State of Michigan Retirement System Sells 100 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

State of Michigan Retirement System lessened its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,779 shares of the financial services provider’s stock after selling 100 shares during the period. State of Michigan Retirement System’s holdings in Interactive Brokers Group were worth $4,554,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. KG&L Capital Management LLC grew its holdings in shares of Interactive Brokers Group by 2.5% in 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 buying an additional 60 shares during the period. Townsquare Capital LLC grew its stake in 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 acquiring an additional 67 shares during the period. TD Private Client Wealth LLC increased its holdings 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 worth $2,759,000 after acquiring an additional 69 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 71 shares during the period. Finally, Lebenthal Global Advisors LLC grew its position in shares of 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 purchasing an additional 78 shares during the period. Institutional investors own 23.80% of the company’s stock.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the purchase, the director now owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. The trade was a 5.77 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.21% of the company’s stock.

Wall Street Analyst Weigh In

IBKR has been the subject of several research reports. Piper Sandler reissued an “overweight” rating and set a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. UBS Group boosted their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. The Goldman Sachs Group lifted their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Citigroup raised their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, Barclays increased their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Interactive Brokers Group has a consensus rating of “Moderate Buy” and an average price target of $204.13.

Interactive Brokers Group Price Performance

NASDAQ:IBKR opened at $189.70 on Friday. The company has a market cap of $80.15 billion, a P/E ratio of 26.87, a P/E/G ratio of 1.59 and a beta of 0.89. The firm’s fifty day moving average price is $205.45 and its two-hundred day moving average price is $172.60. Interactive Brokers Group, Inc. has a one year low of $103.69 and a one year high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the firm earned $1.52 EPS. The business’s revenue was up 21.8% on a year-over-year basis. As a group, equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.53%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Interactive Brokers Group Company 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.