National Pension Service Cuts Stock Holdings in Interactive Brokers Group, Inc. $IBKR

National Pension Service decreased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 699,284 shares of the financial services provider’s stock after selling 8,350 shares during the period. National Pension Service’s holdings in Interactive Brokers Group were worth $44,971,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp purchased a new position in shares of Interactive Brokers Group during the third quarter valued at approximately $27,000. Entrust Financial LLC purchased a new position in shares of Interactive Brokers Group during the fourth quarter valued at approximately $31,000. Tucker Asset Management LLC purchased a new position in shares of Interactive Brokers Group during the fourth quarter valued at approximately $32,000. Lloyd Advisory Services LLC. purchased a new position in shares of Interactive Brokers Group during the fourth quarter valued at approximately $33,000. Finally, Blue Trust Inc. boosted its position in shares of Interactive Brokers Group by 236.0% during the fourth quarter. Blue Trust Inc. now owns 672 shares of the financial services provider’s stock valued at $43,000 after buying an additional 472 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on IBKR shares. BMO Capital Markets lifted their target price on Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group set a $98.00 target price on Interactive Brokers Group in a research report on Friday, May 1st. Barclays boosted their price objective on Interactive Brokers Group from $85.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Piper Sandler boosted their price objective on Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Finally, Jefferies Financial Group cut their price objective on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $83.25.

Interactive Brokers Group Stock Performance

IBKR stock opened at $86.97 on Monday. The stock’s fifty day simple moving average is $77.02 and its two-hundred day simple moving average is $71.97. Interactive Brokers Group, Inc. has a 1-year low of $49.15 and a 1-year high of $88.44. The stock has a market cap of $147.53 billion, a P/E ratio of 37.49, a P/E/G ratio of 2.40 and a beta of 1.32.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the previous year, the firm earned $1.94 earnings per share. The business’s revenue was up 17.0% on a year-over-year basis. As a group, analysts forecast that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, June 1st will be paid a $0.0875 dividend. The ex-dividend date is Monday, June 1st. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is presently 13.79%.

Insider Activity

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the sale, the director directly owned 173,482 shares in the company, valued at $13,345,970.26. The trade was a 13.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.80% of the stock is currently owned by insiders.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.