Teacher Retirement System of Texas Has $3.67 Million Holdings in Interactive Brokers Group, Inc. $IBKR

Teacher Retirement System of Texas grew its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 315.7% in the 2nd quarter, Holdings Channel reports. The fund owned 66,168 shares of the financial services provider’s stock after purchasing an additional 50,252 shares during the quarter. Teacher Retirement System of Texas’ holdings in Interactive Brokers Group were worth $3,666,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of IBKR. N.E.W. Advisory Services LLC acquired a new position in Interactive Brokers Group during the 1st quarter valued at $26,000. ORG Partners LLC increased its holdings in shares of Interactive Brokers Group by 312.9% during the 2nd quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 363 shares during the period. Contravisory Investment Management Inc. raised its position 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 buying an additional 423 shares during the last quarter. Private Wealth Asset Management LLC lifted its stake in shares of Interactive Brokers Group by 300.0% in the second quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock valued at $32,000 after buying an additional 435 shares during the period. Finally, Nvwm LLC acquired a new stake in Interactive Brokers Group during the first quarter worth about $33,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $70.36 on Friday. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $73.35. The business has a fifty day moving average of $66.15 and a two-hundred day moving average of $58.53. The stock has a market cap of $119.34 billion, a PE ratio of 33.79, a PEG ratio of 2.16 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results 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. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The business 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 firm earned $1.61 EPS. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. Analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is 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 presently 15.38%.

Insider Buying and Selling

In related news, CFO Paul Jonathan Brody sold 116,861 shares of the firm’s stock in a transaction 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 completion of the sale, the chief financial officer directly owned 158,954 shares of the company’s stock, valued at $10,289,092.42. This trade represents a 42.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total value of $13,098,864.14. Following the completion of the transaction, the insider directly owned 461,500 shares in the company, valued at approximately $31,146,635. This represents a 29.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,220,797 shares of company stock valued at $78,337,744 in the last quarter. 2.97% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $91.00 price target on shares of Interactive Brokers Group in a report on Friday, October 17th. CICC Research started coverage on Interactive Brokers Group in a research report on Monday, October 27th. They set an “outperform” rating and a $78.00 price objective on the stock. BMO Capital Markets raised their target price on Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Piper Sandler set a $80.00 price target on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Finally, Citigroup boosted 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. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average target price of $72.08.

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.