Interactive Brokers Group, Inc. $IBKR Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund trimmed its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 43.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,876 shares of the financial services provider’s stock after selling 38,524 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Interactive Brokers Group were worth $3,501,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. AQR Capital Management LLC grew its holdings in shares of Interactive Brokers Group by 24.7% in the 1st quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider’s stock worth $2,269,000 after acquiring an additional 2,713 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake 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 purchasing an additional 118,116 shares in the last quarter. Strs Ohio purchased a new position in Interactive Brokers Group in the 1st quarter worth about $1,493,000. First Hawaiian Bank raised its holdings in Interactive Brokers Group by 334.1% during the 1st quarter. First Hawaiian Bank now owns 7,557 shares of the financial services provider’s stock worth $1,251,000 after buying an additional 5,816 shares during the period. Finally, Swedbank AB purchased a new stake in Interactive Brokers Group during the first quarter valued at about $1,411,000. Institutional investors own 23.80% of the company’s stock.

Analysts Set New Price Targets

IBKR has been the topic of several analyst reports. Piper Sandler set a $80.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Zacks Research cut shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. The Goldman Sachs Group reissued a “buy” rating and set a $91.00 target price on shares of Interactive Brokers Group in a research note on Friday, October 17th. CICC Research began coverage on Interactive Brokers Group in a research report on Monday, October 27th. They issued an “outperform” rating and a $78.00 target price for the company. Finally, Barclays set a $82.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a research report on Thursday. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and an average target price of $72.31.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Jill Bright purchased 400 shares of the company’s stock in a transaction dated Thursday, October 23rd. The shares were bought at an average price of $65.95 per share, for a total transaction of $26,380.00. Following the purchase, the director directly owned 10,304 shares in the company, valued at $679,548.80. This trade represents a 4.04% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lawrence E. Harris sold 22,000 shares of Interactive Brokers Group stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $67.63, for a total transaction of $1,487,860.00. Following the completion of the sale, the director directly owned 231,704 shares of the company’s stock, valued at approximately $15,670,141.52. The trade was a 8.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 55,000 shares of company stock worth $3,767,363 in the last 90 days. 2.97% of the stock is currently owned by corporate insiders.

Interactive Brokers Group Stock Up 0.4%

Interactive Brokers Group stock opened at $70.47 on Monday. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $73.35. The stock has a market cap of $119.53 billion, a P/E ratio of 33.84, a P/E/G ratio of 1.99 and a beta of 1.24. The company’s fifty day simple moving average is $66.30 and its 200-day simple moving average is $64.87.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the firm earned $1.61 earnings per share. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. On average, equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Monday, December 1st were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group’s payout ratio is presently 15.38%.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.