California Public Employees Retirement System Has $62.43 Million Position in Interactive Brokers Group, Inc. $IBKR

California Public Employees Retirement System boosted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 6.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 930,850 shares of the financial services provider’s stock after buying an additional 55,097 shares during the period. California Public Employees Retirement System’s holdings in Interactive Brokers Group were worth $62,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Reflection Asset Management acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth $26,000. IMA Advisory Services Inc. increased its position in Interactive Brokers Group by 64.3% during the fourth 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 period. Tobam bought a new position in Interactive Brokers Group during the fourth quarter worth about $30,000. Entrust Financial LLC acquired a new stake in Interactive Brokers Group in the 4th quarter worth about $31,000. Finally, SHP Wealth Management acquired a new stake in Interactive Brokers Group in the 4th quarter worth about $31,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IBKR has been the topic of a number of analyst reports. Piper Sandler set a $105.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Wednesday. Barclays lifted their price target on shares of Interactive Brokers Group from $93.00 to $108.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. BMO Capital Markets boosted their price target on Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Weiss Ratings raised Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Finally, Jefferies Financial Group lowered their price objective on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $93.89.

Insider Transactions at Interactive Brokers Group

In related news, Director Lawrence E. Harris sold 26,000 shares of Interactive Brokers Group stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total value of $2,000,180.00. Following the transaction, the director directly owned 173,482 shares of the company’s stock, valued at $13,345,970.26. This trade represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.80% of the stock is owned by company insiders.

Interactive Brokers Group Price Performance

IBKR opened at $90.53 on Monday. The stock has a market capitalization of $153.57 billion, a price-to-earnings ratio of 39.02, a P/E/G ratio of 2.07 and a beta of 1.33. Interactive Brokers Group, Inc. has a twelve month low of $58.95 and a twelve month high of $97.84. The company has a 50-day simple moving average of $89.43 and a 200 day simple moving average of $78.57.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period last year, the firm earned $1.94 EPS. Sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 2.55 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Monday, June 1st were given a dividend of $0.0875 per share. The ex-dividend date was Monday, June 1st. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.09%.

About Interactive Brokers Group

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.