Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System trimmed its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,635 shares of the financial services provider’s stock after selling 293 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Interactive Brokers Group were worth $996,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in Interactive Brokers Group by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider’s stock worth $559,821,000 after purchasing an additional 11,379 shares in the last quarter. Cantillon Capital Management LLC lifted its stake in Interactive Brokers Group by 0.5% during the fourth quarter. Cantillon Capital Management LLC now owns 3,395,690 shares of the financial services provider’s stock valued at $599,917,000 after buying an additional 18,047 shares in the last quarter. State Street Corp boosted its holdings in shares of Interactive Brokers Group by 1.7% in the third quarter. State Street Corp now owns 3,222,135 shares of the financial services provider’s stock worth $449,037,000 after buying an additional 52,911 shares during the period. Geode Capital Management LLC increased its position in shares of Interactive Brokers Group by 5.4% in the third quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider’s stock worth $287,921,000 after acquiring an additional 106,392 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Interactive Brokers Group by 12.2% during the third quarter. FMR LLC now owns 1,094,598 shares of the financial services provider’s stock valued at $152,543,000 after acquiring an additional 119,187 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Interactive Brokers Group

In related news, Director Jill Bright bought 135 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.99% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

IBKR has been the subject of a number of recent analyst reports. Barclays raised their price objective 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. The Goldman Sachs Group lifted their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Piper Sandler reissued an “overweight” rating and issued a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their target price on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. Finally, StockNews.com lowered shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Monday, March 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.13.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $173.36 on Monday. Interactive Brokers Group, Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $236.53. The stock’s 50-day moving average is $203.19 and its two-hundred day moving average is $177.09. The firm has a market cap of $73.26 billion, a P/E ratio of 24.56, a PEG ratio of 1.59 and a beta of 0.99.

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

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

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.