Public Employees Retirement System of Ohio Increases Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Public Employees Retirement System of Ohio raised its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 397.3% in the 2nd quarter, Holdings Channel reports. The firm owned 281,554 shares of the financial services provider’s stock after buying an additional 224,932 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Interactive Brokers Group were worth $15,601,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of IBKR. Goldman Sachs Group Inc. grew its stake in Interactive Brokers Group by 50.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider’s stock worth $98,886,000 after buying an additional 199,467 shares in the last quarter. Thrive Wealth Management LLC increased its holdings in shares of Interactive Brokers Group by 243.8% in the second quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider’s stock worth $482,000 after buying an additional 6,163 shares during the period. Inspire Investing LLC increased its stake in Interactive Brokers Group by 19.5% in the 1st quarter. Inspire Investing LLC now owns 47,341 shares of the financial services provider’s stock worth $7,839,000 after purchasing an additional 7,734 shares during the period. 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 valued at $1,251,000 after buying an additional 5,816 shares during the last quarter. Finally, Brady Martz Wealth Solutions LLC raised its stake in shares of Interactive Brokers Group by 300.0% during the second quarter. Brady Martz Wealth Solutions LLC now owns 7,164 shares of the financial services provider’s stock valued at $397,000 after acquiring an additional 5,373 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $64.97 on Friday. The stock has a 50-day simple moving average of $63.69 and a two-hundred day simple moving average of $53.46. The firm has a market capitalization of $110.20 billion, a PE ratio of 33.40, a P/E/G ratio of 2.62 and a beta of 1.23. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $68.07.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.05. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.76 earnings per share. Equities analysts forecast 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 declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Monday, September 1st were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. Interactive Brokers Group’s payout ratio is currently 16.49%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 116,861 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the completion of the transaction, the chief financial officer owned 158,954 shares in the company, valued at $10,289,092.42. This trade represents a 42.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the completion of the sale, the insider owned 461,500 shares in the company, valued at $31,146,635. This represents a 29.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,174,329 shares of company stock worth $75,169,366 in the last three months. Insiders own 2.97% of the company’s stock.

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.