Public Sector Pension Investment Board Takes $6.61 Million Position in Interactive Brokers Group, Inc. $IBKR

Public Sector Pension Investment Board bought a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 96,000 shares of the financial services provider’s stock, valued at approximately $6,606,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of IBKR. Huntington National Bank raised its holdings in shares of Interactive Brokers Group by 51.8% during the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 176 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new position in Interactive Brokers Group during the 2nd quarter valued at $32,000. N.E.W. Advisory Services LLC raised its holdings in Interactive Brokers Group by 300.0% in the 2nd quarter. N.E.W. Advisory Services LLC now owns 632 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 474 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Interactive Brokers Group by 1,051.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 760 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 694 shares in the last quarter. Finally, Rialto Wealth Management LLC boosted its stake in shares of Interactive Brokers Group by 306.4% during the 2nd quarter. Rialto Wealth Management LLC now owns 764 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 576 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on IBKR. CICC Research began coverage on shares of Interactive Brokers Group in a report on Monday, October 27th. They issued an “outperform” rating and a $78.00 price objective for the company. Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Barclays set a $83.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a research report on Wednesday, January 21st. BMO Capital Markets upped their price target on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Interactive Brokers Group has a consensus rating of “Buy” and an average target price of $76.39.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $74.90 on Thursday. The firm has a market cap of $127.04 billion, a P/E ratio of 33.81, a P/E/G ratio of 2.05 and a beta of 1.24. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $79.18. The firm has a 50-day simple moving average of $70.81 and a two-hundred day simple moving average of $67.59.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.15. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.58 billion. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The business’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. On average, equities research analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, February 27th. Interactive Brokers Group’s dividend payout ratio is presently 14.48%.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 60,200 shares of the company’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total transaction of $4,533,060.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 400,000 shares of company stock worth $30,725,122 over the last 90 days. Company insiders own 2.97% of the company’s stock.

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.