Louisiana State Employees Retirement System Invests $1.52 Million in Interactive Brokers Group, Inc. $IBKR

Louisiana State Employees Retirement System purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 22,700 shares of the financial services provider’s stock, valued at approximately $1,522,000.

Several other large investors also recently bought and sold shares of IBKR. Silver Oak Securities Incorporated grew its position in shares of Interactive Brokers Group by 2.0% in the first quarter. Silver Oak Securities Incorporated now owns 42,457 shares of the financial services provider’s stock valued at $2,848,000 after purchasing an additional 849 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new position in Interactive Brokers Group during the first quarter worth approximately $648,000. Ritholtz Wealth Management boosted its stake in Interactive Brokers Group by 6.6% during the first quarter. Ritholtz Wealth Management now owns 9,323 shares of the financial services provider’s stock worth $625,000 after buying an additional 577 shares during the last quarter. Global Financial Private Client LLC boosted its stake in Interactive Brokers Group by 10.5% during the first quarter. Global Financial Private Client LLC now owns 6,264 shares of the financial services provider’s stock worth $420,000 after buying an additional 595 shares during the last quarter. Finally, MBM Wealth Consultants LLC grew its holdings in Interactive Brokers Group by 3.0% in the 1st quarter. MBM Wealth Consultants LLC now owns 16,120 shares of the financial services provider’s stock valued at $1,081,000 after buying an additional 472 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the company’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total value of $2,000,180.00. Following the transaction, the director owned 173,482 shares of the company’s stock, valued at $13,345,970.26. This represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Barclays raised their target price on Interactive Brokers Group from $85.00 to $93.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Wolfe Research initiated coverage on shares of Interactive Brokers Group in a report on Monday, June 8th. They issued an “outperform” rating and a $101.00 price objective for the company. Jefferies Financial Group cut their price objective on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, April 6th. The Goldman Sachs Group set a $98.00 price objective on shares of Interactive Brokers Group in a research report on Friday, May 1st. Finally, BMO Capital Markets lifted their target price on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $85.22.

Interactive Brokers Group Stock Down 2.1%

IBKR stock opened at $91.33 on Friday. The business has a fifty day moving average of $86.38 and a two-hundred day moving average of $76.29. The stock has a market cap of $154.93 billion, a price-to-earnings ratio of 39.37, a price-to-earnings-growth ratio of 2.58 and a beta of 1.33. Interactive Brokers Group, Inc. has a 52-week low of $56.33 and a 52-week high of $97.84.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the previous year, the business earned $1.94 earnings per share. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 2.46 EPS for the current year.

Interactive Brokers Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Monday, June 1st were issued a $0.0875 dividend. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date was Monday, June 1st. This represents a $0.35 annualized dividend and a yield of 0.4%. Interactive Brokers Group’s payout ratio is presently 15.09%.

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.