Sumitomo Mitsui Trust Group Inc. Has $77.94 Million Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Sumitomo Mitsui Trust Group Inc. decreased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 26.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 441,176 shares of the financial services provider's stock after selling 158,928 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.10% of Interactive Brokers Group worth $77,943,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in IBKR. Bleakley Financial Group LLC bought a new position in shares of Interactive Brokers Group in the fourth quarter valued at $244,000. Meadow Creek Wealth Advisors LLC bought a new stake in shares of Interactive Brokers Group in the 4th quarter valued at about $232,000. Choreo LLC lifted its stake in Interactive Brokers Group by 12.9% in the 4th quarter. Choreo LLC now owns 1,668 shares of the financial services provider's stock valued at $299,000 after purchasing an additional 190 shares during the last quarter. Yorktown Management & Research Co Inc bought a new position in Interactive Brokers Group during the fourth quarter worth about $548,000. Finally, Stratos Investment Management LLC acquired a new position in Interactive Brokers Group during the fourth quarter worth approximately $225,000. Institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock traded up $4.65 during midday trading on Thursday, hitting $234.85. The company's stock had a trading volume of 1,921,264 shares, compared to its average volume of 1,769,046. The company has a market cap of $99.23 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 1.62 and a beta of 0.89. Interactive Brokers Group, Inc. has a 1-year low of $100.79 and a 1-year high of $235.86. The company has a 50-day moving average price of $195.44 and a two-hundred day moving average price of $162.67.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating analysts' consensus estimates of $1.81 by $0.22. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm's quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.52 earnings per share. Sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.39 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. Interactive Brokers Group's payout ratio is 14.16%.

Insider Activity

In other news, Director Jill Bright purchased 135 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 3.21% of the company's stock.

Analyst Ratings Changes

IBKR has been the subject of a number of recent analyst reports. Piper Sandler reaffirmed an "overweight" rating and issued a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. UBS Group raised their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a report on Monday, January 27th. Barclays upped their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. The Goldman Sachs Group raised their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods upped their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a research note on Monday, January 13th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.