Hsbc Holdings PLC lifted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 24.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,120,539 shares of the financial services provider’s stock after acquiring an additional 219,180 shares during the period. Hsbc Holdings PLC’s holdings in Interactive Brokers Group were worth $72,299,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the stock. HM Payson & Co. increased its stake in Interactive Brokers Group by 5.8% in the fourth quarter. HM Payson & Co. now owns 2,411 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 133 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in Interactive Brokers Group by 1.3% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 11,483 shares of the financial services provider’s stock worth $738,000 after purchasing an additional 143 shares during the last quarter. Caitlin John LLC lifted its stake in Interactive Brokers Group by 0.6% during the third quarter. Caitlin John LLC now owns 25,195 shares of the financial services provider’s stock worth $1,734,000 after purchasing an additional 153 shares during the last quarter. S&CO Inc. boosted its holdings in shares of Interactive Brokers Group by 0.3% in the 4th quarter. S&CO Inc. now owns 63,080 shares of the financial services provider’s stock worth $4,056,000 after purchasing an additional 160 shares in the last quarter. Finally, Thrive Wealth Management LLC boosted its holdings in shares of Interactive Brokers Group by 1.8% in the 4th quarter. Thrive Wealth Management LLC now owns 9,112 shares of the financial services provider’s stock worth $586,000 after purchasing an additional 162 shares in the last quarter. 23.80% of the stock is owned by institutional investors.
Interactive Brokers Group Trading Up 0.9%
Shares of NASDAQ:IBKR opened at $96.82 on Tuesday. The stock’s 50-day moving average price is $84.28 and its 200-day moving average price is $74.85. Interactive Brokers Group, Inc. has a 12-month low of $49.30 and a 12-month high of $97.84. The stock has a market capitalization of $164.24 billion, a P/E ratio of 41.73, a price-to-earnings-growth ratio of 2.65 and a beta of 1.32.
Interactive Brokers Group Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, June 1st were paid a $0.0875 dividend. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. Interactive Brokers Group’s payout ratio is presently 15.09%.
Insider Buying and Selling
In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the completion of the sale, the director owned 173,482 shares in the company, valued at approximately $13,345,970.26. The trade was a 13.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. Wolfe Research began coverage on Interactive Brokers Group in a research report on Monday, June 8th. They set an “outperform” rating and a $101.00 price objective on the stock. Barclays upped their target price on Interactive Brokers Group from $85.00 to $93.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Piper Sandler increased their price target on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. 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, Zacks Research lowered shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $85.22.
About Interactive Brokers Group
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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