State of Alaska Department of Revenue Cuts Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

State of Alaska Department of Revenue cut its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.7% in the 4th quarter, Holdings Channel reports. The fund owned 12,416 shares of the financial services provider’s stock after selling 220 shares during the quarter. State of Alaska Department of Revenue’s holdings in Interactive Brokers Group were worth $2,193,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KG&L Capital Management LLC boosted its position in Interactive Brokers Group by 2.5% during the fourth quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider’s stock valued at $428,000 after buying an additional 60 shares during the period. Townsquare Capital LLC lifted its stake in shares of Interactive Brokers Group by 1.2% in the 3rd quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider’s stock valued at $760,000 after acquiring an additional 67 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in Interactive Brokers Group by 0.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider’s stock valued at $2,759,000 after acquiring an additional 69 shares during the period. Versant Capital Management Inc grew 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 acquiring an additional 71 shares during the last quarter. Finally, Lebenthal Global Advisors LLC grew its position in Interactive Brokers Group by 1.1% during the 4th quarter. Lebenthal Global Advisors LLC now owns 7,187 shares of the financial services provider’s stock worth $1,270,000 after acquiring an additional 78 shares during the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Jill Bright purchased 135 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now directly 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.21% of the stock is currently owned by corporate insiders.

Interactive Brokers Group Trading Down 2.1 %

NASDAQ IBKR opened at $226.19 on Tuesday. The firm’s fifty day simple moving average is $192.90 and its two-hundred day simple moving average is $160.96. Interactive Brokers Group, Inc. has a 12-month low of $97.75 and a 12-month high of $235.29. The firm has a market capitalization of $95.57 billion, a P/E ratio of 32.04, a P/E/G ratio of 1.62 and a beta of 0.89.

Interactive Brokers Group (NASDAQ:IBKR) last posted 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 company had revenue of $1.39 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm posted $1.52 earnings per share. As a group, sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.39 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.25 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.16%.

Analyst Upgrades and Downgrades

IBKR has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods lifted their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. Barclays upped their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Piper Sandler reissued an “overweight” rating and set a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Finally, Citigroup upped their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.13.

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.