New York State Common Retirement Fund Decreases Stock Holdings in Interactive Brokers Group, Inc. $IBKR

New York State Common Retirement Fund reduced its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 477,485 shares of the financial services provider’s stock after selling 28,323 shares during the period. New York State Common Retirement Fund’s holdings in Interactive Brokers Group were worth $32,856,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Huntington National Bank grew its holdings in Interactive Brokers Group by 51.8% in the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 176 shares during the last quarter. Private Wealth Asset Management LLC boosted its position in shares of Interactive Brokers Group by 300.0% in the 2nd quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 435 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new position in Interactive Brokers Group during the 2nd quarter valued at about $32,000. N.E.W. Advisory Services LLC raised its stake in Interactive Brokers Group by 300.0% in the second quarter. N.E.W. Advisory Services LLC now owns 632 shares of the financial services provider’s stock valued at $35,000 after buying an additional 474 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its stake in Interactive Brokers Group by 1,051.5% in the second quarter. First Horizon Advisors Inc. now owns 760 shares of the financial services provider’s stock valued at $42,000 after buying an additional 694 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group restated a “buy” rating and set a $91.00 price target on shares of Interactive Brokers Group in a research note on Friday, October 17th. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Piper Sandler set a $80.00 price target on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Barclays set a $83.00 price objective on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $76.39.

Insider Activity

In other news, Vice Chairman Earl H. Nemser sold 145,000 shares of the company’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $77.85, for a total value of $11,288,250.00. Following the sale, the insider owned 155,000 shares in the company, valued at $12,066,750. This represents a 48.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 400,000 shares of company stock valued at $30,725,122. Insiders own 2.97% of the company’s stock.

Interactive Brokers Group Trading Down 1.0%

Shares of NASDAQ IBKR opened at $74.88 on Friday. The company has a 50 day simple moving average of $68.19 and a two-hundred day simple moving average of $66.53. The stock has a market cap of $127.01 billion, a price-to-earnings ratio of 33.81, a PEG ratio of 2.12 and a beta of 1.24. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $78.80.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.15. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The firm’s revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 earnings per share. Analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, February 27th. Interactive Brokers Group’s payout ratio is 14.48%.

About Interactive Brokers Group

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.