California Public Employees Retirement System Has $34.24 Million Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

California Public Employees Retirement System lowered its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.8% during the fourth quarter, Holdings Channel reports. The fund owned 193,781 shares of the financial services provider’s stock after selling 9,698 shares during the quarter. California Public Employees Retirement System’s holdings in Interactive Brokers Group were worth $34,235,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in IBKR. Contravisory Investment Management Inc. purchased a new position in Interactive Brokers Group during the 4th quarter worth approximately $25,000. SRH Advisors LLC purchased a new position in shares of Interactive Brokers Group during the fourth quarter valued at $28,000. Versant Capital Management Inc raised its position in Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after buying an additional 71 shares during the period. Blue Trust Inc. lifted its stake in Interactive Brokers Group by 90.7% in the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 88 shares in the last quarter. Finally, Rialto Wealth Management LLC acquired a new stake in Interactive Brokers Group during the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $174.31 on Thursday. Interactive Brokers Group, Inc. has a one year low of $103.69 and a one year high of $236.53. The company’s fifty day moving average price is $200.34 and its two-hundred day moving average price is $179.42. The company has a market capitalization of $73.66 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the firm posted $1.52 EPS. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is 14.16%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on IBKR shares. Citigroup dropped their target price on Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating on the stock in a report on Wednesday. StockNews.com downgraded shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Wednesday. Keefe, Bruyette & Woods boosted their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. Barclays increased their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Finally, UBS Group boosted their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $203.50.

Insider Transactions at Interactive Brokers Group

In other news, Director Jill Bright bought 135 shares of the business’s stock in a transaction on Friday, January 31st. The stock was purchased at an average price of $219.51 per share, with a total value of $29,633.85. Following the transaction, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.99% of the stock is 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.