Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Purchased by Cumberland Partners Ltd

Cumberland Partners Ltd boosted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 62.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 32,500 shares of the financial services provider’s stock after acquiring an additional 12,500 shares during the quarter. Cumberland Partners Ltd’s holdings in Interactive Brokers Group were worth $2,694,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of IBKR. Contravisory Investment Management Inc. acquired a new stake in shares of Interactive Brokers Group in the 4th quarter worth $25,000. Rakuten Securities Inc. acquired a new position in Interactive Brokers Group during the 4th quarter worth approximately $34,000. Headlands Technologies LLC purchased a new position in shares of Interactive Brokers Group during the 3rd quarter worth approximately $40,000. Asset Management One Co. Ltd. lifted its holdings in shares of Interactive Brokers Group by 22.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 744 shares of the financial services provider’s stock valued at $62,000 after buying an additional 135 shares during the period. Finally, IFP Advisors Inc lifted its holdings in Interactive Brokers Group by 1,672.9% in the third quarter. IFP Advisors Inc now owns 851 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 803 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 74,218 shares of Interactive Brokers Group stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $96.29, for a total value of $7,146,451.22. Following the completion of the sale, the insider now owns 234,552 shares in the company, valued at approximately $22,585,012.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Vice Chairman Earl H. Nemser sold 74,218 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $96.29, for a total transaction of $7,146,451.22. Following the completion of the sale, the insider now directly owns 234,552 shares of the company’s stock, valued at approximately $22,585,012.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Earl H. Nemser sold 25,782 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $95.71, for a total value of $2,467,595.22. Following the sale, the insider now owns 208,770 shares of the company’s stock, valued at $19,981,376.70. The disclosure for this sale can be found here. Insiders have sold 378,583 shares of company stock worth $35,841,476 over the last quarter. 3.21% of the stock is currently owned by insiders.

Interactive Brokers Group Stock Up 1.4 %

Shares of IBKR traded up $1.57 on Tuesday, hitting $114.69. 1,041,136 shares of the stock traded hands, compared to its average volume of 1,183,475. Interactive Brokers Group, Inc. has a 1 year low of $70.83 and a 1 year high of $116.92. The stock’s 50 day moving average is $109.33 and its two-hundred day moving average is $93.30. The firm has a market capitalization of $48.29 billion, a P/E ratio of 19.61, a P/E/G ratio of 1.13 and a beta of 0.83.

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 paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, May 31st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.10. Interactive Brokers Group’s dividend payout ratio is currently 6.84%.

Analyst Upgrades and Downgrades

IBKR has been the topic of several recent analyst reports. Citigroup upped their target price on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Barclays raised their price target on Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $88.00 to $102.00 in a research report on Tuesday, January 9th. Jefferies Financial Group lifted their target price on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Finally, Bank of America upped their price target on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.

Interactive Brokers Group Company 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.