Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stock Position Decreased by Arizona State Retirement System
Arizona State Retirement System lessened its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,409 shares of the financial services provider’s stock after selling 916 shares during the period. Arizona State Retirement System’s holdings in Interactive Brokers Group were worth $2,355,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of IBKR. JPMorgan Chase & Co. grew its position in shares of Interactive Brokers Group by 33.5% during the 1st quarter. JPMorgan Chase & Co. now owns 160,658 shares of the financial services provider’s stock valued at $10,589,000 after buying an additional 40,304 shares during the last quarter. American Century Companies Inc. grew its position in Interactive Brokers Group by 213.5% in the 1st quarter. American Century Companies Inc. now owns 13,796 shares of the financial services provider’s stock worth $909,000 after purchasing an additional 9,395 shares during the last quarter. HighTower Advisors LLC grew its position in Interactive Brokers Group by 10.7% in the 1st quarter. HighTower Advisors LLC now owns 3,966 shares of the financial services provider’s stock worth $261,000 after purchasing an additional 384 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Interactive Brokers Group by 14.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,199 shares of the financial services provider’s stock worth $278,000 after purchasing an additional 532 shares during the last quarter. Finally, Natixis Advisors L.P. bought a new position in Interactive Brokers Group in the 1st quarter worth about $699,000. Institutional investors own 23.80% of the company’s stock.
Interactive Brokers Group Price Performance
Interactive Brokers Group stock opened at $113.50 on Thursday. The firm has a 50 day simple moving average of $106.61 and a 200-day simple moving average of $91.77. The stock has a market capitalization of $47.79 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.34 and a beta of 0.83. Interactive Brokers Group, Inc. has a 12-month low of $70.83 and a 12-month high of $116.92.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last released its earnings results on Tuesday, January 16th. The financial services provider reported $1.52 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.01). Interactive Brokers Group had a net margin of 7.72% and a return on equity of 4.66%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the company earned $1.30 earnings per share. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, analysts forecast that Interactive Brokers Group, Inc. will post 6.16 earnings per share for the current fiscal year.
Interactive Brokers Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Friday, March 1st were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend was Thursday, February 29th. Interactive Brokers Group’s dividend payout ratio is presently 7.07%.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. UBS Group decreased their target price on shares of Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a research report on Tuesday, January 9th. The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and upped their target price for the stock from $88.00 to $102.00 in a research report on Tuesday, January 9th. Finally, Barclays increased their price objective on shares of Interactive Brokers Group from $117.00 to $132.00 and gave the company an “overweight” rating in a report on Monday. 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.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus target price of $112.88.
Insider Activity at Interactive Brokers Group
In related news, Vice Chairman Earl H. Nemser sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total transaction of $524,300.00. Following the completion of the sale, the insider now directly owns 113,770 shares of the company’s stock, valued at $11,929,922.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Thomas Aj Frank sold 13,189 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $87.63, for a total value of $1,155,752.07. Following the completion of the sale, the insider now owns 525,421 shares in the company, valued at approximately $46,042,642.23. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total transaction of $524,300.00. Following the completion of the sale, the insider now owns 113,770 shares of the company’s stock, valued at approximately $11,929,922.20. The disclosure for this sale can be found here. Insiders sold a total of 467,996 shares of company stock valued at $43,844,885 over the last ninety days. Insiders own 3.21% of the company’s stock.
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.
Featured Stories
Want to see what other hedge funds are holding IBKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report).
Receive News & Ratings for Interactive Brokers Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Interactive Brokers Group and related companies with MarketBeat.com’s FREE daily email newsletter.
