Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,470 shares of the financial services provider’s stock after selling 1,700 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Interactive Brokers Group were worth $2,775,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of IBKR. QRG Capital Management Inc. acquired a new position in Interactive Brokers Group during the 3rd quarter worth about $341,000. Envestnet Portfolio Solutions Inc. acquired a new stake in Interactive Brokers Group in the 3rd quarter valued at about $779,000. Envestnet Asset Management Inc. raised its position in Interactive Brokers Group by 6.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 280,808 shares of the financial services provider’s stock valued at $24,307,000 after purchasing an additional 17,969 shares in the last quarter. FMR LLC raised its position 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 valued at $153,517,000 after purchasing an additional 1,204,573 shares in the last quarter. Finally, WINTON GROUP Ltd raised its position in Interactive Brokers Group by 24.4% in the 3rd quarter. WINTON GROUP Ltd now owns 4,109 shares of the financial services provider’s stock valued at $356,000 after purchasing an additional 805 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

IBKR has been the topic of a number of analyst reports. Jefferies Financial Group increased 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. Bank of America increased their price target on Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Piper Sandler increased their price target on Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Barclays increased 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. Finally, Citigroup raised 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. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.

Interactive Brokers Group Stock Down 1.1 %

NASDAQ:IBKR opened at $119.74 on Thursday. The stock’s 50 day moving average price is $120.21 and its 200 day moving average price is $104.98. The company has a market capitalization of $50.42 billion, a PE ratio of 20.47, a P/E/G ratio of 1.21 and a beta of 0.82. Interactive Brokers Group, Inc. has a 52-week low of $72.60 and a 52-week high of $129.19.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.01. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. Interactive Brokers Group had a return on equity of 4.72% and a net margin of 7.62%. As a group, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 6.59 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Friday, May 31st. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 17.09%.

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.