Fullerton Fund Management Co Ltd. reduced its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 85.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,919 shares of the financial services provider’s stock after selling 28,308 shares during the quarter. Fullerton Fund Management Co Ltd.’s holdings in Interactive Brokers Group were worth $316,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of IBKR. AQR Capital Management LLC boosted its position in shares of Interactive Brokers Group by 24.7% in the first quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider’s stock valued at $2,269,000 after acquiring an additional 2,713 shares during the period. Brown Advisory Inc. boosted its position in shares of Interactive Brokers Group by 307.9% in the second quarter. Brown Advisory Inc. now owns 14,497 shares of the financial services provider’s stock valued at $803,000 after acquiring an additional 10,943 shares during the period. Cerity Partners LLC bought a new position in shares of Interactive Brokers Group in the second quarter valued at approximately $318,000. Daiwa Securities Group Inc. boosted its position in shares of Interactive Brokers Group by 291.2% in the second quarter. Daiwa Securities Group Inc. now owns 35,600 shares of the financial services provider’s stock valued at $1,973,000 after acquiring an additional 26,500 shares during the period. Finally, AXA S.A. boosted its position in shares of Interactive Brokers Group by 128.1% in the second quarter. AXA S.A. now owns 12,816 shares of the financial services provider’s stock valued at $710,000 after acquiring an additional 7,197 shares during the period. 23.80% of the stock is currently owned by institutional investors.
Interactive Brokers Group Stock Up 0.4%
Shares of NASDAQ IBKR opened at $93.10 on Wednesday. Interactive Brokers Group, Inc. has a 52 week low of $49.30 and a 52 week high of $94.73. The firm’s fifty day moving average is $82.22 and its 200 day moving average is $73.95. The company has a market cap of $157.93 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 2.56 and a beta of 1.32.
Interactive Brokers Group Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Monday, June 1st were paid a $0.0875 dividend. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. Interactive Brokers Group’s payout ratio is presently 15.09%.
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 value of $2,000,180.00. Following the transaction, the director directly owned 173,482 shares of the company’s stock, valued at $13,345,970.26. The trade was a 13.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.80% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on IBKR shares. Keefe, Bruyette & Woods started coverage on shares of Interactive Brokers Group in a research report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 target price for the company. Zacks Research lowered shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. The Goldman Sachs Group set a $98.00 target price on shares of Interactive Brokers Group in a research report on Friday, May 1st. Piper Sandler lifted their target price 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. Finally, Wolfe Research started coverage on shares of Interactive Brokers Group in a research report on Monday, June 8th. They set an “outperform” rating and a $101.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.22.
Get Our Latest Stock Analysis on IBKR
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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