Interactive Brokers Group, Inc. $IBKR Stake Boosted by Maryland State Retirement & Pension System

Key Points

• The Maryland State Retirement & Pension System increased its stake in Interactive Brokers Group by 317.3% to a total of 20,586 shares, valued at approximately $1,141,000.
• In recent insider trading, CFO Paul Jonathan Brody sold 17,058 shares for about $1.12 million, reducing his position by 37.62%.
• Equities analysts have mixed views on Interactive Brokers, with ratings ranging from "Strong Buy" to "Hold," and a consensus target price of $65.47.

Maryland State Retirement & Pension System grew its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 317.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,586 shares of the financial services provider's stock after purchasing an additional 15,653 shares during the quarter. Maryland State Retirement & Pension System's holdings in Interactive Brokers Group were worth $1,141,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. N.E.W. Advisory Services LLC bought a new position in shares of Interactive Brokers Group during the first quarter valued at approximately $26,000. Nvwm LLC acquired a new position in shares of Interactive Brokers Group during the first quarter worth approximately $33,000. ASR Vermogensbeheer N.V. acquired a new position in shares of Interactive Brokers Group during the first quarter worth approximately $33,000. North Capital Inc. acquired a new position in shares of Interactive Brokers Group during the first quarter worth approximately $49,000. Finally, Quarry LP boosted its position in shares of Interactive Brokers Group by 486.3% during the first quarter. Quarry LP now owns 299 shares of the financial services provider's stock worth $50,000 after buying an additional 248 shares during the period. 23.80% of the stock is owned by institutional investors.

Insider Activity at Interactive Brokers Group

In other news, CFO Paul Jonathan Brody sold 17,058 shares of the stock in a transaction on Friday, September 26th. The stock was sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the completion of the sale, the chief financial officer owned 28,289 shares in the company, valued at approximately $1,860,850.42. This represents a 37.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 1,205,683 shares of company stock worth $77,217,965. 2.97% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on IBKR shares. BMO Capital Markets started coverage on Interactive Brokers Group in a research report on Friday, October 3rd. They set an "outperform" rating and a $82.00 price objective for the company. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Weiss Ratings reiterated a "hold (c+)" rating on shares of Interactive Brokers Group in a research report on Saturday, September 27th. Barclays reiterated an "overweight" rating and set a $81.00 price objective (up from $73.00) on shares of Interactive Brokers Group in a research report on Wednesday. Finally, Zacks Research downgraded Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Interactive Brokers Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $65.47.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $69.01 on Monday. The stock has a fifty day moving average price of $64.87 and a two-hundred day moving average price of $55.64. The firm has a market cap of $117.05 billion, a P/E ratio of 35.48, a PEG ratio of 2.83 and a beta of 1.22. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.05. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The firm's quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the company posted $1.76 EPS. On average, research analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, September 1st were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, August 29th. Interactive Brokers Group's dividend payout ratio is 16.49%.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.

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