Strs Ohio Makes New $1.49 Million Investment in Interactive Brokers Group, Inc. $IBKR

Key Points

• Strs Ohio acquired 9,016 shares of Interactive Brokers Group, Inc., valued at approximately $1.49 million, marking a new position for the institutional investor in the first quarter.
• Interactive Brokers reported $1.48 billion in quarterly revenue, exceeding analyst expectations of $1.37 billion, along with an earnings per share (EPS) of $0.51.
• The company recently announced a quarterly dividend of $0.08 per share, translating to an annualized dividend yield of 0.5% and a payout ratio of 16.49%.

Strs Ohio acquired a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,016 shares of the financial services provider's stock, valued at approximately $1,493,000.

A number of other institutional investors and hedge funds have also bought and sold shares of IBKR. Compound Planning Inc. grew its holdings in shares of Interactive Brokers Group by 1.1% in the first quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider's stock worth $958,000 after purchasing an additional 62 shares during the last quarter. CWM LLC grew its holdings in shares of Interactive Brokers Group by 6.6% in the first quarter. CWM LLC now owns 1,062 shares of the financial services provider's stock worth $176,000 after purchasing an additional 66 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Interactive Brokers Group by 0.8% in the first quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider's stock worth $1,410,000 after purchasing an additional 70 shares during the last quarter. USS Investment Management Ltd grew its holdings in shares of Interactive Brokers Group by 0.4% in the first quarter. USS Investment Management Ltd now owns 20,161 shares of the financial services provider's stock worth $3,339,000 after purchasing an additional 76 shares during the last quarter. Finally, Ritholtz Wealth Management grew its holdings in shares of Interactive Brokers Group by 4.1% in the first quarter. Ritholtz Wealth Management now owns 1,987 shares of the financial services provider's stock worth $329,000 after purchasing an additional 79 shares during the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, 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 completion of the sale, the insider directly owned 461,500 shares in the company, valued at $31,146,635. The trade was a 29.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Paul Jonathan Brody sold 112,574 shares of the business's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $63.23, for a total value of $7,118,054.02. Following the sale, the chief financial officer owned 675,027 shares of the company's stock, valued at approximately $42,681,957.21. This represents a 14.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 656,154 shares of company stock valued at $42,299,977. 2.97% of the stock is owned by insiders.

Interactive Brokers Group Trading Up 4.1%

NASDAQ:IBKR traded up $2.58 during mid-day trading on Thursday, reaching $64.92. The company's stock had a trading volume of 6,259,116 shares, compared to its average volume of 7,471,271. Interactive Brokers Group, Inc. has a 12-month low of $32.65 and a 12-month high of $68.07. The firm's fifty day moving average price is $63.03 and its two-hundred day moving average price is $52.75. The stock has a market cap of $110.11 billion, a P/E ratio of 33.38, a PEG ratio of 2.54 and a beta of 1.23.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.05. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the firm earned $1.76 EPS. Interactive Brokers Group's revenue was up 14.7% on a year-over-year basis. 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 firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Monday, September 1st were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. Interactive Brokers Group's payout ratio is 16.49%.

Analyst Ratings Changes

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

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.