205,530 Shares in Interactive Brokers Group, Inc. $IBKR Acquired by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio acquired 205,530 shares of Interactive Brokers Group, valued at approximately $17.9 million. Institutional investors and hedge funds now own 23.8% of the company.
• Interactive Brokers reported quarterly revenue of $1.88 billion, up 28.1% year over year, and earnings per share of $0.69, beating analyst expectations of $0.64.
• IBKR shares opened at $95.84, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $96.89. The company also announced a quarterly dividend of $0.0875 per share.

Public Employees Retirement System of Ohio bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 205,530 shares of the financial services provider's stock, valued at approximately $17,889,000.

A number of other hedge funds have also bought and sold shares of IBKR. Reflection Asset Management acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth $26,000. IMA Advisory Services Inc. increased its position in shares of 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 valued at $29,000 after acquiring an additional 178 shares during the period. Tobam purchased a new position in Interactive Brokers Group in the 4th quarter worth $30,000. Entrust Financial LLC purchased a new position in Interactive Brokers Group in the 4th quarter worth $31,000. Finally, SHP Wealth Management acquired a new stake in Interactive Brokers Group during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Interactive Brokers Group Trading Down 0.7%

Interactive Brokers Group stock opened at $95.84 on Friday. The firm has a market cap of $163.06 billion, a PE ratio of 38.34, a P/E/G ratio of 1.77 and a beta of 1.34. Interactive Brokers Group, Inc. has a 12 month low of $58.95 and a 12 month high of $98.75. The stock's 50 day simple moving average is $92.11 and its two-hundred day simple moving average is $82.56.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its 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 during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the firm earned $0.51 EPS. The business's quarterly revenue was up 28.1% on a year-over-year basis. On average, equities research analysts forecast that Interactive Brokers Group, Inc. will post 2.68 EPS 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. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Interactive Brokers Group's dividend payout ratio is presently 14.00%.

Wall Street Analyst Weigh In

IBKR has been the topic of a number of research reports. Barclays set a $114.00 price objective on Interactive Brokers Group and gave the company an "overweight" rating in a report on Wednesday, July 22nd. Piper Sandler set a $109.00 price target on shares of Interactive Brokers Group in a report on Wednesday, July 22nd. Raymond James Financial began coverage on shares of Interactive Brokers Group in a research report on Wednesday. They set a "market perform" rating for the company. China Renaissance began coverage on shares of Interactive Brokers Group in a report on Tuesday, July 7th. They issued a "hold" rating on the stock. Finally, Bank of America increased their price objective on shares of Interactive Brokers Group from $83.00 to $106.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $96.89.

Interactive Brokers Group Company 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.

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