Securian Asset Management Inc. lowered its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 43.7% in the fourth quarter, HoldingsChannel reports. The firm owned 12,110 shares of the financial services provider’s stock after selling 9,392 shares during the quarter. Securian Asset Management Inc.’s holdings in Interactive Brokers Group were worth $779,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the business. Murphy & Mullick Capital Management Corp purchased a new position in Interactive Brokers Group in the 3rd quarter valued at approximately $27,000. Blue Trust Inc. increased its position in shares of Interactive Brokers Group by 236.0% during the fourth quarter. Blue Trust Inc. now owns 672 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 472 shares during the period. Ramsey Quantitative Systems acquired a new stake in shares of Interactive Brokers Group in the second quarter valued at $44,000. Darwin Wealth Management LLC acquired a new stake in shares of Interactive Brokers Group in the second quarter valued at $45,000. Finally, Close Asset Management Ltd purchased a new position in Interactive Brokers Group in the third quarter valued at $60,000. 23.80% of the stock is owned by hedge funds and other institutional investors.
Interactive Brokers Group Price Performance
Shares of NASDAQ IBKR opened at $85.12 on Thursday. The business has a 50-day moving average of $73.16 and a two-hundred day moving average of $70.80. The company has a market capitalization of $144.39 billion, a price-to-earnings ratio of 36.69, a price-to-earnings-growth ratio of 2.34 and a beta of 1.32. Interactive Brokers Group, Inc. has a 1 year low of $49.15 and a 1 year high of $87.37.
Interactive Brokers Group Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Monday, June 1st will be issued a $0.0875 dividend. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, June 1st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 13.79%.
Insider Activity at Interactive Brokers Group
In related news, Director Lawrence E. Harris sold 26,000 shares of Interactive Brokers Group stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the sale, the director directly owned 173,482 shares in the company, valued at $13,345,970.26. This trade represents a 13.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on IBKR. BMO Capital Markets upped their price target on Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Barclays boosted their price objective on Interactive Brokers Group from $85.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Keefe, Bruyette & Woods assumed coverage on shares of Interactive Brokers Group in a report on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 target price on the stock. The Goldman Sachs Group set a $98.00 price target on shares of Interactive Brokers Group in a research note on Friday, May 1st. Finally, Jefferies Financial Group lowered their price target on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a report on Monday, April 6th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $83.25.
Read Our Latest Stock Report on Interactive Brokers Group
Interactive Brokers Group Company Profile
Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.
Its product suite centers on advanced trading platforms and infrastructure.
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