Interactive Brokers Group, Inc. $IBKR Shares Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 330.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 111,979 shares of the financial services provider’s stock after purchasing an additional 85,952 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Interactive Brokers Group were worth $6,205,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC boosted its position in Interactive Brokers Group by 6.6% in the 1st quarter. CWM LLC now owns 1,062 shares of the financial services provider’s stock valued at $176,000 after buying an additional 66 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Interactive Brokers Group by 109.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 14,451 shares of the financial services provider’s stock valued at $2,393,000 after purchasing an additional 7,550 shares during the period. Private Advisor Group LLC boosted its holdings in Interactive Brokers Group by 176.2% in the first quarter. Private Advisor Group LLC now owns 4,762 shares of the financial services provider’s stock valued at $789,000 after purchasing an additional 3,038 shares during the period. Allianz Asset Management GmbH grew its stake in Interactive Brokers Group by 102.2% during the 1st quarter. Allianz Asset Management GmbH now owns 292,141 shares of the financial services provider’s stock worth $48,376,000 after purchasing an additional 147,638 shares in the last quarter. Finally, Kennondale Capital Management LLC increased its holdings in Interactive Brokers Group by 172.7% during the 1st quarter. Kennondale Capital Management LLC now owns 19,419 shares of the financial services provider’s stock worth $3,216,000 after purchasing an additional 12,299 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

IBKR has been the subject of a number of analyst reports. CICC Research initiated coverage on Interactive Brokers Group in a research report on Monday, October 27th. They set an “outperform” rating and a $78.00 price objective for the company. Barclays set a $80.00 price target on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a report on Friday, October 17th. Piper Sandler set a $80.00 price objective on shares of Interactive Brokers Group and gave the company an “overweight” rating in a report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Interactive Brokers Group in a research report on Thursday. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $91.00 target price on shares of Interactive Brokers Group in a report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus price target of $72.08.

Insider Activity at Interactive Brokers Group

In related news, CFO Paul Jonathan Brody sold 17,058 shares of the stock in a transaction on Friday, September 26th. The shares were sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the completion of the sale, the chief financial officer owned 28,289 shares in the company, valued at $1,860,850.42. This represents a 37.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lawrence E. Harris sold 10,645 shares of Interactive Brokers Group stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $69.00, for a total transaction of $734,505.00. Following the completion of the transaction, the director owned 198,704 shares in the company, valued at approximately $13,710,576. This represents a 5.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,026,711 shares of company stock worth $65,238,880 in the last 90 days. 2.97% of the stock is owned by insiders.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $63.41 on Tuesday. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $73.35. The firm has a market cap of $107.55 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 2.16 and a beta of 1.22. The stock’s 50-day moving average is $67.72 and its two-hundred day moving average is $60.87.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.61 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Interactive Brokers Group’s payout ratio is presently 15.38%.

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.