Texas Permanent School Fund boosted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 0.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 49,638 shares of the financial services provider’s stock after buying an additional 416 shares during the period. Texas Permanent School Fund’s holdings in Interactive Brokers Group were worth $1,857,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in IBKR. Swiss National Bank boosted its stake in Interactive Brokers Group by 1.2% in the first quarter. Swiss National Bank now owns 106,400 shares of the financial services provider’s stock valued at $3,694,000 after buying an additional 1,300 shares during the last quarter. Teachers Advisors LLC boosted its stake in Interactive Brokers Group by 7.9% in the fourth quarter. Teachers Advisors LLC now owns 66,885 shares of the financial services provider’s stock valued at $2,442,000 after buying an additional 4,914 shares during the last quarter. Oakcliff Capital Partners LP purchased a new stake in Interactive Brokers Group during the first quarter valued at approximately $16,817,000. Gamco Investors INC. ET AL purchased a new stake in Interactive Brokers Group during the first quarter valued at approximately $1,003,000. Finally, KCG Holdings Inc. boosted its stake in Interactive Brokers Group by 8.4% in the first quarter. KCG Holdings Inc. now owns 11,854 shares of the financial services provider’s stock valued at $412,000 after buying an additional 917 shares during the last quarter. Hedge funds and other institutional investors own 14.25% of the company’s stock.

Shares of Interactive Brokers Group, Inc. (IBKR) opened at 40.68 on Friday. The company has a market cap of $2.91 billion, a PE ratio of 39.73 and a beta of 0.94. Interactive Brokers Group, Inc. has a 1-year low of $31.97 and a 1-year high of $41.00. The company has a 50-day moving average price of $38.67 and a 200-day moving average price of $36.75.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.05. The business had revenue of $387 million for the quarter, compared to the consensus estimate of $377.65 million. Interactive Brokers Group had a return on equity of 1.19% and a net margin of 4.97%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 earnings per share. Equities research analysts expect that Interactive Brokers Group, Inc. will post $1.51 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors 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 dividend on an annualized basis and a yield of 0.98%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 38.84%.

ILLEGAL ACTIVITY NOTICE: This story was originally published by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another website, it was copied illegally and reposted in violation of United States & international trademark and copyright legislation. The original version of this story can be accessed at https://www.watchlistnews.com/texas-permanent-school-fund-increases-position-in-interactive-brokers-group-inc-ibkr/1480749.html.

Several equities research analysts have commented on IBKR shares. Zacks Investment Research cut Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $38.00 target price on shares of Interactive Brokers Group in a research note on Friday, June 30th. Rosenblatt Securities started coverage on Interactive Brokers Group in a research note on Thursday, July 13th. They issued a “neutral” rating and a $40.00 target price on the stock. BidaskClub cut Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, ValuEngine upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Interactive Brokers Group has a consensus rating of “Hold” and an average price target of $39.17.

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 1,657 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $40.42, for a total value of $66,975.94. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Paul Jonathan Brody sold 11,331 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $40.54, for a total value of $459,358.74. The disclosure for this sale can be found here. Insiders have sold 88,291 shares of company stock worth $3,568,733 over the last quarter. 3.41% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding IBKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interactive Brokers Group, Inc. (NASDAQ:IBKR).

Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

Receive News & Ratings for Interactive Brokers Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interactive Brokers Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.