Public Employees Retirement System of Ohio Invests $17.89 Million in Interactive Brokers Group, Inc. $IBKR

Public Employees Retirement System of Ohio bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 205,530 shares of the financial services provider’s stock, valued at approximately $17,889,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Reflection Asset Management purchased a new position in Interactive Brokers Group during the fourth quarter valued at $26,000. IMA Advisory Services Inc. raised its position in shares of Interactive Brokers Group by 64.3% during 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 shares of Interactive Brokers Group during the 4th quarter worth about $30,000. Entrust Financial LLC purchased a new position in Interactive Brokers Group in the 4th quarter valued at about $31,000. Finally, SHP Wealth Management purchased a new position in Interactive Brokers Group in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

IBKR has been the topic of several research reports. Piper Sandler set a $109.00 target price on Interactive Brokers Group in a research report on Wednesday, July 22nd. Raymond James Financial assumed coverage on Interactive Brokers Group in a research note on Wednesday. They issued a “market perform” rating for the company. Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. BMO Capital Markets reaffirmed an “outperform” rating and set a $110.00 target price (up from $105.00) on shares of Interactive Brokers Group in a research note on Wednesday, July 22nd. Finally, China Renaissance assumed coverage on shares of Interactive Brokers Group in a report on Tuesday, July 7th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $96.89.

Interactive Brokers Group Stock Down 0.7%

Shares of NASDAQ:IBKR opened at $95.84 on Friday. Interactive Brokers Group, Inc. has a 52-week low of $58.95 and a 52-week high of $98.75. The stock has a market cap of $163.06 billion, a P/E ratio of 38.34, a PEG ratio of 1.77 and a beta of 1.34. The business has a fifty day moving average of $92.11 and a two-hundred day moving average of $82.56.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the company posted $0.51 EPS. The company’s revenue was up 28.1% compared to the same quarter last year. On average, equities analysts anticipate that Interactive Brokers Group, Inc. will post 2.68 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Tuesday, September 1st will be issued a $0.0875 dividend. 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%.

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.