California State Teachers Retirement System Has $8.94 Million Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

California State Teachers Retirement System lessened its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 107,842 shares of the financial services provider’s stock after selling 5,750 shares during the quarter. California State Teachers Retirement System’s holdings in Interactive Brokers Group were worth $8,940,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of IBKR. Contravisory Investment Management Inc. bought a new stake in Interactive Brokers Group in the 4th quarter valued at about $25,000. Rakuten Securities Inc. acquired a new stake in Interactive Brokers Group during the fourth quarter worth approximately $34,000. Headlands Technologies LLC bought a new position in Interactive Brokers Group during the 3rd quarter worth $40,000. Principal Securities Inc. acquired a new position in Interactive Brokers Group in the 4th quarter valued at $40,000. Finally, Asset Management One Co. Ltd. raised its holdings in Interactive Brokers Group by 22.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 744 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 135 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on IBKR shares. Jefferies Financial Group raised their price target on Interactive Brokers Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Bank of America boosted their target price on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Citigroup upped 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. Barclays lifted their price objective on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. Finally, Piper Sandler upped their target price on Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $124.00.

Read Our Latest Research Report on IBKR

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $123.74 on Friday. Interactive Brokers Group, Inc. has a fifty-two week low of $72.60 and a fifty-two week high of $129.19. The stock has a market cap of $52.10 billion, a PE ratio of 21.15, a PEG ratio of 1.24 and a beta of 0.82. The firm’s fifty day moving average price is $118.84 and its two-hundred day moving average price is $102.45.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last issued its earnings results on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.01. Interactive Brokers Group had a return on equity of 4.72% and a net margin of 7.62%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.19 billion. As a group, sell-side analysts predict that Interactive Brokers Group, Inc. will post 6.49 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.25 per share. 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 annualized dividend and a yield of 0.81%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 17.09%.

Interactive Brokers Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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