Interactive Brokers Group, Inc. (NASDAQ:IBKR) Position Boosted by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp raised its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,658 shares of the financial services provider’s stock after acquiring an additional 1,212 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Interactive Brokers Group were worth $10,463,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. AIA Group Ltd acquired a new stake in Interactive Brokers Group in the 4th quarter worth approximately $1,840,000. International Assets Investment Management LLC bought a new position in Interactive Brokers Group in the 4th quarter worth approximately $7,841,000. Goldman Sachs Group Inc. increased its position in Interactive Brokers Group by 122.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock worth $78,855,000 after buying an additional 524,503 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in Interactive Brokers Group by 93.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 35,170 shares of the financial services provider’s stock worth $3,044,000 after buying an additional 16,996 shares during the period. Finally, Lecap Asset Management Ltd. bought a new position in Interactive Brokers Group in the 4th quarter worth approximately $1,910,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on IBKR shares. Citigroup boosted their price objective on Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Barclays upped their target price on Interactive Brokers Group from $136.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday. Jefferies Financial Group upped their target price on Interactive Brokers Group from $138.00 to $150.00 and gave the company a “buy” rating in a research note on Monday. Bank of America upped their target price on Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Finally, Piper Sandler upped their target price on Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average target price of $132.11.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR traded up $0.34 during midday trading on Friday, reaching $121.39. The company’s stock had a trading volume of 22,975 shares, compared to its average volume of 1,016,345. Interactive Brokers Group, Inc. has a fifty-two week low of $72.60 and a fifty-two week high of $129.19. The company has a market capitalization of $51.11 billion, a P/E ratio of 20.69, a P/E/G ratio of 1.19 and a beta of 0.81. The business’s fifty day simple moving average is $123.41 and its 200-day simple moving average is $109.50.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.01. Interactive Brokers Group had a return on equity of 4.72% and a net margin of 7.62%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. On average, analysts forecast that Interactive Brokers Group, Inc. will post 6.87 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a $0.25 dividend. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.00 annualized dividend and a yield of 0.82%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 17.09%.

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.