Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. trimmed its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,177 shares of the financial services provider’s stock after selling 5,502 shares during the quarter. Corebridge Financial Inc.’s holdings in Interactive Brokers Group were worth $21,762,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of IBKR. Pathstone Holdings LLC raised its holdings in Interactive Brokers Group by 7.0% in the third quarter. Pathstone Holdings LLC now owns 12,348 shares of the financial services provider’s stock valued at $1,721,000 after buying an additional 811 shares during the period. Caprock Group LLC raised its stake in shares of Interactive Brokers Group by 6.7% in the 3rd quarter. Caprock Group LLC now owns 2,014 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 127 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Interactive Brokers Group by 34.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,744 shares of the financial services provider’s stock valued at $522,000 after acquiring an additional 957 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Interactive Brokers Group by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 799,423 shares of the financial services provider’s stock worth $111,408,000 after purchasing an additional 17,195 shares during the period. Finally, Cerity Partners LLC increased its holdings in Interactive Brokers Group by 60.2% in the 3rd quarter. Cerity Partners LLC now owns 3,051 shares of the financial services provider’s stock valued at $425,000 after purchasing an additional 1,146 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on IBKR. UBS Group boosted their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods boosted their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. StockNews.com raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Tuesday. Piper Sandler reissued an “overweight” rating and set a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group upped their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $204.13.

Interactive Brokers Group Trading Up 3.8 %

Shares of NASDAQ:IBKR opened at $179.94 on Tuesday. The firm has a market cap of $76.04 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. The company has a fifty day simple moving average of $203.13 and a 200 day simple moving average of $177.47. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.22. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period last year, the business earned $1.52 EPS. As a group, equities research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

Insider Buying and Selling at Interactive Brokers Group

In other news, Director Jill Bright purchased 135 shares of the stock in a transaction dated Friday, January 31st. The stock was acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now owns 2,476 shares of the company’s stock, valued at $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 2.99% of the stock is currently owned by 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.