California Public Employees Retirement System Trims Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

California Public Employees Retirement System lowered its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 202,260 shares of the financial services provider’s stock after selling 5,774 shares during the quarter. California Public Employees Retirement System’s holdings in Interactive Brokers Group were worth $16,767,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in IBKR. Contravisory Investment Management Inc. purchased a new stake in Interactive Brokers Group in the 4th quarter worth approximately $25,000. Rakuten Securities Inc. purchased a new stake in shares of Interactive Brokers Group in the fourth quarter worth $34,000. Headlands Technologies LLC bought a new stake in shares of Interactive Brokers Group during the 3rd quarter valued at $40,000. Asset Management One Co. Ltd. lifted its stake in shares of Interactive Brokers Group by 22.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 744 shares of the financial services provider’s stock valued at $62,000 after buying an additional 135 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in Interactive Brokers Group by 1,672.9% in the 3rd quarter. IFP Advisors Inc now owns 851 shares of the financial services provider’s stock worth $74,000 after buying an additional 803 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $116.73 on Tuesday. The company has a market capitalization of $49.15 billion, a P/E ratio of 19.95, a P/E/G ratio of 1.18 and a beta of 0.83. The stock has a 50 day moving average price of $110.36 and a 200-day moving average price of $94.12. Interactive Brokers Group, Inc. has a one year low of $70.83 and a one year high of $117.96.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.25 dividend. The ex-dividend date is Friday, May 31st. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.86%. Interactive Brokers Group’s payout ratio is 6.84%.

Analyst Ratings Changes

A number of brokerages have issued reports on IBKR. Barclays increased their price target on Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 17th. The Goldman Sachs Group raised Interactive Brokers Group from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $88.00 to $102.00 in a report on Tuesday, January 9th. Bank of America upped their price target on Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Citigroup lifted their price objective on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Finally, UBS Group lowered their target price on shares of Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating on the stock in a report on Tuesday, January 9th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $124.00.

Insider Activity

In related news, insider Thomas Aj Frank sold 36,883 shares of Interactive Brokers Group stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $90.64, for a total value of $3,343,075.12. Following the completion of the transaction, the insider now owns 164,484 shares in the company, valued at $14,908,829.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Vice Chairman Earl H. Nemser sold 25,782 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $95.71, for a total value of $2,467,595.22. Following the sale, the insider now owns 208,770 shares of the company’s stock, valued at $19,981,376.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Thomas Aj Frank sold 36,883 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $90.64, for a total transaction of $3,343,075.12. Following the completion of the sale, the insider now owns 164,484 shares of the company’s stock, valued at approximately $14,908,829.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 238,150 shares of company stock worth $23,038,797. 3.21% of the stock is currently owned by corporate insiders.

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.