National Pension Service Sells 13,219 Shares of Interactive Brokers Group, Inc. $IBKR

National Pension Service cut its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.5% during the 2nd quarter, Holdings Channel reports. The firm owned 895,059 shares of the financial services provider’s stock after selling 13,219 shares during the quarter. National Pension Service’s holdings in Interactive Brokers Group were worth $77,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Reflection Asset Management acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at approximately $26,000. IMA Advisory Services Inc. increased its holdings in shares of Interactive Brokers Group by 64.3% during the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 178 shares during the last quarter. Tobam acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $30,000. Entrust Financial LLC bought a new stake in Interactive Brokers Group in the 4th quarter valued at $31,000. Finally, SHP Wealth Management bought a new stake in Interactive Brokers Group in the 4th quarter valued at $31,000. Institutional investors own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

IBKR has been the subject of several research reports. Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Wolfe Research assumed coverage on shares of Interactive Brokers Group in a research report on Monday, June 8th. They issued an “outperform” rating and a $101.00 price objective on the stock. China Renaissance initiated coverage on shares of Interactive Brokers Group in a research note on Tuesday, July 7th. They set a “hold” rating for the company. UBS Group downgraded shares of Interactive Brokers Group from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $50.00 to $102.00 in a report on Tuesday, September 1st. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Interactive Brokers Group in a research note on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.90.

Interactive Brokers Group Price Performance

IBKR opened at $91.37 on Friday. The business has a fifty day simple moving average of $92.10 and a 200 day simple moving average of $83.72. Interactive Brokers Group, Inc. has a 1 year low of $58.95 and a 1 year high of $98.75. The company has a market capitalization of $155.46 billion, a PE ratio of 36.55, a price-to-earnings-growth ratio of 1.65 and a beta of 1.35.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%.The company’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 EPS. Equities analysts anticipate that Interactive Brokers Group, Inc. will post 2.68 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Tuesday, September 1st will be given a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.00%.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and related financial services to individual investors, financial professionals, hedge funds, proprietary trading groups and other institutional clients. Through its online platforms, the company offers access to stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and other investment products.

The company operates a technology-focused brokerage platform designed to provide access to multiple markets and asset classes from a single account.