South Dakota Investment Council Acquires 72,957 Shares of Interactive Brokers Group, Inc. $IBKR

South Dakota Investment Council increased its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 301.7% during the second quarter, Holdings Channel reports. The firm owned 97,135 shares of the financial services provider’s stock after buying an additional 72,957 shares during the quarter. South Dakota Investment Council’s holdings in Interactive Brokers Group were worth $5,382,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. N.E.W. Advisory Services LLC bought a new stake in shares of Interactive Brokers Group in the 1st quarter valued at about $26,000. Nvwm LLC bought a new stake in shares of Interactive Brokers Group in the 1st quarter valued at about $33,000. ASR Vermogensbeheer N.V. bought a new stake in shares of Interactive Brokers Group in the 1st quarter valued at about $33,000. Quarry LP raised its holdings in shares of Interactive Brokers Group by 486.3% in the 1st quarter. Quarry LP now owns 299 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 248 shares during the period. Finally, Smithfield Trust Co raised its holdings in shares of Interactive Brokers Group by 78.5% in the 1st quarter. Smithfield Trust Co now owns 341 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 150 shares during the period. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Stock Up 3.9%

Shares of NASDAQ:IBKR opened at $73.08 on Tuesday. The company’s 50 day moving average price is $66.35 and its two-hundred day moving average price is $58.90. Interactive Brokers Group, Inc. has a 12-month low of $32.82 and a 12-month high of $73.35. The firm has a market cap of $123.95 billion, a PE ratio of 35.09, a PEG ratio of 2.16 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the business posted $1.61 EPS. The business’s revenue was up 21.2% compared to the same quarter last year. On average, research analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, December 1st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, December 1st. Interactive Brokers Group’s dividend payout ratio is presently 15.38%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on IBKR shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $91.00 target price on shares of Interactive Brokers Group in a report on Friday, October 17th. Barclays set a $80.00 price target on shares of Interactive Brokers Group and gave the company an “overweight” rating in a report on Friday, October 17th. Citigroup increased 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. BMO Capital Markets increased their price target on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a report on Tuesday, October 14th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $72.08.

Insider Buying and Selling

In related news, CFO Paul Jonathan Brody sold 17,058 shares of the stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the sale, the chief financial officer owned 28,289 shares in the company, valued at approximately $1,860,850.42. This trade represents a 37.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jill Bright purchased 400 shares of Interactive Brokers Group stock in a transaction that occurred on Thursday, October 23rd. The shares were purchased at an average price of $65.95 per share, for a total transaction of $26,380.00. Following the transaction, the director directly owned 10,304 shares in the company, valued at $679,548.80. This represents a 4.04% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have sold 1,220,797 shares of company stock worth $78,337,744. Corporate insiders own 2.97% of the company’s stock.

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.