Louisiana State Employees Retirement System Buys New Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Louisiana State Employees Retirement System acquired a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 30,100 shares of the financial services provider's stock, valued at approximately $2,495,000.

Several other hedge funds have also recently made changes to their positions in IBKR. International Assets Investment Management LLC bought a new position in shares of Interactive Brokers Group in the fourth quarter worth approximately $7,841,000. Darwin Wealth Management LLC purchased a new stake in shares of Interactive Brokers Group in the third quarter valued at $1,775,000. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Interactive Brokers Group by 93.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 35,170 shares of the financial services provider's stock worth $3,044,000 after purchasing an additional 16,996 shares during the last quarter. Ellsworth Advisors LLC bought a new position in shares of Interactive Brokers Group in the fourth quarter worth about $4,148,000. Finally, Raymond James & Associates grew its holdings in shares of Interactive Brokers Group by 3.2% in the fourth quarter. Raymond James & Associates now owns 390,183 shares of the financial services provider's stock worth $32,346,000 after purchasing an additional 12,231 shares during the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Interactive Brokers Group

In other news, insider Thomas Aj Frank sold 12,917 shares of the firm's stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $88.68, for a total transaction of $1,145,479.56. Following the transaction, the insider now directly owns 497,368 shares in the company, valued at $44,106,594.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Thomas Aj Frank sold 12,917 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $88.68, for a total transaction of $1,145,479.56. Following the completion of the sale, the insider now directly owns 497,368 shares of the company's stock, valued at $44,106,594.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman Earl H. Nemser sold 25,782 shares of the firm's stock in a transaction on Monday, February 5th. The shares were sold at an average price of $95.71, for a total value of $2,467,595.22. Following the completion of the sale, the insider now directly owns 208,770 shares of the company's stock, valued at approximately $19,981,376.70. The disclosure for this sale can be found here. Insiders have sold 441,800 shares of company stock worth $41,540,615 over the last three months. Insiders own 3.21% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on IBKR. UBS Group lowered their price target on shares of Interactive Brokers Group from $108.00 to $104.00 and set a "buy" rating on the stock in a report on Tuesday, January 9th. The Goldman Sachs Group raised shares of Interactive Brokers Group from a "neutral" rating to a "buy" rating and increased their price objective for the company from $88.00 to $102.00 in a research report on Tuesday, January 9th. Piper Sandler increased their price objective on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the company an "overweight" rating in a research report on Friday, April 12th. Bank of America raised their price target on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Citigroup raised their price target on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the stock a "buy" rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group currently has an average rating of "Moderate Buy" and an average target price of $120.00.

Interactive Brokers Group Trading Up 1.7 %

IBKR traded up $1.84 on Wednesday, hitting $109.23. The company had a trading volume of 2,489,733 shares, compared to its average volume of 1,194,071. The firm has a market cap of $45.99 billion, a P/E ratio of 19.30, a PEG ratio of 1.24 and a beta of 0.83. The company's fifty day moving average price is $108.19 and its 200 day moving average price is $92.55. Interactive Brokers Group, Inc. has a 1 year low of $70.83 and a 1 year high of $116.92.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.01. Interactive Brokers Group had a return on equity of 4.66% and a net margin of 7.72%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. On average, analysts predict that Interactive Brokers Group, Inc. will post 6.36 earnings per share for the current year.

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.