Interactive Brokers Group, Inc. (NASDAQ:IBKR) Holdings Decreased by California Public Employees Retirement System

California Public Employees Retirement System cut its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 193,781 shares of the financial services provider’s stock after selling 9,698 shares during the quarter. California Public Employees Retirement System’s holdings in Interactive Brokers Group were worth $34,235,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. bought a new position in shares of Interactive Brokers Group in the 4th quarter worth about $25,000. SRH Advisors LLC bought a new position in Interactive Brokers Group in the fourth quarter worth about $28,000. Versant Capital Management Inc boosted its stake in Interactive Brokers Group by 66.4% in the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 71 shares during the period. Blue Trust Inc. grew its holdings in shares of Interactive Brokers Group by 90.7% during the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 88 shares during the last quarter. Finally, Rialto Wealth Management LLC bought a new stake in shares of Interactive Brokers Group in the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on IBKR. Barclays increased 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. Keefe, Bruyette & Woods lifted their price objective on shares of 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. UBS Group upped their target price 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. StockNews.com cut Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, 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 report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average target price of $203.50.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $174.31 on Thursday. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53. The stock has a market capitalization of $73.66 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. The firm has a 50 day simple moving average of $200.34 and a 200-day simple moving average of $179.42.

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

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Jill Bright purchased 135 shares of the company’s stock in a transaction on Friday, January 31st. The shares were bought at an average price of $219.51 per share, with a total value of $29,633.85. Following the completion of the acquisition, the director now owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.99% of the stock is owned by corporate insiders.

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.