Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stake Held by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System maintained its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the second quarter, Holdings Channel reports. The fund owned 27,700 shares of the financial services provider’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Interactive Brokers Group were worth $1,037,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Alaska Department of Revenue boosted its stake in shares of Interactive Brokers Group by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 7,540 shares of the financial services provider’s stock worth $261,000 after buying an additional 160 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of Interactive Brokers Group by 1.2% in the first quarter. Municipal Employees Retirement System of Michigan now owns 15,530 shares of the financial services provider’s stock worth $539,000 after buying an additional 190 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Interactive Brokers Group by 0.3% in the first quarter. Prudential Financial Inc. now owns 113,689 shares of the financial services provider’s stock worth $3,947,000 after buying an additional 390 shares in the last quarter. Gotham Asset Management LLC boosted its stake in shares of Interactive Brokers Group by 4.7% in the first quarter. Gotham Asset Management LLC now owns 10,591 shares of the financial services provider’s stock worth $368,000 after buying an additional 479 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of Interactive Brokers Group by 1.4% in the first quarter. Arizona State Retirement System now owns 35,468 shares of the financial services provider’s stock worth $1,231,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 14.34% of the company’s stock.

Interactive Brokers Group, Inc. (NASDAQ IBKR) opened at 39.98 on Friday. The firm has a market cap of $2.76 billion, a PE ratio of 39.04 and a beta of 0.93. The company’s 50 day moving average price is $37.63 and its 200 day moving average price is $36.56. Interactive Brokers Group, Inc. has a 52-week low of $31.97 and a 52-week high of $40.10.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.37 by $0.05. Interactive Brokers Group had a net margin of 4.97% and a return on equity of 1.19%. The company had revenue of $387 million for the quarter, compared to analyst estimates of $377.65 million. During the same quarter in the prior year, the company posted $0.40 EPS. Interactive Brokers Group’s revenue for the quarter was up 4.9% on a year-over-year basis. Analysts predict that Interactive Brokers Group, Inc. will post $1.51 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.00%. Interactive Brokers Group’s dividend payout ratio is currently 38.84%.

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A number of analysts have weighed in on IBKR shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $41.00 price target on shares of Interactive Brokers Group in a research report on Wednesday, April 12th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $38.00 price target on shares of Interactive Brokers Group in a research report on Wednesday, April 19th. Zacks Investment Research raised Interactive Brokers Group from a “sell” rating to a “hold” rating and set a $41.00 price target for the company in a research report on Tuesday, June 20th. BidaskClub raised Interactive Brokers Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Finally, Wells Fargo & Company cut Interactive Brokers Group from a “market perform” rating to an “underperform” rating in a research report on Monday, April 3rd. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $39.17.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.

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