Teacher Retirement System of Texas Reduces Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Teacher Retirement System of Texas decreased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 43.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,670 shares of the financial services provider's stock after selling 24,505 shares during the quarter. 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 have also recently modified their holdings of the company. Trivest Advisors Ltd raised its holdings in shares of Interactive Brokers Group by 61.7% during the fourth quarter. Trivest Advisors Ltd now owns 182,080 shares of the financial services provider's stock valued at $32,168,000 after acquiring an additional 69,480 shares during the last quarter. Harvest Fund Management Co. Ltd raised its stake in Interactive Brokers Group by 233.6% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 5,368 shares of the financial services provider's stock valued at $942,000 after purchasing an additional 3,759 shares during the last quarter. Wulff Hansen & CO. lifted its holdings in Interactive Brokers Group by 40.5% in the 4th quarter. Wulff Hansen & CO. now owns 2,100 shares of the financial services provider's stock valued at $371,000 after purchasing an additional 605 shares in the last quarter. Xponance Inc. boosted its stake in Interactive Brokers Group by 6.9% during the 4th quarter. Xponance Inc. now owns 12,731 shares of the financial services provider's stock worth $2,249,000 after purchasing an additional 817 shares during the last quarter. Finally, Intech Investment Management LLC grew its holdings in shares of Interactive Brokers Group by 53.8% during the fourth quarter. Intech Investment Management LLC now owns 50,010 shares of the financial services provider's stock worth $8,835,000 after buying an additional 17,499 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

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Insider Buying and Selling

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of Interactive Brokers Group 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 purchase, the director now directly owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.99% of the stock is currently owned by insiders.

Interactive Brokers Group Stock Down 2.8 %

IBKR stock traded down $4.94 during mid-day trading on Thursday, hitting $169.00. 3,303,418 shares of the company were exchanged, compared to its average volume of 1,197,788. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53. The firm has a market capitalization of $71.42 billion, a P/E ratio of 23.94, a PEG ratio of 1.59 and a beta of 0.99. The business has a fifty day simple moving average of $202.82 and a 200-day simple moving average of $177.84.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings data 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. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.37 billion. During the same period in the previous year, the company earned $1.52 EPS. The company's revenue for the quarter was up 21.8% on a year-over-year basis. Research analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group's dividend payout ratio (DPR) is 14.16%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on IBKR. Citigroup raised their price target on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. UBS Group raised 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 note on Monday, January 27th. Piper Sandler restated an "overweight" rating and issued a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a "market perform" rating in a research report on Monday, January 13th. Finally, The Goldman Sachs Group boosted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Interactive Brokers Group has a consensus rating of "Moderate Buy" and an average price target of $204.13.

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.