Interactive Brokers Group, Inc. (NASDAQ:IBKR) Holdings Reduced by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 43.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,670 shares of the financial services provider’s stock after selling 24,505 shares during the quarter. Teacher Retirement System of Texas’ holdings in Interactive Brokers Group were worth $5,595,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new stake in Interactive Brokers Group in the 4th quarter valued at approximately $25,000. SRH Advisors LLC acquired a new position in shares of Interactive Brokers Group during the fourth quarter valued at $28,000. Versant Capital Management Inc raised its stake in shares of Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 71 shares in the last quarter. Blue Trust Inc. lifted its holdings in Interactive Brokers Group by 90.7% in the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 88 shares during the period. Finally, Rialto Wealth Management LLC bought a new position in Interactive Brokers Group in the 4th quarter valued at about $33,000. Institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on IBKR shares. Barclays upped their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Piper Sandler restated an “overweight” rating and issued a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday, January 13th. StockNews.com downgraded Interactive Brokers Group from a “hold” rating to a “sell” rating in a research note on Monday, March 17th. Finally, The Goldman Sachs Group raised their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $204.13.

Interactive Brokers Group Stock Down 1.4 %

IBKR opened at $173.36 on Monday. The firm has a market cap of $73.26 billion, a PE ratio of 24.56, a P/E/G ratio of 1.59 and a beta of 0.99. The business has a fifty day simple moving average of $203.19 and a 200-day simple moving average of $177.09. Interactive Brokers Group, Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. Interactive Brokers Group’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter last year, the company posted $1.52 EPS. On average, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.16%.

Insider Activity

In other news, Director Jill Bright acquired 135 shares of the stock in a transaction on Friday, January 31st. The shares were purchased at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the transaction, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.99% of the stock is owned by company 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.