Strs Ohio Decreases Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Strs Ohio trimmed its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKRGet Rating) by 13.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,857 shares of the financial services provider’s stock after selling 2,179 shares during the quarter. Strs Ohio’s holdings in Interactive Brokers Group were worth $885,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in IBKR. First Horizon Advisors Inc. raised its position in Interactive Brokers Group by 185.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 519 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 337 shares during the period. Wipfli Financial Advisors LLC purchased a new stake in Interactive Brokers Group in the 3rd quarter worth about $28,000. Eagle Bay Advisors LLC purchased a new stake in Interactive Brokers Group in the 2nd quarter worth about $31,000. Fifth Third Bancorp raised its position in Interactive Brokers Group by 40.2% in the 3rd quarter. Fifth Third Bancorp now owns 509 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 146 shares during the period. Finally, CWM LLC raised its position in Interactive Brokers Group by 137.5% in the 2nd quarter. CWM LLC now owns 653 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 378 shares during the period. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Thomas Aj Frank sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $80.35, for a total transaction of $1,607,000.00. Following the transaction, the insider now directly owns 249,847 shares in the company, valued at $20,075,206.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Interactive Brokers Group news, insider Thomas Aj Frank sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $80.35, for a total value of $1,607,000.00. Following the completion of the sale, the insider now directly owns 249,847 shares in the company, valued at $20,075,206.45. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Thomas Peterffy sold 400 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $75.09, for a total transaction of $30,036.00. Following the completion of the sale, the chairman now owns 1,896,105 shares of the company’s stock, valued at $142,378,524.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 331,900 shares of company stock worth $25,813,003. Corporate insiders own 5.72% of the company’s stock.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $77.21 on Monday. The firm’s 50 day moving average price is $75.00 and its 200-day moving average price is $68.40. Interactive Brokers Group, Inc. has a 52-week low of $52.18 and a 52-week high of $81.46. The company has a market cap of $32.39 billion, a PE ratio of 24.91, a P/E/G ratio of 0.72 and a beta of 0.77.

Interactive Brokers Group (NASDAQ:IBKRGet Rating) last released its quarterly earnings data on Tuesday, October 18th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.09. Interactive Brokers Group had a net margin of 9.66% and a return on equity of 3.40%. The firm had revenue of $790.00 million for the quarter, compared to the consensus estimate of $792.70 million. During the same period last year, the firm earned $0.78 earnings per share. The company’s quarterly revenue was up 70.3% on a year-over-year basis. On average, analysts forecast that Interactive Brokers Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 14th. Stockholders of record on Thursday, December 1st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.52%. Interactive Brokers Group’s dividend payout ratio is presently 12.90%.

Analysts Set New Price Targets

A number of research firms recently weighed in on IBKR. Citigroup began coverage on shares of Interactive Brokers Group in a research report on Tuesday, October 11th. They issued a “buy” rating and a $85.00 price objective on the stock. StockNews.com assumed coverage on shares of Interactive Brokers Group in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Barclays reduced their target price on shares of Interactive Brokers Group from $94.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, December 19th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $92.83.

About Interactive Brokers Group

(Get Rating)

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in executing, clearing, and settling trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.

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Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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