Corebridge Financial Inc. Sells 5,502 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Corebridge Financial Inc. lowered its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 123,177 shares of the financial services provider's stock after selling 5,502 shares during the period. Corebridge Financial Inc.'s holdings in Interactive Brokers Group were worth $21,762,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Contravisory Investment Management Inc. purchased a new stake in shares of Interactive Brokers Group during the 4th quarter valued at about $25,000. SRH Advisors LLC purchased a new stake in Interactive Brokers Group during the fourth quarter valued at approximately $28,000. Versant Capital Management Inc raised its position 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 worth $31,000 after acquiring an additional 71 shares during the period. Blue Trust Inc. boosted its stake in shares of Interactive Brokers Group by 90.7% during the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock worth $33,000 after acquiring an additional 88 shares during the last quarter. Finally, Rialto Wealth Management LLC bought a new stake in shares of Interactive Brokers Group during the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 23.80% of the company's stock.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average cost of $219.51 per share, with a total value of $29,633.85. Following the purchase, the director now owns 2,476 shares of the company's stock, valued at approximately $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.99% of the company's stock.

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Wall Street Analysts Forecast Growth

IBKR has been the topic of a number of recent research reports. Piper Sandler reaffirmed an "overweight" rating and issued a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Barclays lifted their price objective 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. Citigroup increased their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a "buy" rating in a report on Friday, January 10th. UBS Group lifted their price target 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. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a "market perform" rating in a research note on Monday, January 13th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $204.13.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR traded down $4.28 during trading on Friday, hitting $164.72. The company had a trading volume of 2,372,708 shares, compared to its average volume of 1,235,632. The stock has a market cap of $69.61 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. The company has a fifty day simple moving average of $201.93 and a two-hundred day simple moving average of $178.45. Interactive Brokers Group, Inc. has a one year low of $103.69 and a one year high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 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 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 quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.52 earnings per share. On average, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.61%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group's payout ratio is currently 14.16%.

Interactive Brokers Group Company 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.