Daiwa Securities Group Inc. Has $4.26 Million Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Daiwa Securities Group Inc. decreased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report) by 8.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 51,344 shares of the financial services provider’s stock after selling 4,700 shares during the period. Daiwa Securities Group Inc.’s holdings in Interactive Brokers Group were worth $4,256,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Contravisory Investment Management Inc. bought a new stake in shares of Interactive Brokers Group during the 4th quarter worth about $25,000. Eagle Bay Advisors LLC bought a new stake in shares of Interactive Brokers Group during the 2nd quarter worth about $31,000. Rakuten Securities Inc. bought a new stake in shares of Interactive Brokers Group during the 4th quarter worth about $34,000. Headlands Technologies LLC bought a new stake in shares of Interactive Brokers Group during the 3rd quarter worth about $40,000. Finally, Atlas Capital Advisors LLC bought a new stake in shares of Interactive Brokers Group during the 1st quarter worth about $40,000. Institutional investors own 23.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on IBKR. The Goldman Sachs Group raised shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $88.00 to $102.00 in a report on Tuesday, January 9th. Citigroup boosted their price objective 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. Jefferies Financial Group boosted their price objective on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday. Bank of America boosted their price objective on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday. Finally, UBS Group cut their price objective 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 issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $124.00.

Check Out Our Latest Research Report on IBKR

Insider Activity

In other news, insider Thomas Aj Frank sold 50,300 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $90.53, for a total value of $4,553,659.00. Following the completion of the transaction, the insider now directly owns 445,352 shares in the company, valued at approximately $40,317,716.56. The sale was disclosed in a 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 company’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 transaction of $7,146,451.22. Following the completion of the transaction, the insider now directly owns 234,552 shares in the company, valued at approximately $22,585,012.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Thomas Aj Frank sold 50,300 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $90.53, for a total transaction of $4,553,659.00. Following the transaction, the insider now owns 445,352 shares of the company’s stock, valued at $40,317,716.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 428,883 shares of company stock worth $40,395,135. 3.21% of the stock is currently owned by corporate insiders.

Interactive Brokers Group Trading Up 0.9 %

Shares of NASDAQ:IBKR opened at $111.55 on Friday. The firm has a 50 day moving average of $108.76 and a 200-day moving average of $92.90. The stock has a market capitalization of $46.97 billion, a PE ratio of 19.07, a PEG ratio of 1.12 and a beta of 0.83. Interactive Brokers Group, Inc. has a 12 month low of $70.83 and a 12 month high of $116.92.

Interactive Brokers Group Increases Dividend

The company 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 $0.25 dividend. The ex-dividend date is Friday, May 31st. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.10. This represents a $1.00 annualized dividend and a dividend yield of 0.90%. Interactive Brokers Group’s payout ratio is presently 6.84%.

About Interactive Brokers Group

(Free Report)

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.

See Also

Want to see what other hedge funds are holding IBKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report).

Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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