Strs Ohio Has $6.14 Million Holdings in Interactive Brokers Group, Inc. $IBKR

Strs Ohio cut its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.8% in the first quarter, HoldingsChannel reports. The fund owned 91,511 shares of the financial services provider’s stock after selling 5,664 shares during the period. Strs Ohio’s holdings in Interactive Brokers Group were worth $6,138,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Reflection Asset Management bought a new stake in shares of Interactive Brokers Group during the fourth quarter valued at approximately $26,000. IMA Advisory Services Inc. raised its position in Interactive Brokers Group by 64.3% in the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 178 shares during the last quarter. Tobam acquired a new position in Interactive Brokers Group during the 4th quarter worth $30,000. Entrust Financial LLC acquired a new position in Interactive Brokers Group during the 4th quarter worth $31,000. Finally, SHP Wealth Management bought a new position in Interactive Brokers Group in the 4th quarter valued at $31,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on IBKR. Keefe, Bruyette & Woods assumed coverage on Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 target price for the company. BMO Capital Markets upped their price target on Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Wolfe Research began coverage on Interactive Brokers Group in a report on Monday, June 8th. They issued an “outperform” rating and a $101.00 price target on the stock. Barclays lifted their price objective on Interactive Brokers Group from $85.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Finally, Piper Sandler upped their target price on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and an average price target of $85.22.

Interactive Brokers Group Stock Performance

IBKR opened at $91.33 on Monday. The company has a fifty day moving average price of $86.64 and a two-hundred day moving average price of $76.50. The firm has a market capitalization of $154.93 billion, a PE ratio of 39.37, a P/E/G ratio of 2.52 and a beta of 1.33. Interactive Brokers Group, Inc. has a 52 week low of $56.33 and a 52 week high of $97.84.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the business posted $1.94 EPS. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. Equities analysts forecast that Interactive Brokers Group, Inc. will post 2.46 EPS for the current year.

Interactive Brokers Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Monday, June 1st were issued a $0.0875 dividend. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, June 1st. Interactive Brokers Group’s dividend payout ratio is currently 15.09%.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction dated 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 transaction, the director owned 173,482 shares of the company’s stock, valued at approximately $13,345,970.26. This represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.80% of the company’s stock.

Interactive Brokers Group Profile

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.