates owned 0.10% of Interactive Brokers Group worth $46,309,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBKR. Rise Advisors LLC acquired a new position in shares of Interactive Brokers Group in the first quarter worth about $30,000. Contravisory Investment Management Inc. acquired a new position in shares of Interactive Brokers Group in the 4th quarter valued at approximately $25,000. Rakuten Securities Inc. purchased a new position in shares of Interactive Brokers Group during the 4th quarter valued at approximately $34,000. Headlands Technologies LLC acquired a new stake in shares of Interactive Brokers Group during the third quarter worth approximately $40,000. Finally, Principal Securities Inc. bought a new stake in shares of Interactive Brokers Group in the fourth quarter worth $40,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Vice Chairman Earl H. Nemser sold 5,000 shares of the firm's stock in a transaction that occurred 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 sale, the insider now directly owns 113,770 shares in the company, valued at approximately $11,929,922.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Vice Chairman Earl H. Nemser sold 5,000 shares of Interactive Brokers Group 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 transaction, the insider now directly owns 113,770 shares in the company, valued at approximately $11,929,922.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas Aj Frank sold 36,267 shares of the company's stock in a transaction on Monday, February 5th. The shares were sold at an average price of $95.64, for a total value of $3,468,575.88. Following the completion of the sale, the insider now owns 80,623 shares of the company's stock, valued at approximately $7,710,783.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 127,049 shares of company stock worth $12,549,271. Insiders own 3.21% of the company's stock.

Interactive Brokers Group Stock Performance

Shares of IBKR traded up $0.32 during midday trading on Friday, hitting $120.12. 1,459,563 shares of the stock traded hands, compared to its average volume of 1,043,247. The business's 50 day moving average price is $111.36 and its two-hundred day moving average price is $94.90. The firm has a market capitalization of $50.57 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 1.22 and a beta of 0.81. Interactive Brokers Group, Inc. has a 1-year low of $70.83 and a 1-year high of $120.39.

Interactive Brokers Group Increases Dividend

The company 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 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%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on IBKR. 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 research note 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 research report on Wednesday, April 17th. The Goldman Sachs Group raised Interactive Brokers Group from a "neutral" rating to a "buy" rating and upped their price target for the company from $88.00 to $102.00 in a research report on Tuesday, January 9th. Barclays lifted their price objective on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the stock an "overweight" rating in a report on Wednesday, April 17th. Finally, Piper Sandler increased 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. One research 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 stock currently has a consensus rating of "Moderate Buy" and an average target price of $124.00.

About Interactive Brokers Group

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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