Mitsubishi UFJ Trust & Banking Corp Sells 3,909 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 69.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,687 shares of the financial services provider's stock after selling 3,909 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Interactive Brokers Group were worth $298,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in Interactive Brokers Group in the 4th quarter valued at $120,046,000. Twin Tree Management LP grew its holdings in shares of Interactive Brokers Group by 492.8% in the 4th quarter. Twin Tree Management LP now owns 227,144 shares of the financial services provider's stock worth $40,130,000 after purchasing an additional 188,827 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Interactive Brokers Group during the 3rd quarter worth about $25,085,000. Amundi lifted its holdings in Interactive Brokers Group by 748.1% during the 4th quarter. Amundi now owns 141,097 shares of the financial services provider's stock valued at $26,934,000 after purchasing an additional 124,461 shares during the last quarter. Finally, FMR LLC boosted its position in Interactive Brokers Group by 12.2% in the third quarter. FMR LLC now owns 1,094,598 shares of the financial services provider's stock valued at $152,543,000 after buying an additional 119,187 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

Interactive Brokers Group Stock Performance

IBKR traded down $1.79 during trading on Monday, reaching $144.29. 4,708,098 shares of the company's stock were exchanged, compared to its average volume of 1,272,259. The company's fifty day moving average price is $196.71 and its 200-day moving average price is $180.17. The firm has a market capitalization of $60.97 billion, a PE ratio of 20.44, a P/E/G ratio of 1.59 and a beta of 1.02. Interactive Brokers Group, Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $236.53.

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Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.22. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company's quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.52 earnings per share. Research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently announced 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 0.69%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group's payout ratio is presently 14.16%.

Analyst Upgrades and Downgrades

IBKR has been the subject of a number of research analyst reports. Piper Sandler reiterated an "overweight" rating and issued a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. StockNews.com downgraded Interactive Brokers Group from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. Citigroup decreased their target price on Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Barclays reduced their price target on shares of Interactive Brokers Group from $231.00 to $188.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, Keefe, Bruyette & Woods raised their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $198.13.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of the company's stock in a transaction dated 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 completion of the transaction, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.99% of the company's stock.

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.