Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stake Lowered by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.2% during the third quarter, Holdings Channel reports. The firm owned 38,606 shares of the financial services provider’s stock after selling 1,265 shares during the period. Public Employees Retirement System of Ohio’s holdings in Interactive Brokers Group were worth $5,380,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Tortoise Investment Management LLC increased its position in Interactive Brokers Group by 76.6% in the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after buying an additional 111 shares during the period. Fairfield Financial Advisors LTD acquired a new stake in shares of Interactive Brokers Group in the 2nd quarter worth about $32,000. UMB Bank n.a. lifted its position in Interactive Brokers Group by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 224 shares during the last quarter. Smithfield Trust Co boosted its stake in Interactive Brokers Group by 80.6% during the 3rd quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 154 shares during the period. Finally, Darwin Wealth Management LLC bought a new position in Interactive Brokers Group in the 3rd quarter worth about $49,000. Institutional investors own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

IBKR has been the subject of several analyst reports. The Goldman Sachs Group boosted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Barclays increased their price target on Interactive Brokers Group from $165.00 to $214.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Piper Sandler restated an “overweight” rating and set a $163.00 price objective on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. UBS Group increased their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Jefferies Financial Group boosted their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $166.13.

Interactive Brokers Group Trading Down 0.5 %

Shares of Interactive Brokers Group stock opened at $179.49 on Friday. Interactive Brokers Group, Inc. has a 52 week low of $78.93 and a 52 week high of $193.42. The stock has a market cap of $75.84 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 1.42 and a beta of 0.85. The company’s 50-day moving average price is $168.78 and its two-hundred day moving average price is $140.02.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. During the same quarter in the previous year, the firm earned $1.55 earnings per share. On average, equities analysts predict that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, November 29th. Interactive Brokers Group’s dividend payout ratio is presently 15.27%.

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.