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

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

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Donoghue Forlines LLC acquired a new stake in shares of Interactive Brokers Group in the 4th quarter worth $2,088,000. Union Bancaire Privee UBP SA purchased a new position in Interactive Brokers Group during the fourth quarter worth about $3,750,000. Friedenthal Financial acquired a new stake in Interactive Brokers Group in the fourth quarter valued at about $775,000. New Millennium Group LLC purchased a new stake in Interactive Brokers Group in the 4th quarter valued at approximately $2,319,000. Finally, Caldwell Investment Management Ltd. acquired a new position in Interactive Brokers Group during the 4th quarter worth approximately $1,215,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Jill Bright purchased 135 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were acquired 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 of the company’s stock, 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 this hyperlink. 2.99% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods increased their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. The Goldman Sachs Group lifted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Barclays boosted their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Piper Sandler restated an “overweight” rating and issued a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Finally, UBS Group boosted their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $204.13.

Interactive Brokers Group Trading Down 1.4 %

Shares of IBKR opened at $173.36 on Monday. Interactive Brokers Group, Inc. has a 52 week low of $103.69 and a 52 week high of $236.53. The firm has a market cap of $73.26 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 1.59 and a beta of 0.99. The stock has a 50 day moving average of $203.19 and a 200-day moving average of $177.09.

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. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the company posted $1.52 earnings per share. The firm’s revenue was up 21.8% on a year-over-year basis. On average, sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis 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 is presently 14.16%.

About Interactive Brokers Group

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.