Principal Financial Group Inc. Lowers Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Principal Financial Group Inc. cut its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 361,631 shares of the financial services provider’s stock after selling 4,573 shares during the quarter. Principal Financial Group Inc.’s holdings in Interactive Brokers Group were worth $63,889,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Creative Planning lifted its position in shares of Interactive Brokers Group by 5.5% during the 3rd quarter. Creative Planning now owns 8,196 shares of the financial services provider’s stock worth $1,142,000 after buying an additional 428 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Interactive Brokers Group by 262.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock valued at $36,004,000 after acquiring an additional 187,010 shares during the last quarter. Signaturefd LLC lifted its holdings in Interactive Brokers Group by 9.5% during the third quarter. Signaturefd LLC now owns 1,359 shares of the financial services provider’s stock worth $189,000 after acquiring an additional 118 shares during the period. Stanley Laman Group Ltd. purchased a new position in Interactive Brokers Group in the third quarter worth $3,493,000. Finally, International Assets Investment Management LLC grew its stake in Interactive Brokers Group by 13,967.5% in the 3rd quarter. International Assets Investment Management LLC now owns 149,115 shares of the financial services provider’s stock valued at $20,781,000 after purchasing an additional 148,055 shares during the period. 23.80% of the stock is owned by institutional investors.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was purchased at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the transaction, the director now owns 2,476 shares in the company, valued at $543,506.76. The trade was a 5.77 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.21% of the stock is owned by corporate insiders.

Analyst Ratings Changes

IBKR has been the topic of a number of recent analyst reports. Piper Sandler reiterated an “overweight” rating and set a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. The Goldman Sachs Group lifted their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. UBS Group increased their target price 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. Citigroup lifted their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Barclays boosted their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $204.13.

Interactive Brokers Group Stock Down 1.2 %

IBKR stock opened at $232.65 on Thursday. The stock has a 50-day simple moving average of $199.69 and a two-hundred day simple moving average of $166.23. Interactive Brokers Group, Inc. has a twelve month low of $102.27 and a twelve month high of $236.53. The firm has a market capitalization of $98.30 billion, a PE ratio of 32.95, a PEG ratio of 1.65 and a beta of 0.89.

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 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 company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the previous year, the company earned $1.52 earnings per share. Interactive Brokers Group’s revenue for the quarter was up 21.8% on a year-over-year basis. On average, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.45 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

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.