Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Bought by Arizona State Retirement System

Arizona State Retirement System increased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,569 shares of the financial services provider's stock after acquiring an additional 2,269 shares during the period. Arizona State Retirement System's holdings in Interactive Brokers Group were worth $5,577,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. purchased a new position in Interactive Brokers Group during the third quarter worth approximately $83,630,000. Waverton Investment Management Ltd purchased a new position in Interactive Brokers Group during the third quarter worth approximately $26,946,000. Lord Abbett & CO. LLC purchased a new position in Interactive Brokers Group during the third quarter worth approximately $25,085,000. Bamco Inc. NY boosted its position in Interactive Brokers Group by 16.3% during the third quarter. Bamco Inc. NY now owns 912,608 shares of the financial services provider's stock worth $127,181,000 after purchasing an additional 127,640 shares in the last quarter. Finally, Progeny 3 Inc. purchased a new position in Interactive Brokers Group during the third quarter worth approximately $17,699,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of the firm's stock in a transaction on Friday, January 31st. The stock was bought at an average cost of $219.51 per share, with a total value of $29,633.85. Following the acquisition, the director now directly 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 can be accessed through this link. 3.21% of the stock is owned by insiders.

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Interactive Brokers Group Trading Up 1.3 %

IBKR stock traded up $2.47 during midday trading on Friday, hitting $192.17. 3,297,235 shares of the company's stock were exchanged, compared to its average volume of 2,023,756. The business has a 50-day simple moving average of $205.88 and a two-hundred day simple moving average of $173.57. The stock has a market capitalization of $81.20 billion, a PE ratio of 27.22, a P/E/G ratio of 1.59 and a beta of 0.99. Interactive Brokers Group, Inc. has a 1-year low of $103.69 and a 1-year high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.22. The company had revenue of $1.39 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.52 earnings per share. As a group, research analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.52%. Interactive Brokers Group's dividend payout ratio (DPR) is 14.16%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on IBKR shares. Citigroup raised their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the company a "buy" rating in a research report on Friday, January 10th. 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 report on Tuesday, December 3rd. Piper Sandler restated an "overweight" rating and issued a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their target price 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. Finally, Barclays raised their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $204.13.

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.