Public Employees Retirement System of Ohio Has $15.60 Million Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Key Points

• The Public Employees Retirement System of Ohio significantly increased its holdings in Interactive Brokers Group by 397.3% in the second quarter, bringing its total investment to approximately $15.60 million.
• Multiple institutional investors have also boosted their stakes in Interactive Brokers, including American Century Companies, which raised its holdings by an astounding 1,476.3% in the first quarter.
• Analysts have a consensus rating of "Moderate Buy" for Interactive Brokers Group, with a target price range increasing from $53.75 to $73.00 according to various brokerages.

Public Employees Retirement System of Ohio grew its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 397.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 281,554 shares of the financial services provider's stock after purchasing an additional 224,932 shares during the period. Public Employees Retirement System of Ohio's holdings in Interactive Brokers Group were worth $15,601,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. American Century Companies Inc. lifted its holdings in shares of Interactive Brokers Group by 1,476.3% in the first quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider's stock worth $237,453,000 after acquiring an additional 1,343,007 shares during the last quarter. RV Capital AG increased its position in Interactive Brokers Group by 300.0% during the 2nd quarter. RV Capital AG now owns 849,920 shares of the financial services provider's stock worth $47,094,000 after purchasing an additional 637,440 shares in the last quarter. GAMMA Investing LLC lifted its stake in Interactive Brokers Group by 22,211.1% in the 1st quarter. GAMMA Investing LLC now owns 423,910 shares of the financial services provider's stock valued at $701,950,000 after purchasing an additional 422,010 shares during the last quarter. KBC Group NV lifted its stake 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 during the last quarter. Finally, Invesco Ltd. boosted its position in 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 in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IBKR. Wall Street Zen upgraded shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Citigroup increased their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Piper Sandler boosted their target price on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Finally, Barclays increased their price target on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $59.38.

Insider Buying and Selling

In other news, Vice Chairman Earl H. Nemser sold 194,086 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the completion of the sale, the insider owned 461,500 shares in the company, valued at $31,146,635. This trade represents a 29.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Paul Jonathan Brody sold 116,861 shares of the business's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $64.73, for a total value of $7,564,412.53. Following the completion of the sale, the chief financial officer owned 158,954 shares in the company, valued at approximately $10,289,092.42. The trade was a 42.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,174,329 shares of company stock valued at $75,169,366 over the last three months. Insiders own 2.97% of the company's stock.

Interactive Brokers Group Trading Up 0.8%

Shares of Interactive Brokers Group stock opened at $64.97 on Friday. The stock has a fifty day simple moving average of $63.69 and a 200 day simple moving average of $53.46. The company has a market capitalization of $110.20 billion, a P/E ratio of 33.40, a price-to-earnings-growth ratio of 2.62 and a beta of 1.23. Interactive Brokers Group, Inc. has a 12-month low of $32.82 and a 12-month high of $68.07.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.05. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The business had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.37 billion. During the same period in the previous year, the company earned $1.76 earnings per share. The firm's revenue for the quarter was up 14.7% compared to the same quarter last year. On average, analysts predict 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. Investors of record on Monday, September 1st were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, August 29th. Interactive Brokers Group's payout ratio is 16.49%.

About Interactive Brokers Group

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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