Strs Ohio Has $6.96 Million Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Strs Ohio trimmed its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 23.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 101,088 shares of the financial services provider’s stock after selling 31,371 shares during the quarter. Strs Ohio’s holdings in Interactive Brokers Group were worth $6,956,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Interactive Brokers Group by 45.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 323,662 shares of the financial services provider’s stock valued at $22,271,000 after purchasing an additional 101,136 shares during the last quarter. Rakuten Investment Management Inc. bought a new position in shares of Interactive Brokers Group during the 3rd quarter worth $898,000. Quinn Opportunity Partners LLC increased its holdings in Interactive Brokers Group by 158.0% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 311,000 shares of the financial services provider’s stock worth $17,233,000 after acquiring an additional 190,452 shares during the last quarter. American Century Companies Inc. raised its stake in Interactive Brokers Group by 290.7% in the 2nd quarter. American Century Companies Inc. now owns 5,602,511 shares of the financial services provider’s stock valued at $310,435,000 after acquiring an additional 4,168,530 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Interactive Brokers Group by 335.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 374,008 shares of the financial services provider’s stock valued at $20,724,000 after acquiring an additional 288,055 shares during the period. Institutional investors own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IBKR. BMO Capital Markets lifted their target price on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. The Goldman Sachs Group reiterated a “buy” rating and issued a $91.00 price objective on shares of Interactive Brokers Group in a research note on Friday, October 17th. Barclays set a $83.00 price target on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $76.39.

Interactive Brokers Group Stock Down 2.9%

Shares of NASDAQ IBKR opened at $75.35 on Tuesday. The stock’s 50-day simple moving average is $67.17 and its two-hundred day simple moving average is $66.18. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $78.80. The firm has a market capitalization of $127.80 billion, a P/E ratio of 34.02, a P/E/G ratio of 2.17 and a beta of 1.24.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.15. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the business earned $0.51 earnings per share. Interactive Brokers Group’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed 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 payout ratio is currently 14.48%.

Insider Buying and Selling at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 10,645 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $69.00, for a total transaction of $734,505.00. Following the transaction, the director directly owned 198,704 shares of the company’s stock, valued at $13,710,576. This represents a 5.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman Earl H. Nemser sold 145,000 shares of the company’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $77.85, for a total value of $11,288,250.00. Following the completion of the sale, the insider owned 155,000 shares of the company’s stock, valued at $12,066,750. This trade represents a 48.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 255,645 shares of company stock valued at $19,703,755 over the last quarter. 2.97% of the stock is owned by company insiders.

More Interactive Brokers Group News

Here are the key news stories impacting Interactive Brokers Group this week:

• Positive Sentiment: Earnings beat and solid growth — IBKR reported a January quarter beat (EPS $0.65 vs. $0.50 est.) and revenue of $1.64B (up ~18.5% YoY), showing continued customer and volume growth that supports revenue momentum. MarketBeat Earnings & Profile
• Positive Sentiment: Analyst/estimate momentum — Zacks and other outlets have raised earnings estimates and added IBKR to momentum/strong-buy lists (Zacks Rank #1), signaling rising short-term analyst optimism which can support higher price targets. Zacks: Earnings Estimates Rising
• Neutral Sentiment: Dividend and valuation context — IBKR pays a small quarterly dividend (annualized ~$0.32; ~0.4% yield) and trades at a high P/E (~34). Analyst consensus is a “Moderate Buy” with a consensus target near $76, close to current levels, suggesting limited near-term upside from price-target convergence. MarketBeat: Dividend & Analyst Snapshot
• Negative Sentiment: Large insider selling — Vice Chairman Earl Nemser sold about 245,000 shares across Jan. 22–23 (~$19M at ~\$77/share), reducing his stake materially and the sales were not reported as formulaic 10b5?1 plan transactions. Discretionary insider sales often weigh on sentiment and likely contributed to the intraday weakness. InsiderTrades: Nemser Sales

Interactive Brokers Group Company 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.