5,987 Shares in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Bought by Sapient Capital LLC

Sapient Capital LLC acquired a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,987 shares of the financial services provider’s stock, valued at approximately $496,000.

Several other institutional investors and hedge funds have also modified their holdings of IBKR. Commonwealth Equity Services LLC raised its position in Interactive Brokers Group by 2.1% in the third quarter. Commonwealth Equity Services LLC now owns 6,381 shares of the financial services provider’s stock valued at $552,000 after purchasing an additional 133 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of Interactive Brokers Group during the third quarter worth about $257,000. Xponance Inc. raised its position in shares of Interactive Brokers Group by 2.8% during the third quarter. Xponance Inc. now owns 12,778 shares of the financial services provider’s stock worth $1,106,000 after acquiring an additional 349 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Interactive Brokers Group by 6.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 70,458 shares of the financial services provider’s stock worth $6,099,000 after acquiring an additional 3,986 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Interactive Brokers Group by 1.2% during the third quarter. Bank of New York Mellon Corp now owns 985,585 shares of the financial services provider’s stock worth $85,312,000 after acquiring an additional 11,333 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Vice Chairman Earl H. Nemser sold 50,000 shares of Interactive Brokers Group stock in a transaction 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 transaction, the insider now directly owns 158,770 shares in the company, valued at $16,046,883.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Vice Chairman Earl H. Nemser sold 50,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 158,770 shares in the company, valued at $16,046,883.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total value of $524,300.00. Following the completion of the transaction, the insider now owns 113,770 shares of the company’s stock, valued at $11,929,922.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,000 shares of company stock worth $6,613,100. 3.21% of the stock is owned by corporate insiders.

Interactive Brokers Group Price Performance

Shares of IBKR opened at $120.12 on Monday. The firm has a market cap of $50.57 billion, a PE ratio of 20.53, a PEG ratio of 1.22 and a beta of 0.81. Interactive Brokers Group, Inc. has a 1 year low of $70.83 and a 1 year high of $120.39. The stock’s fifty day moving average price is $111.36 and its two-hundred day moving average price is $95.04.

Interactive Brokers Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a $0.25 dividend. The ex-dividend date is Friday, May 31st. 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%. Interactive Brokers Group’s payout ratio is 6.84%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on IBKR shares. Jefferies Financial Group raised their target price on Interactive Brokers Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Bank of America raised their target price 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. Barclays lifted their price target on Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. Piper Sandler boosted their target price on Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Finally, The Goldman Sachs Group upgraded Interactive Brokers Group from a “neutral” rating to a “buy” rating and boosted their target price for the company from $88.00 to $102.00 in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and an average price target of $124.00.

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.