Xponance Inc. Increases Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Xponance Inc. increased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,125 shares of the financial services provider’s stock after buying an additional 347 shares during the period. Xponance Inc.’s holdings in Interactive Brokers Group were worth $1,088,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. CWM LLC increased its position in shares of Interactive Brokers Group by 29.6% in the 3rd quarter. CWM LLC now owns 1,151 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 263 shares during the last quarter. AE Wealth Management LLC increased its position in shares of Interactive Brokers Group by 3.7% in the 3rd quarter. AE Wealth Management LLC now owns 25,092 shares of the financial services provider’s stock valued at $2,172,000 after purchasing an additional 898 shares during the last quarter. IFP Advisors Inc increased its position in shares of Interactive Brokers Group by 1,672.9% in the 3rd quarter. IFP Advisors Inc now owns 851 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 803 shares during the last quarter. Exchange Traded Concepts LLC increased its position in shares of Interactive Brokers Group by 58.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 22,372 shares of the financial services provider’s stock valued at $1,937,000 after purchasing an additional 8,281 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in shares of Interactive Brokers Group by 3.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 61,545 shares of the financial services provider’s stock valued at $5,327,000 after purchasing an additional 2,104 shares during the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on IBKR. Barclays increased 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 report on Wednesday, April 17th. Bank of America upped their target price on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and upped their target price for the company from $88.00 to $102.00 in a report on Tuesday, January 9th. Citigroup upped their target price 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. Finally, Piper Sandler upped their target price on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, April 12th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $124.00.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $115.64 on Thursday. The stock has a market cap of $48.69 billion, a P/E ratio of 19.77, a P/E/G ratio of 1.15 and a beta of 0.83. The firm has a fifty day moving average price of $109.33 and a 200 day moving average price of $93.30. Interactive Brokers Group, Inc. has a 1-year low of $70.83 and a 1-year high of $116.92.

Interactive Brokers Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, May 31st. This represents a $1.00 dividend on an annualized basis and a yield of 0.86%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.10. Interactive Brokers Group’s dividend payout ratio is currently 6.84%.

Insider Buying and Selling

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 74,218 shares of the company’s stock in a transaction 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 owns 234,552 shares in the company, valued at approximately $22,585,012.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 74,218 shares of the company’s stock in a transaction 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 owns 234,552 shares in the company, valued at approximately $22,585,012.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Earl H. Nemser sold 25,782 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $95.71, for a total transaction of $2,467,595.22. Following the transaction, the insider now owns 208,770 shares of the company’s stock, valued at approximately $19,981,376.70. The disclosure for this sale can be found here. Insiders sold a total of 333,940 shares of company stock worth $31,751,285 in the last 90 days. 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.