Retirement Systems of Alabama Decreases Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Retirement Systems of Alabama lessened its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 0.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 263,327 shares of the financial services provider's stock after selling 2,184 shares during the period. Retirement Systems of Alabama owned approximately 0.06% of Interactive Brokers Group worth $32,284,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in IBKR. Norges Bank purchased a new position in shares of Interactive Brokers Group during the fourth quarter valued at approximately $97,476,000. Goldman Sachs Group Inc. boosted its position in shares of Interactive Brokers Group by 122.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider's stock valued at $78,855,000 after buying an additional 524,503 shares during the last quarter. Bares Capital Management Inc. boosted its position in shares of Interactive Brokers Group by 10.4% during the first quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider's stock valued at $313,920,000 after buying an additional 264,543 shares during the last quarter. Woodson Capital Management LP purchased a new position in shares of Interactive Brokers Group during the fourth quarter valued at approximately $16,000,000. Finally, Scout Investments Inc. purchased a new position in Interactive Brokers Group in the first quarter worth $18,335,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock traded down $0.70 during mid-day trading on Friday, reaching $123.40. The company's stock had a trading volume of 1,070,784 shares, compared to its average volume of 1,027,713. The company has a market capitalization of $51.96 billion, a P/E ratio of 21.09, a PEG ratio of 1.07 and a beta of 0.81. The firm's fifty day moving average price is $120.64 and its two-hundred day moving average price is $116.18. Interactive Brokers Group, Inc. has a 12-month low of $72.60 and a 12-month high of $129.19.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.02. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. The business had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter in the prior year, the firm posted $1.32 EPS. The firm's quarterly revenue was up 21.2% on a year-over-year basis. On average, research analysts predict that Interactive Brokers Group, Inc. will post 6.76 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.81%. Interactive Brokers Group's dividend payout ratio (DPR) is currently 17.09%.

Analyst Ratings Changes

Several research firms have weighed in on IBKR. Keefe, Bruyette & Woods cut Interactive Brokers Group from an "outperform" rating to a "market perform" rating and boosted their price objective for the stock from $128.00 to $135.00 in a research report on Thursday, July 11th. Jefferies Financial Group boosted their price objective on Interactive Brokers Group from $138.00 to $150.00 and gave the stock a "buy" rating in a research report on Monday, July 8th. Barclays boosted their price objective on Interactive Brokers Group from $145.00 to $147.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 17th. Finally, UBS Group boosted their price objective on Interactive Brokers Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday, July 9th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $132.33.

Interactive Brokers Group Company 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.