Louisiana State Employees Retirement System Makes New $2.50 Million Investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Louisiana State Employees Retirement System bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,100 shares of the financial services provider’s stock, valued at approximately $2,495,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Interactive Brokers Group during the fourth quarter worth $97,717,000. FMR LLC boosted its position in shares of Interactive Brokers Group by 211.7% during the third quarter. FMR LLC now owns 1,773,533 shares of the financial services provider’s stock worth $153,517,000 after buying an additional 1,204,573 shares during the period. Vanguard Group Inc. boosted its position in shares of Interactive Brokers Group by 7.0% during the third quarter. Vanguard Group Inc. now owns 9,035,116 shares of the financial services provider’s stock worth $577,435,000 after buying an additional 592,266 shares during the period. Invesco Ltd. boosted its position in shares of Interactive Brokers Group by 234.6% during the third quarter. Invesco Ltd. now owns 567,283 shares of the financial services provider’s stock worth $49,104,000 after buying an additional 397,729 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Interactive Brokers Group by 26.0% during the first quarter. Bank of America Corp DE now owns 1,857,963 shares of the financial services provider’s stock worth $153,393,000 after buying an additional 383,027 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analyst Ratings Changes

IBKR has been the subject of a number of recent research reports. Piper Sandler lifted their target price on Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, April 12th. UBS Group decreased their target price on Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a report on Tuesday, January 9th. The Goldman Sachs Group upgraded Interactive Brokers Group from a “neutral” rating to a “buy” rating and lifted their target price for the company from $88.00 to $102.00 in a report on Tuesday, January 9th. Barclays lifted their target price on Interactive Brokers Group from $117.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Finally, Citigroup lifted their target price on Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 11th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $118.13.

Insider Transactions at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 5,000 shares of Interactive Brokers Group stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total transaction of $524,300.00. Following the sale, the insider now owns 113,770 shares in the company, valued at $11,929,922.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Vice Chairman Earl H. Nemser sold 5,000 shares of Interactive Brokers Group stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total transaction of $524,300.00. Following the sale, the insider now owns 113,770 shares in the company, valued at $11,929,922.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Earl H. Nemser sold 10,000 shares of Interactive Brokers Group stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $103.53, for a total value of $1,035,300.00. Following the sale, the insider now owns 123,770 shares in the company, valued at approximately $12,813,908.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 441,800 shares of company stock worth $41,540,615. Corporate insiders own 3.21% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $107.39 on Wednesday. The company has a market capitalization of $45.21 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 1.24 and a beta of 0.83. The business has a 50-day moving average of $107.89 and a two-hundred day moving average of $92.43. Interactive Brokers Group, Inc. has a 1 year low of $70.83 and a 1 year high of $116.92.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Interactive Brokers Group had a return on equity of 4.66% and a net margin of 7.72%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the firm posted $1.30 EPS. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. As a group, equities research analysts expect that Interactive Brokers Group, Inc. will post 6.36 earnings per share for the current year.

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.