California Public Employees Retirement System Lowers Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

California Public Employees Retirement System lowered its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

Other hedge funds also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership bought a new position in Interactive Brokers Group in the fourth quarter valued at approximately $12,015,000. Maridea Wealth Management LLC acquired a new position in Interactive Brokers Group during the 4th quarter worth about $747,000. Brown Brothers Harriman & Co. lifted its stake in shares of Interactive Brokers Group by 5.2% in the fourth quarter. Brown Brothers Harriman & Co. now owns 7,807 shares of the financial services provider's stock worth $1,379,000 after acquiring an additional 386 shares during the period. DnB Asset Management AS bought a new stake in shares of Interactive Brokers Group in the 4th quarter valued at $250,000. Finally, Orion Portfolio Solutions LLC bought a new stake in Interactive Brokers Group during the fourth quarter valued at $242,000. Institutional investors own 23.80% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on IBKR. 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 note on Wednesday, January 22nd. UBS Group increased their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a report on Monday, January 27th. Barclays dropped their price target on Interactive Brokers Group from $231.00 to $188.00 and set an "overweight" rating on the stock in a report on Monday. Citigroup dropped their target price on shares of Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Finally, StockNews.com cut Interactive Brokers Group from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. One investment 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $198.13.

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Insider Activity

In other news, Director Jill Bright bought 135 shares of the company's stock in a transaction dated Friday, January 31st. The stock was bought at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the acquisition, 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 filing with the SEC, which is available at this hyperlink. Insiders own 2.99% of the company's stock.

Interactive Brokers Group Stock Performance

NASDAQ IBKR traded down $1.79 on Monday, hitting $144.29. The stock had a trading volume of 4,708,098 shares, compared to its average volume of 1,272,259. The company has a market capitalization of $60.97 billion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02. Interactive Brokers Group, Inc. has a 52-week low of $103.69 and a 52-week high of $236.53. The firm has a 50-day moving average of $196.71 and a 200-day moving average of $180.17.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 9.25% and a return on equity of 5.00%. Interactive Brokers Group's revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.52 earnings per share. As a group, research analysts anticipate 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. Stockholders of record on Friday, February 28th were paid a $0.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.69%. Interactive Brokers Group's dividend payout ratio (DPR) is 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.