Strs Ohio Purchases New Holdings in Interactive Brokers Group, Inc. $IBKR

Strs Ohio bought a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,016 shares of the financial services provider’s stock, valued at approximately $1,493,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. IFM Investors Pty Ltd purchased a new stake in Interactive Brokers Group in the 1st quarter worth approximately $3,707,000. Intech Investment Management LLC lifted its position in Interactive Brokers Group by 176.2% in the 1st quarter. Intech Investment Management LLC now owns 138,146 shares of the financial services provider’s stock worth $22,876,000 after buying an additional 88,136 shares in the last quarter. Bayforest Capital Ltd lifted its position in Interactive Brokers Group by 33.5% in the 1st quarter. Bayforest Capital Ltd now owns 3,873 shares of the financial services provider’s stock worth $641,000 after buying an additional 971 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Interactive Brokers Group by 38.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 424,970 shares of the financial services provider’s stock worth $70,371,000 after buying an additional 118,116 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in Interactive Brokers Group by 3.0% in the 1st quarter. Empowered Funds LLC now owns 39,131 shares of the financial services provider’s stock worth $6,480,000 after buying an additional 1,156 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $62.48 on Wednesday. The firm has a market capitalization of $105.97 billion, a price-to-earnings ratio of 32.12, a P/E/G ratio of 2.53 and a beta of 1.23. The company’s fifty day moving average is $62.94 and its two-hundred day moving average is $52.68. Interactive Brokers Group, Inc. has a 52-week low of $32.13 and a 52-week high of $68.07.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.05. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the business posted $1.76 EPS. As a group, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, September 1st were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, August 29th. Interactive Brokers Group’s payout ratio is 16.49%.

Insider Activity

In other news, Vice Chairman Earl H. Nemser sold 194,086 shares of Interactive Brokers Group stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the sale, the insider directly owned 461,500 shares in the company, valued at approximately $31,146,635. The trade was a 29.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul Jonathan Brody sold 97,209 shares of Interactive Brokers Group stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $64.06, for a total transaction of $6,227,208.54. Following the sale, the chief financial officer owned 577,818 shares in the company, valued at approximately $37,015,021.08. This trade represents a 14.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 656,154 shares of company stock worth $42,299,977. 2.97% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on IBKR shares. Piper Sandler increased their target price on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Citigroup increased their target price on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Barclays raised their price target on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Finally, Wall Street Zen raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 21st. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $59.38.

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.