Teacher Retirement System of Texas Has $3.67 Million Stock Position in Interactive Brokers Group, Inc. $IBKR

Teacher Retirement System of Texas increased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 315.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,168 shares of the financial services provider’s stock after purchasing an additional 50,252 shares during the quarter. Teacher Retirement System of Texas’ holdings in Interactive Brokers Group were worth $3,666,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its holdings in shares of Interactive Brokers Group by 50.2% in the first quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider’s stock valued at $98,886,000 after purchasing an additional 199,467 shares in the last quarter. Thrive Wealth Management LLC raised its position in Interactive Brokers Group by 243.8% during the second quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider’s stock valued at $482,000 after buying an additional 6,163 shares during the period. TD Asset Management Inc lifted its stake in Interactive Brokers Group by 312.8% in the 2nd quarter. TD Asset Management Inc now owns 104,644 shares of the financial services provider’s stock worth $5,798,000 after acquiring an additional 79,294 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Interactive Brokers Group by 1,093.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,378 shares of the financial services provider’s stock worth $409,000 after acquiring an additional 6,760 shares in the last quarter. Finally, Truist Financial Corp boosted its position in Interactive Brokers Group by 237.8% during the 2nd quarter. Truist Financial Corp now owns 202,665 shares of the financial services provider’s stock worth $11,230,000 after acquiring an additional 142,662 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Piper Sandler set a $80.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a report on Tuesday, October 14th. Barclays set a $80.00 price objective on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research report on Friday, October 17th. BMO Capital Markets increased their target price on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. The Goldman Sachs Group restated a “buy” rating and set a $91.00 price target on shares of Interactive Brokers Group in a report on Friday, October 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Tuesday, October 14th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $72.08.

Insider Buying and Selling

In other news, Vice Chairman Earl H. Nemser sold 194,086 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total value of $13,098,864.14. Following the completion of the sale, the insider directly owned 461,500 shares in the company, valued at approximately $31,146,635. The trade was a 29.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul Jonathan Brody sold 116,861 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer 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 disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,220,797 shares of company stock worth $78,337,744. Insiders own 2.97% of the company’s stock.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $70.36 on Friday. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $73.35. The stock’s 50-day moving average is $66.15 and its two-hundred day moving average is $58.53. The firm has a market cap of $119.34 billion, a P/E ratio of 33.79, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data 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 business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the firm posted $1.61 EPS. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. On average, equities analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

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

Interactive Brokers Group 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.