American International Group Inc. Sells 6,139 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

American International Group Inc. decreased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,524 shares of the financial services provider’s stock after selling 6,139 shares during the quarter. American International Group Inc.’s holdings in Interactive Brokers Group were worth $11,981,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of IBKR. FMR LLC grew its holdings in shares of Interactive Brokers Group by 211.7% during the third quarter. FMR LLC now owns 1,773,533 shares of the financial services provider’s stock worth $153,517,000 after purchasing an additional 1,204,573 shares during the last quarter. Norges Bank bought a new stake in Interactive Brokers Group during the 4th quarter worth approximately $97,476,000. Invesco Ltd. increased its position in Interactive Brokers Group by 234.6% in the 3rd quarter. Invesco Ltd. now owns 567,283 shares of the financial services provider’s stock valued at $49,104,000 after acquiring an additional 397,729 shares during the period. Vanguard Group Inc. raised its stake in shares of Interactive Brokers Group by 3.3% during the third quarter. Vanguard Group Inc. now owns 9,566,830 shares of the financial services provider’s stock valued at $828,105,000 after acquiring an additional 308,236 shares during the last quarter. Finally, Polar Capital Holdings Plc acquired a new position in shares of Interactive Brokers Group during the third quarter worth $18,025,000. Institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IBKR. Bank of America increased their price objective on Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Citigroup increased their price target on Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Piper Sandler lifted their price objective 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. Barclays increased their target price on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. Finally, Jefferies Financial Group raised their price target on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $124.00.

Interactive Brokers Group Stock Down 0.9 %

Shares of IBKR stock opened at $120.14 on Monday. The firm has a 50 day moving average of $119.77 and a 200-day moving average of $104.09. The company has a market cap of $50.59 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 1.20 and a beta of 0.82. Interactive Brokers Group, Inc. has a 52 week low of $72.60 and a 52 week high of $129.19.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.01. Interactive Brokers Group had a net margin of 7.62% and a return on equity of 4.72%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. Analysts anticipate that Interactive Brokers Group, Inc. will post 6.59 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a dividend of $0.25 per share. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10. This represents a $1.00 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Friday, May 31st. Interactive Brokers Group’s dividend payout ratio is 17.09%.

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.