Principal Financial Group Inc. Trims Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Principal Financial Group Inc. trimmed its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 361,631 shares of the financial services provider's stock after selling 4,573 shares during the quarter. Principal Financial Group Inc. owned about 0.09% of Interactive Brokers Group worth $63,889,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. State of New Jersey Common Pension Fund D lifted its holdings in Interactive Brokers Group by 5.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 38,583 shares of the financial services provider's stock valued at $6,816,000 after acquiring an additional 2,042 shares during the last quarter. Roxbury Financial LLC acquired a new position in shares of Interactive Brokers Group in the 4th quarter valued at $202,000. PUREfi Wealth LLC acquired a new stake in shares of Interactive Brokers Group during the 4th quarter worth about $211,000. New Mexico Educational Retirement Board increased its position in shares of Interactive Brokers Group by 5.5% during the 4th quarter. New Mexico Educational Retirement Board now owns 22,228 shares of the financial services provider's stock worth $3,927,000 after purchasing an additional 1,168 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in Interactive Brokers Group by 90.7% in the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock valued at $33,000 after buying an additional 88 shares during the period. Hedge funds and other institutional investors own 23.80% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on IBKR shares. Piper Sandler reiterated an "overweight" rating and set 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 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 report on Monday, January 13th. UBS Group boosted their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a research report on Monday, January 27th. The Goldman Sachs Group upped their price target 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. Finally, Citigroup lifted their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the company a "buy" rating in a research note on Friday, January 10th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $204.13.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of the business's 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 completion of the purchase, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.21% of the stock is owned by corporate insiders.

Interactive Brokers Group Stock Down 3.5 %

IBKR stock traded down $7.90 during midday trading on Friday, hitting $218.10. The company's stock had a trading volume of 1,014,635 shares, compared to its average volume of 1,730,130. Interactive Brokers Group, Inc. has a 52-week low of $103.69 and a 52-week high of $236.53. The firm has a 50-day simple moving average of $200.60 and a 200-day simple moving average of $166.65. The firm has a market capitalization of $92.15 billion, a P/E ratio of 30.89, a PEG ratio of 1.63 and a beta of 0.89.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.81 by $0.22. The firm had revenue of $1.39 billion during 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%. Interactive Brokers Group's revenue was up 21.8% compared to the same quarter last year. During the same period last year, the business posted $1.52 earnings per share. On average, sell-side analysts expect 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 will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.46%. Interactive Brokers Group's dividend payout ratio (DPR) is 14.16%.

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.