New Mexico Educational Retirement Board Raises Stock Holdings in Interactive Brokers Group, Inc. $IBKR

New Mexico Educational Retirement Board increased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 300.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,912 shares of the financial services provider’s stock after acquiring an additional 66,684 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Interactive Brokers Group were worth $4,927,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Cantillon Capital Management LLC increased its position in Interactive Brokers Group by 288.7% in the 2nd quarter. Cantillon Capital Management LLC now owns 12,803,631 shares of the financial services provider’s stock valued at $709,449,000 after acquiring an additional 9,509,805 shares during the period. American Century Companies Inc. grew its stake in shares of Interactive Brokers Group by 1,476.3% in the 1st quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider’s stock valued at $237,453,000 after purchasing an additional 1,343,007 shares during the last quarter. RV Capital AG increased its holdings in shares of Interactive Brokers Group by 300.0% in the second quarter. RV Capital AG now owns 849,920 shares of the financial services provider’s stock valued at $47,094,000 after purchasing an additional 637,440 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Interactive Brokers Group by 244.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 780,044 shares of the financial services provider’s stock worth $43,932,000 after purchasing an additional 553,752 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of Interactive Brokers Group by 185.4% during the second quarter. Allianz Asset Management GmbH now owns 833,813 shares of the financial services provider’s stock worth $46,202,000 after purchasing an additional 541,672 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of IBKR opened at $64.77 on Thursday. Interactive Brokers Group, Inc. has a 1-year low of $32.82 and a 1-year high of $73.35. The stock has a market cap of $109.86 billion, a price-to-earnings ratio of 31.10, a price-to-earnings-growth ratio of 2.07 and a beta of 1.22. The firm has a 50 day simple moving average of $65.32 and a 200-day simple moving average of $56.92.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the prior year, the firm earned $1.61 EPS. Interactive Brokers Group’s quarterly revenue was up 21.2% on a year-over-year basis. On average, equities analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IBKR. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Tuesday, October 14th. Piper Sandler set a $80.00 price objective on Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Barclays set a $80.00 price target on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research report on Friday, October 17th. The Goldman Sachs Group reissued a “buy” rating and set a $91.00 price target on shares of Interactive Brokers Group in a research note on Friday, October 17th. Finally, BMO Capital Markets raised their price objective on Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus target price of $71.34.

Insider Activity

In other news, CFO Paul Jonathan Brody sold 116,861 shares of Interactive Brokers Group stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the completion of the sale, the chief financial officer directly owned 158,954 shares in the company, valued at $10,289,092.42. The trade was a 42.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the completion of the transaction, the insider directly owned 461,500 shares of the company’s stock, valued at approximately $31,146,635. This represents a 29.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,205,683 shares of company stock valued at $77,217,965 in the last three months. 2.97% of the stock is currently owned by corporate insiders.

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.