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

California Public Employees Retirement System reduced its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Contravisory Investment Management Inc. acquired a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $25,000. Rakuten Securities Inc. purchased a new stake in Interactive Brokers Group during the fourth quarter worth $34,000. Headlands Technologies LLC acquired a new stake in Interactive Brokers Group during the third quarter valued at $40,000. Asset Management One Co. Ltd. increased its holdings in Interactive Brokers Group by 22.2% in the fourth 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 increased its holdings in Interactive Brokers Group by 1,672.9% in the third quarter. IFP Advisors Inc now owns 851 shares of the financial services provider’s stock valued at $74,000 after buying an additional 803 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 5,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total value of $524,300.00. Following the completion of the sale, the insider now directly owns 113,770 shares in the company, valued at approximately $11,929,922.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 5,000 shares of Interactive Brokers Group stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total transaction of $524,300.00. Following the transaction, the insider now directly owns 113,770 shares of the company’s stock, valued at $11,929,922.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas Aj Frank sold 36,883 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were 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 directly 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 quarter, insiders sold 238,150 shares of company stock valued at $23,038,797. Corporate insiders own 3.21% of the company’s stock.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $116.73 on Tuesday. Interactive Brokers Group, Inc. has a 1-year low of $70.83 and a 1-year high of $117.96. The company has a market cap of $49.15 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 1.18 and a beta of 0.83. The stock’s 50 day simple moving average is $110.36 and its 200-day simple moving average is $94.12.

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 dividend of $0.25 per share. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, May 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.86%. Interactive Brokers Group’s dividend payout ratio is presently 6.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Bank of America increased their target price on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Jefferies Financial Group raised their price objective on Interactive Brokers Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Barclays boosted their price objective on Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. The Goldman Sachs Group upgraded Interactive Brokers Group from a “neutral” rating to a “buy” rating and increased their target price for the company from $88.00 to $102.00 in a research report on Tuesday, January 9th. Finally, Citigroup boosted their price target on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.

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.