Public Employees Retirement System of Ohio Reduces Holdings in Interactive Brokers Group, Inc. $IBKR

Public Employees Retirement System of Ohio reduced its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 10.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,301 shares of the financial services provider’s stock after selling 27,253 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Interactive Brokers Group were worth $15,312,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBKR. Covenant Asset Management LLC acquired a new position in shares of Interactive Brokers Group in the 4th quarter valued at $3,028,000. Leonteq Securities AG acquired a new stake in Interactive Brokers Group during the 4th quarter worth $1,746,000. OFI Invest Asset Management acquired a new stake in Interactive Brokers Group during the 4th quarter worth $22,356,000. Successful Portfolios LLC purchased a new position in Interactive Brokers Group during the 4th quarter worth $1,431,000. Finally, Massachusetts Financial Services Co. MA grew its position in Interactive Brokers Group by 747.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 489,748 shares of the financial services provider’s stock worth $31,496,000 after purchasing an additional 431,970 shares during the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Trading Down 0.0%

IBKR stock opened at $91.74 on Friday. The firm has a 50 day moving average of $90.09 and a 200-day moving average of $79.44. Interactive Brokers Group, Inc. has a 12-month low of $58.95 and a 12-month high of $97.84. The company has a market cap of $155.62 billion, a price-to-earnings ratio of 36.70, a PEG ratio of 2.02 and a beta of 1.33.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.80 billion. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 EPS. Sell-side analysts forecast that Interactive Brokers Group, Inc. will post 2.64 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, September 1st. Interactive Brokers Group’s payout ratio is presently 14.00%.

Analyst Ratings Changes

Several brokerages recently issued reports on IBKR. Jefferies Financial Group dropped their price target on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. BMO Capital Markets reaffirmed an “outperform” rating and set a $110.00 price objective (up from $105.00) on shares of Interactive Brokers Group in a research report on Wednesday. China Renaissance assumed coverage on Interactive Brokers Group in a research note on Tuesday, July 7th. They issued a “hold” rating on the stock. Barclays set a $114.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a report on Wednesday. Finally, The Goldman Sachs Group set a $98.00 price target on Interactive Brokers Group in a research note on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $96.89.

Insiders Place Their Bets

In other news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the completion of the sale, the director owned 173,482 shares in the company, valued at $13,345,970.26. This represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.80% of the company’s stock.

About Interactive Brokers Group

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.