Vestcor Inc Sells 3,401 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Vestcor Inc trimmed its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 21.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,585 shares of the financial services provider’s stock after selling 3,401 shares during the quarter. Vestcor Inc’s holdings in Interactive Brokers Group were worth $2,223,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in IBKR. Donoghue Forlines LLC bought a new stake in shares of Interactive Brokers Group in the fourth quarter worth about $2,088,000. Aurora Investment Counsel acquired a new position in shares of Interactive Brokers Group in the 3rd quarter valued at approximately $1,693,000. Union Bancaire Privee UBP SA bought a new stake in shares of Interactive Brokers Group during the fourth quarter worth $3,750,000. Friedenthal Financial acquired a new position in Interactive Brokers Group in the 4th quarter worth $775,000. Finally, New Millennium Group LLC acquired a new stake in shares of Interactive Brokers Group in the 4th quarter valued at about $2,319,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on IBKR shares. Citigroup raised their price target on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Piper Sandler reiterated an “overweight” rating and set a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. Barclays upped their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, UBS Group lifted their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, January 27th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus target price of $204.13.

Interactive Brokers Group Stock Up 4.4 %

Shares of NASDAQ:IBKR opened at $168.11 on Friday. The business has a 50 day moving average of $204.67 and a 200-day moving average of $174.75. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53. The stock has a market cap of $71.04 billion, a PE ratio of 23.81, a P/E/G ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the company posted $1.52 earnings per share. Interactive Brokers Group’s revenue was up 21.8% compared to the same quarter last year. Equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.59%. Interactive Brokers Group’s dividend payout ratio is presently 14.16%.

Insider Activity

In other news, Director Jill Bright bought 135 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was bought at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the transaction, the director now owns 2,476 shares of the company’s stock, valued at $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.99% of the company’s stock.

About Interactive Brokers Group

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.