Louisiana State Employees Retirement System Grows Stock Position in Interactive Brokers Group, Inc. $IBKR

Louisiana State Employees Retirement System boosted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 302.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 122,600 shares of the financial services provider’s stock after acquiring an additional 92,100 shares during the period. Louisiana State Employees Retirement System’s holdings in Interactive Brokers Group were worth $6,793,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. N.E.W. Advisory Services LLC acquired a new stake in Interactive Brokers Group during the 1st quarter valued at $26,000. ORG Partners LLC lifted its position in shares of Interactive Brokers Group by 312.9% in the second quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 363 shares in the last quarter. Contravisory Investment Management Inc. lifted its position in shares of Interactive Brokers Group by 300.0% in the second quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 423 shares in the last quarter. City Holding Co. purchased a new stake in shares of Interactive Brokers Group in the first quarter valued at $33,000. Finally, Nvwm LLC acquired a new position in Interactive Brokers Group in the 1st quarter valued at about $33,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 116,861 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $64.73, for a total value of $7,564,412.53. Following 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 position. 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 on Tuesday, August 12th. The stock was 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 owned 461,500 shares in the company, valued at $31,146,635. This represents a 29.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,205,683 shares of company stock valued at $77,217,965 over the last 90 days. Insiders own 2.97% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $69.35 on Wednesday. The company has a market cap of $117.63 billion, a P/E ratio of 35.66, a PEG ratio of 2.86 and a beta of 1.22. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $71.78. The business’s 50-day simple moving average is $64.50 and its 200 day simple moving average is $54.99.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.46 by $0.05. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the business posted $1.76 EPS. The company’s revenue was up 14.7% on a year-over-year basis. Analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, September 1st were paid a $0.08 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group’s dividend payout ratio is 16.49%.

Analysts Set New Price Targets

IBKR has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Interactive Brokers Group in a research note on Saturday, September 27th. BMO Capital Markets began coverage on shares of Interactive Brokers Group in a research report on Friday, October 3rd. They issued an “outperform” rating and a $82.00 target price on the stock. Wall Street Zen raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 21st. Barclays upped their price objective on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Finally, Citigroup boosted their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the company a “buy” rating in a research report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.47.

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.