Interactive Brokers Group, Inc. $IBKR Position Increased by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lifted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 282.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 575,604 shares of the financial services provider’s stock after purchasing an additional 425,118 shares during the period. Interactive Brokers Group comprises approximately 0.3% of Texas Permanent School Fund Corp’s portfolio, making the stock its 26th largest holding. Texas Permanent School Fund Corp’s holdings in Interactive Brokers Group were worth $31,894,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. ORG Partners LLC raised its stake in Interactive Brokers Group by 312.9% during the second quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 363 shares during the period. Huntington National Bank boosted its stake in Interactive Brokers Group by 51.8% in the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 176 shares during the period. Contravisory Investment Management Inc. grew its holdings in shares of Interactive Brokers Group by 300.0% during the second quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 423 shares during the last quarter. Private Wealth Asset Management LLC raised its position in shares of Interactive Brokers Group by 300.0% during the 2nd quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 435 shares during the period. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of Interactive Brokers Group in the 2nd quarter worth approximately $32,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IBKR has been the subject of a number of analyst reports. Barclays restated an “overweight” rating and set a $81.00 price objective (up previously from $80.00) on shares of Interactive Brokers Group in a research report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 8th. The Goldman Sachs Group restated a “buy” rating and set a $91.00 price target on shares of Interactive Brokers Group in a research report on Friday, October 17th. BMO Capital Markets increased their price objective on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $72.19.

Insider Buying and Selling

In related news, CFO Paul Jonathan Brody sold 116,861 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The stock was 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 $10,289,092.42. The trade was a 42.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lawrence E. Harris sold 22,000 shares of the stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $67.63, for a total value of $1,487,860.00. Following the transaction, the director directly owned 231,704 shares of the company’s stock, valued at approximately $15,670,141.52. The trade was a 8.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 508,235 shares of company stock worth $32,606,311 in the last quarter. Company insiders own 2.97% of the company’s stock.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $64.15 on Monday. The stock has a market cap of $108.81 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 1.95 and a beta of 1.26. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $73.35. The business has a fifty day moving average of $67.29 and a 200-day moving average of $62.81.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.08. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.47 billion. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.61 earnings per share. On average, equities research 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 disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Monday, December 1st were issued a $0.08 dividend. The ex-dividend date was Monday, December 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.38%.

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.