New Mexico Educational Retirement Board Increases Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

New Mexico Educational Retirement Board increased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,228 shares of the financial services provider's stock after purchasing an additional 1,168 shares during the quarter. New Mexico Educational Retirement Board's holdings in Interactive Brokers Group were worth $3,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Contravisory Investment Management Inc. bought a new position in shares of Interactive Brokers Group during the 4th quarter valued at $25,000. SRH Advisors LLC purchased a new position in Interactive Brokers Group in the fourth quarter worth about $28,000. Versant Capital Management Inc increased its position in shares of Interactive Brokers Group by 66.4% during the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 71 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Interactive Brokers Group by 90.7% in the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock worth $33,000 after purchasing an additional 88 shares during the period. Finally, Harbor Investment Advisory LLC boosted its holdings in shares of Interactive Brokers Group by 100.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider's stock worth $35,000 after buying an additional 100 shares during the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Trading Down 1.2 %

IBKR traded down $2.88 during trading on Wednesday, hitting $232.65. 1,393,225 shares of the company traded hands, compared to its average volume of 1,735,693. The company has a market cap of $98.30 billion, a PE ratio of 32.95, a P/E/G ratio of 1.65 and a beta of 0.89. The stock's 50-day simple moving average is $199.69 and its two-hundred day simple moving average is $166.23. Interactive Brokers Group, Inc. has a 1 year low of $102.27 and a 1 year high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.22. The company had revenue of $1.39 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.52 earnings per share. Equities analysts expect that Interactive Brokers Group, Inc. will post 7.45 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend 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 dividend payout ratio is presently 14.16%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. UBS Group lifted their price target 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. The Goldman Sachs Group raised 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. Piper Sandler reissued 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. Citigroup lifted their price target on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a "buy" rating in a report on Friday, January 10th. Finally, Barclays lifted their target price on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $204.13.

Insider Buying and Selling

In other news, Director Jill Bright acquired 135 shares of Interactive Brokers Group stock in a transaction on Friday, January 31st. The shares were bought at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now directly owns 2,476 shares of the company's stock, 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 SEC, which is available at this hyperlink. 3.21% of the stock is currently owned by corporate insiders.

Interactive Brokers Group 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.