Teacher Retirement System of Texas Sells 15,640 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)
Teacher Retirement System of Texas lessened its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 38.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,984 shares of the financial services provider’s stock after selling 15,640 shares during the quarter. Teacher Retirement System of Texas’ holdings in Interactive Brokers Group were worth $2,071,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. AIA Group Ltd bought a new stake in shares of Interactive Brokers Group in the 4th quarter worth about $1,840,000. International Assets Investment Management LLC bought a new stake in shares of Interactive Brokers Group in the 4th quarter worth about $7,841,000. Darwin Wealth Management LLC bought a new stake in shares of Interactive Brokers Group in the 3rd quarter worth about $1,775,000. Lecap Asset Management Ltd. bought a new stake in shares of Interactive Brokers Group in the 4th quarter worth about $1,910,000. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of Interactive Brokers Group by 93.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 35,170 shares of the financial services provider’s stock worth $3,044,000 after purchasing an additional 16,996 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.
Insider Buying and Selling
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 stock was 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 approximately $11,929,922.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.21% of the stock is owned by company insiders.
Interactive Brokers Group Price Performance
Shares of NASDAQ:IBKR opened at $121.82 on Friday. The company has a market capitalization of $51.30 billion, a price-to-earnings ratio of 20.82, a P/E/G ratio of 1.23 and a beta of 0.81. The firm’s 50 day simple moving average is $113.45 and its 200 day simple moving average is $97.38. Interactive Brokers Group, Inc. has a fifty-two week low of $72.60 and a fifty-two week high of $122.88.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last announced its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.01. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. Interactive Brokers Group had a net margin of 7.62% and a return on equity of 4.72%. Equities research analysts expect that Interactive Brokers Group, Inc. will post 6.49 earnings per share for the current year.
Interactive Brokers Group Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.82%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, May 31st. Interactive Brokers Group’s dividend payout ratio is presently 6.84%.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. Barclays upped their price target on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. Citigroup upped their price target on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Bank of America upped their price target on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Jefferies Financial Group upped their target price on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Finally, Piper Sandler upped their target price on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.
Read Our Latest Stock Analysis on IBKR
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.
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