Louisiana State Employees Retirement System Increases Stake in Interactive Brokers Group, Inc. $IBKR

Louisiana State Employees Retirement System boosted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 302.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 122,600 shares of the financial services provider's stock after purchasing an additional 92,100 shares during the period. Louisiana State Employees Retirement System's holdings in Interactive Brokers Group were worth $6,793,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in Interactive Brokers Group by 1,476.3% during the first quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider's stock valued at $237,453,000 after purchasing an additional 1,343,007 shares during the period. RV Capital AG boosted its stake in shares of Interactive Brokers Group by 300.0% in the second quarter. RV Capital AG now owns 849,920 shares of the financial services provider's stock worth $47,094,000 after buying an additional 637,440 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Interactive Brokers Group by 283.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 516,526 shares of the financial services provider's stock valued at $28,621,000 after buying an additional 381,656 shares in the last quarter. KBC Group NV lifted its holdings in Interactive Brokers Group by 255.1% in the 1st quarter. KBC Group NV now owns 522,221 shares of the financial services provider's stock valued at $86,474,000 after purchasing an additional 375,173 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Interactive Brokers Group by 45.6% in the first quarter. Invesco Ltd. now owns 1,115,214 shares of the financial services provider's stock valued at $184,668,000 after buying an additional 349,255 shares during the last quarter. 23.80% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Paul Jonathan Brody sold 116,861 shares of the business's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the sale, the chief financial officer owned 158,954 shares of the company's stock, valued at approximately $10,289,092.42. The trade was a 42.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the sale, the insider directly owned 461,500 shares in the company, valued at approximately $31,146,635. This represents a 29.60% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,205,683 shares of company stock worth $77,217,965. Corporate insiders own 2.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on IBKR shares. Zacks Research downgraded shares of Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 2nd. BMO Capital Markets initiated coverage on Interactive Brokers Group in a report on Friday, October 3rd. They issued an "outperform" rating and a $82.00 target price for the company. Barclays lifted their price target on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Wall Street Zen upgraded shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Finally, Piper Sandler increased their price target on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Interactive Brokers Group presently has a consensus rating of "Moderate Buy" and an average target price of $64.47.

Interactive Brokers Group Stock Down 0.4%

Shares of Interactive Brokers Group stock opened at $69.35 on Wednesday. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $71.78. The company's 50-day simple moving average is $64.50 and its 200-day simple moving average is $54.99. The firm has a market cap of $117.63 billion, a price-to-earnings ratio of 35.66, a price-to-earnings-growth ratio of 2.86 and a beta of 1.22.

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

Interactive Brokers Group Dividend Announcement

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

Interactive Brokers Group 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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