California State Teachers Retirement System Sells 27,794 Shares of Interactive Brokers Group, Inc. $IBKR

California State Teachers Retirement System lessened its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 4.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 617,238 shares of the financial services provider's stock after selling 27,794 shares during the quarter. California State Teachers Retirement System's holdings in Interactive Brokers Group were worth $53,724,396 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wedmont Private Capital boosted its stake in shares of Interactive Brokers Group by 9.9% during the 2nd quarter. Wedmont Private Capital now owns 8,125 shares of the financial services provider's stock worth $764,000 after acquiring an additional 735 shares in the last quarter. HB Wealth Management LLC lifted its stake in shares of Interactive Brokers Group by 5.7% in the 2nd quarter. HB Wealth Management LLC now owns 13,075 shares of the financial services provider's stock valued at $1,138,000 after purchasing an additional 702 shares during the last quarter. Saudi Central Bank lifted its position in Interactive Brokers Group by 80.2% in the second quarter. Saudi Central Bank now owns 29,621 shares of the financial services provider's stock worth $2,578,000 after purchasing an additional 13,182 shares during the period. Compass Financial Management LLC bought a new stake in shares of Interactive Brokers Group during the second quarter valued at approximately $612,000. Finally, AlphaGrep UK Ltd bought a new stake in shares of Interactive Brokers Group in the 2nd quarter valued at $391,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock traded down $2.23 on Tuesday, hitting $88.52. 1,891,628 shares of the company's stock traded hands, compared to its average volume of 4,764,049. The stock has a market capitalization of $150.61 billion, a PE ratio of 35.41, a price-to-earnings-growth ratio of 1.69 and a beta of 1.35. The firm's 50-day moving average price is $92.00 and its two-hundred day moving average price is $83.94. Interactive Brokers Group, Inc. has a one year low of $58.95 and a one year high of $98.75.

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

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Tuesday, September 1st were paid a dividend of $0.0875 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. Interactive Brokers Group's dividend payout ratio is presently 14.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IBKR. Piper Sandler set a $109.00 price target on Interactive Brokers Group in a research note on Wednesday, July 22nd. Barclays set a $114.00 target price on Interactive Brokers Group and gave the company an "overweight" rating in a report on Wednesday, July 22nd. Weiss Ratings raised Interactive Brokers Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, July 15th. Raymond James Financial initiated coverage on Interactive Brokers Group in a report on Wednesday, August 26th. They set a "market perform" rating for the company. Finally, Wolfe Research initiated coverage on shares of Interactive Brokers Group in a research note on Monday, June 8th. They issued an "outperform" rating and a $101.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Interactive Brokers Group has an average rating of "Moderate Buy" and an average price target of $98.90.

Interactive Brokers Group Company 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.

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