Cwm LLC Reduces Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Cwm LLC reduced its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 29.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 808 shares of the financial services provider’s stock after selling 343 shares during the quarter. Cwm LLC’s holdings in Interactive Brokers Group were worth $67,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in IBKR. Xponance Inc. increased its holdings in Interactive Brokers Group by 2.7% in the 4th quarter. Xponance Inc. now owns 13,125 shares of the financial services provider’s stock worth $1,088,000 after acquiring an additional 347 shares during the last quarter. AIA Group Ltd purchased a new stake in shares of Interactive Brokers Group during the 4th quarter valued at approximately $1,840,000. Rakuten Securities Inc. purchased a new position in Interactive Brokers Group in the 4th quarter valued at approximately $34,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Interactive Brokers Group by 8.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,554 shares of the financial services provider’s stock valued at $1,621,000 after acquiring an additional 1,530 shares during the period. Finally, MBM Wealth Consultants LLC lifted its position in shares of Interactive Brokers Group by 6.1% during the fourth quarter. MBM Wealth Consultants LLC now owns 5,896 shares of the financial services provider’s stock worth $533,000 after acquiring an additional 339 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

IBKR has been the subject of several recent research reports. Jefferies Financial Group lifted their price target 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. Barclays increased their price target on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. Citigroup raised their price objective on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Piper Sandler upped their target price on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Finally, Bank of America raised 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 equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $124.00.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $119.72 on Thursday. Interactive Brokers Group, Inc. has a one year low of $72.60 and a one year high of $122.88. The firm has a market capitalization of $50.41 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 1.22 and a beta of 0.81. The company’s fifty day moving average price is $112.13 and its 200-day moving average price is $95.78.

Interactive Brokers Group Increases Dividend

The company 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 an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, May 31st. This represents a $1.00 dividend on an annualized basis and a yield of 0.84%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 17.09%.

Insider Transactions at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 10,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $103.53, for a total transaction of $1,035,300.00. Following the transaction, the insider now directly owns 123,770 shares of the company’s stock, valued at approximately $12,813,908.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $103.53, for a total value of $1,035,300.00. Following the completion of the sale, the insider now owns 123,770 shares of the company’s stock, valued at $12,813,908.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now directly owns 113,770 shares of the company’s stock, valued at approximately $11,929,922.20. The disclosure for this sale can be found here. In the last three months, insiders sold 65,000 shares of company stock worth $6,613,100. 3.21% of the stock is currently owned by corporate insiders.

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.