National Pension Service Sells 13,219 Shares of Interactive Brokers Group, Inc. $IBKR

National Pension Service lessened its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 895,059 shares of the financial services provider’s stock after selling 13,219 shares during the period. National Pension Service owned 0.05% of Interactive Brokers Group worth $77,906,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. California State Teachers Retirement System grew its position in shares of Interactive Brokers Group by 8,229.0% during the 2nd quarter. California State Teachers Retirement System now owns 53,724,396 shares of the financial services provider’s stock worth $4,676,171,000 after buying an additional 53,079,364 shares during the period. State Street Corp lifted its stake in Interactive Brokers Group by 1.0% in the fourth quarter. State Street Corp now owns 18,836,521 shares of the financial services provider’s stock valued at $1,211,377,000 after buying an additional 187,763 shares in the last quarter. Cantillon Capital Management LLC lifted its stake in Interactive Brokers Group by 0.8% in the fourth quarter. Cantillon Capital Management LLC now owns 12,759,904 shares of the financial services provider’s stock valued at $820,589,000 after buying an additional 95,878 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Interactive Brokers Group by 17.6% in the third quarter. Wellington Management Group LLP now owns 10,901,171 shares of the financial services provider’s stock valued at $750,110,000 after buying an additional 1,630,620 shares during the period. Finally, Orbis Allan Gray Ltd boosted its holdings in shares of Interactive Brokers Group by 178.8% in the second quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock valued at $539,697,000 after buying an additional 6,246,715 shares during the period. Institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on IBKR. Piper Sandler set a $109.00 price objective on shares of Interactive Brokers Group in a research report on Wednesday, July 22nd. Wolfe Research assumed coverage on Interactive Brokers Group in a report on Monday, June 8th. They set an “outperform” rating and a $101.00 target price for the company. Barclays set a $114.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. China Renaissance assumed coverage on Interactive Brokers Group in a report on Tuesday, July 7th. They issued a “hold” rating on the stock. Finally, Weiss Ratings raised Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average target price of $98.90.

Interactive Brokers Group Trading Up 2.2%

Shares of IBKR stock opened at $91.37 on Friday. The firm’s fifty day moving average price is $92.10 and its two-hundred day moving average price is $83.72. Interactive Brokers Group, Inc. has a 1 year low of $58.95 and a 1 year high of $98.75. The firm has a market capitalization of $155.46 billion, a P/E ratio of 36.55, a PEG ratio of 1.65 and a beta of 1.35.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the business posted $0.51 EPS. The company’s quarterly revenue was up 28.1% on a year-over-year basis. As a group, equities research analysts forecast that Interactive Brokers Group, Inc. will post 2.68 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Tuesday, September 1st will be paid a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.00%.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and related financial services to individual investors, financial professionals, hedge funds, proprietary trading groups and other institutional clients. Through its online platforms, the company offers access to stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and other investment products.

The company operates a technology-focused brokerage platform designed to provide access to multiple markets and asset classes from a single account.