National Pension Service Sells 8,350 Shares of Interactive Brokers Group, Inc. $IBKR

National Pension Service trimmed its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 699,284 shares of the financial services provider’s stock after selling 8,350 shares during the quarter. National Pension Service’s holdings in Interactive Brokers Group were worth $44,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Interactive Brokers Group by 26.4% during the third quarter. Vanguard Group Inc. now owns 52,859,085 shares of the financial services provider’s stock worth $3,637,234,000 after acquiring an additional 11,048,679 shares during the last quarter. State Street Corp raised its position in shares of Interactive Brokers Group by 23.2% during the third quarter. State Street Corp now owns 18,648,758 shares of the financial services provider’s stock worth $1,283,221,000 after acquiring an additional 3,517,729 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Interactive Brokers Group by 17.6% during the third quarter. Wellington Management Group LLP now owns 10,901,171 shares of the financial services provider’s stock worth $750,110,000 after acquiring an additional 1,630,620 shares during the last quarter. Orbis Allan Gray Ltd grew its stake in Interactive Brokers Group by 178.8% during the second quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock worth $539,697,000 after purchasing an additional 6,246,715 shares during the period. Finally, Bank of America Corp DE increased its holdings in Interactive Brokers Group by 225.4% in the second quarter. Bank of America Corp DE now owns 7,594,906 shares of the financial services provider’s stock worth $420,834,000 after purchasing an additional 5,260,923 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group set a $98.00 target price on Interactive Brokers Group in a report on Friday, May 1st. Jefferies Financial Group lowered their target price on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a report on Monday, April 6th. Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Keefe, Bruyette & Woods assumed coverage on Interactive Brokers Group in a report on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 target price for the company. Finally, Piper Sandler lifted their target price on Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $83.25.

Interactive Brokers Group Stock Performance

Shares of Interactive Brokers Group stock opened at $86.97 on Monday. Interactive Brokers Group, Inc. has a 52 week low of $49.15 and a 52 week high of $88.44. The stock has a 50 day moving average price of $77.02 and a two-hundred day moving average price of $71.97. The stock has a market capitalization of $147.53 billion, a PE ratio of 37.49, a price-to-earnings-growth ratio of 2.40 and a beta of 1.32.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter last year, the firm posted $1.94 earnings per share. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. Research analysts forecast that Interactive Brokers Group, Inc. will post 2.46 EPS for the current year.

Interactive Brokers Group Increases Dividend

The company also recently disclosed 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. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Monday, June 1st. Interactive Brokers Group’s payout ratio is 13.79%.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director owned 173,482 shares of the company’s stock, valued at approximately $13,345,970.26. This trade represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.80% of the company’s stock.

Interactive Brokers Group 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.