Kentucky Retirement Systems Insurance Trust Fund Has $677,000 Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 298.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,215 shares of the financial services provider’s stock after purchasing an additional 9,146 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Interactive Brokers Group were worth $677,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of IBKR. Ethic Inc. boosted its holdings in Interactive Brokers Group by 11.6% in the first quarter. Ethic Inc. now owns 9,682 shares of the financial services provider’s stock worth $1,676,000 after purchasing an additional 1,006 shares in the last quarter. Cresset Asset Management LLC boosted its stake in shares of Interactive Brokers Group by 13.5% during the 1st quarter. Cresset Asset Management LLC now owns 5,590 shares of the financial services provider’s stock worth $926,000 after acquiring an additional 667 shares in the last quarter. Northwest & Ethical Investments L.P. acquired a new position in shares of Interactive Brokers Group during the 1st quarter valued at about $568,000. Northern Trust Corp lifted its holdings in Interactive Brokers Group by 8.7% in the 1st quarter. Northern Trust Corp now owns 952,772 shares of the financial services provider’s stock worth $157,770,000 after purchasing an additional 76,283 shares during the last quarter. Finally, Korea Investment CORP acquired a new stake in Interactive Brokers Group in the 1st quarter worth approximately $8,311,000. Institutional investors own 23.80% of the company’s stock.

Insiders Place Their Bets

In related news, Director Lawrence E. Harris sold 22,000 shares of the firm’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $67.63, for a total value of $1,487,860.00. Following the completion of the transaction, the director directly owned 231,704 shares of the company’s stock, valued at $15,670,141.52. This trade represents a 8.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Paul Jonathan Brody sold 116,861 shares of Interactive Brokers Group stock in a transaction 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 sale, the chief financial officer owned 158,954 shares in the company, valued at $10,289,092.42. This represents a 42.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 302,526 shares of company stock valued at $19,802,983 over the last 90 days. 2.97% of the stock is currently owned by corporate insiders.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $63.06 on Wednesday. The firm’s 50-day moving average is $67.03 and its 200-day moving average is $62.96. The company has a market cap of $106.96 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 1.92 and a beta of 1.26. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $73.35.

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

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Monday, December 1st were given a dividend of $0.08 per share. The ex-dividend date was Monday, December 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Interactive Brokers Group’s payout ratio is currently 15.38%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Piper Sandler set a $80.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Tuesday, October 14th. The Goldman Sachs Group reissued a “buy” rating and set a $91.00 target price on shares of Interactive Brokers Group in a research report on Friday, October 17th. CICC Research started coverage on Interactive Brokers Group in a research report on Monday, October 27th. They issued an “outperform” rating and a $78.00 price target on the stock. Finally, Barclays reiterated an “overweight” rating and issued a $81.00 price objective (up from $80.00) on shares of Interactive Brokers Group in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.19.

About Interactive Brokers Group

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.