Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,583 shares of the financial services provider's stock after purchasing an additional 2,042 shares during the period. State of New Jersey Common Pension Fund D's holdings in Interactive Brokers Group were worth $6,816,000 at the end of the most recent quarter.

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

Insider Activity at Interactive Brokers Group

In other news, Director Jill Bright acquired 135 shares of the firm's stock in a transaction dated Friday, January 31st. The stock was acquired at an average cost of $219.51 per share, with a total value of $29,633.85. Following the completion of the acquisition, the director now owns 2,476 shares of the company's stock, valued at $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.21% of the company's stock.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock traded down $7.32 on Friday, reaching $218.68. 2,100,905 shares of the company were exchanged, compared to its average volume of 1,764,461. The stock's 50 day moving average price is $200.60 and its 200-day moving average price is $166.65. The company has a market cap of $92.40 billion, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 1.63 and a beta of 0.89. Interactive Brokers Group, Inc. has a 1-year low of $103.69 and a 1-year high of $236.53.

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

Interactive Brokers Group Dividend Announcement

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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group's payout ratio is 14.16%.

Analyst Ratings Changes

Several brokerages recently weighed in on IBKR. Barclays lifted their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the company an "overweight" rating in a research note 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. Piper Sandler reissued an "overweight" rating and issued a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Citigroup raised their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Finally, UBS Group boosted their price target on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus 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.