6,610 Shares in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Purchased by Everpar Advisors LLC

Everpar Advisors LLC acquired a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the fourth quarter, Holdings Channel.com reports. The fund acquired 6,610 shares of the financial services provider’s stock, valued at approximately $548,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC increased its stake in Interactive Brokers Group by 211.7% in the 3rd quarter. FMR LLC now owns 1,773,533 shares of the financial services provider’s stock worth $153,517,000 after acquiring an additional 1,204,573 shares during the last quarter. Invesco Ltd. increased its position in shares of Interactive Brokers Group by 234.6% in the third quarter. Invesco Ltd. now owns 567,283 shares of the financial services provider’s stock worth $49,104,000 after purchasing an additional 397,729 shares during the last quarter. Vanguard Group Inc. raised 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 valued at $828,105,000 after purchasing an additional 308,236 shares in the last quarter. Polar Capital Holdings Plc bought a new stake in Interactive Brokers Group during the third quarter valued at approximately $18,025,000. Finally, Greenwich Wealth Management LLC grew its stake in Interactive Brokers Group by 6.5% in the 3rd quarter. Greenwich Wealth Management LLC now owns 3,117,859 shares of the financial services provider’s stock worth $269,882,000 after buying an additional 189,555 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on IBKR shares. UBS Group cut their target price on shares of Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a research report on Tuesday, January 9th. Jefferies Financial Group increased their price objective on Interactive Brokers Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Citigroup boosted their target price on Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Bank of America lifted their price target on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Finally, Barclays upped 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 note on Wednesday, April 17th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $124.00.

Interactive Brokers Group Stock Down 1.2 %

Shares of NASDAQ:IBKR traded down $1.47 during midday trading on Tuesday, hitting $120.54. 934,640 shares of the stock traded hands, compared to its average volume of 1,161,768. The business’s 50 day moving average is $111.91 and its two-hundred day moving average is $95.62. The stock has a market capitalization of $50.75 billion, a PE ratio of 20.61, a P/E/G 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.

Interactive Brokers Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.25 per share. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.00 dividend on an annualized basis and a yield of 0.83%. Interactive Brokers Group’s dividend payout ratio is presently 6.84%.

Insiders Place Their Bets

In other news, Vice Chairman Earl H. Nemser sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $101.07, for a total transaction of $5,053,500.00. Following the transaction, the insider now directly owns 158,770 shares of the company’s stock, valued at $16,046,883.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total value of $524,300.00. Following the completion of the sale, the insider now directly owns 113,770 shares in the company, valued at $11,929,922.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Earl H. Nemser sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $101.07, for a total transaction of $5,053,500.00. Following the completion of the sale, the insider now owns 158,770 shares in the company, valued at approximately $16,046,883.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,000 shares of company stock worth $6,613,100. 3.21% of the stock is currently owned by company insiders.

Interactive Brokers Group 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.