Vestcor Inc Sells 3,401 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Vestcor Inc lowered its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 21.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,585 shares of the financial services provider's stock after selling 3,401 shares during the period. Vestcor Inc's holdings in Interactive Brokers Group were worth $2,223,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBKR. KG&L Capital Management LLC raised its holdings in shares of Interactive Brokers Group by 2.5% during the 4th quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider's stock valued at $428,000 after purchasing an additional 60 shares in the last quarter. Townsquare Capital LLC raised its position in shares of Interactive Brokers Group by 1.2% in the third quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider's stock valued at $760,000 after purchasing an additional 67 shares during the period. TD Private Client Wealth LLC raised its position in shares of Interactive Brokers Group by 0.3% in the third quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider's stock valued at $2,759,000 after purchasing an additional 69 shares during the period. Versant Capital Management Inc lifted its stake in shares of Interactive Brokers Group by 66.4% in the fourth 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. Finally, Lebenthal Global Advisors LLC grew its stake in Interactive Brokers Group by 1.1% in the 4th quarter. Lebenthal Global Advisors LLC now owns 7,187 shares of the financial services provider's stock valued at $1,270,000 after buying an additional 78 shares during the last quarter. Institutional investors own 23.80% of the company's stock.

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Insider Buying and Selling

In related news, Director Jill Bright acquired 135 shares of the firm's stock in a transaction on Friday, January 31st. The shares were purchased at an average price of $219.51 per share, with a total value of $29,633.85. Following the acquisition, the director now directly owns 2,476 shares in the company, valued at $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 2.99% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. 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 report on Tuesday, December 3rd. StockNews.com downgraded shares of Interactive Brokers Group from a "hold" rating to a "sell" rating in a report on Monday. Piper Sandler restated an "overweight" rating and set a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a report on Monday, January 13th. Finally, Citigroup lifted their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a "buy" rating in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $204.13.

Interactive Brokers Group Stock Up 3.2 %

NASDAQ:IBKR traded up $5.46 during trading hours on Wednesday, reaching $178.15. The company had a trading volume of 1,628,590 shares, compared to its average volume of 1,158,587. The stock has a 50-day moving average of $203.99 and a two-hundred day moving average of $176.07. Interactive Brokers Group, Inc. has a one year low of $103.69 and a one year high of $236.53. The firm has a market capitalization of $75.28 billion, a PE ratio of 25.23, a PEG ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its 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 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 firm's quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.52 EPS. As a group, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group's payout ratio is currently 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.