Everpar Advisors LLC Invests $548,000 in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Everpar Advisors LLC purchased a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,610 shares of the financial services provider’s stock, valued at approximately $548,000.

Several other institutional investors have also recently added to or reduced their stakes in IBKR. FMR LLC raised its stake in shares of Interactive Brokers Group by 211.7% in the third quarter. FMR LLC now owns 1,773,533 shares of the financial services provider’s stock valued at $153,517,000 after acquiring an additional 1,204,573 shares during the last quarter. Invesco Ltd. raised its position in Interactive Brokers Group by 234.6% in the 3rd quarter. Invesco Ltd. now owns 567,283 shares of the financial services provider’s stock valued at $49,104,000 after purchasing an additional 397,729 shares during the last quarter. Vanguard Group Inc. boosted its stake in Interactive Brokers Group by 3.3% in the third quarter. Vanguard Group Inc. now owns 9,566,830 shares of the financial services provider’s stock worth $828,105,000 after purchasing an additional 308,236 shares in the last quarter. Polar Capital Holdings Plc acquired a new position in Interactive Brokers Group in the third quarter worth $18,025,000. Finally, Greenwich Wealth Management LLC boosted its stake in Interactive Brokers Group by 6.5% in the third quarter. Greenwich Wealth Management LLC now owns 3,117,859 shares of the financial services provider’s stock worth $269,882,000 after purchasing an additional 189,555 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

Insider Activity

In other news, Vice Chairman Earl H. Nemser sold 50,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $101.07, for a total value of $5,053,500.00. Following the completion of the sale, the insider now owns 158,770 shares of the company’s stock, valued at approximately $16,046,883.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Vice Chairman Earl H. Nemser sold 50,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $101.07, for a total value of $5,053,500.00. Following the completion of the sale, the insider now owns 158,770 shares of the company’s stock, valued at approximately $16,046,883.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman Earl H. Nemser sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $103.53, for a total value of $1,035,300.00. Following the sale, the insider now directly owns 123,770 shares of the company’s stock, valued at approximately $12,813,908.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,000 shares of company stock valued at $6,613,100. 3.21% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IBKR. The Goldman Sachs Group raised Interactive Brokers Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $88.00 to $102.00 in a research note on Tuesday, January 9th. UBS Group reduced their price objective 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. Citigroup boosted their price objective on Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Piper Sandler boosted their price objective on Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Finally, 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. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $124.00.

Interactive Brokers Group Stock Performance

NASDAQ IBKR traded down $1.47 during trading hours on Tuesday, reaching $120.54. 934,640 shares of the company’s stock were exchanged, compared to its average volume of 1,161,768. The company has a market capitalization of $50.75 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 1.22 and a beta of 0.81. Interactive Brokers Group, Inc. has a one year low of $72.60 and a one year high of $122.88. The company’s 50-day moving average is $111.91 and its two-hundred day moving average is $95.62.

Interactive Brokers Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.25 per share. 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 0.83%. The ex-dividend date of this dividend is Friday, May 31st. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 6.84%.

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.