Interactive Brokers Group, Inc. (NASDAQ:IBKR) Position Reduced by New York State Common Retirement Fund
New York State Common Retirement Fund lessened its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 10.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 89,279 shares of the financial services provider’s stock after selling 10,458 shares during the quarter. New York State Common Retirement Fund’s holdings in Interactive Brokers Group were worth $7,728,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Commonwealth Equity Services LLC boosted its stake in Interactive Brokers Group by 2.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 6,381 shares of the financial services provider’s stock valued at $552,000 after purchasing an additional 133 shares in the last quarter. Captrust Financial Advisors grew its holdings in Interactive Brokers Group by 4.1% during the third quarter. Captrust Financial Advisors now owns 3,449 shares of the financial services provider’s stock worth $220,000 after acquiring an additional 135 shares during the period. Public Employees Retirement System of Ohio raised its position in Interactive Brokers Group by 0.3% in the first quarter. Public Employees Retirement System of Ohio now owns 48,042 shares of the financial services provider’s stock worth $3,966,000 after acquiring an additional 164 shares in the last quarter. AQR Capital Management LLC raised its position in Interactive Brokers Group by 5.4% in the first quarter. AQR Capital Management LLC now owns 3,492 shares of the financial services provider’s stock worth $288,000 after acquiring an additional 180 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in Interactive Brokers Group by 7.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 2,750 shares of the financial services provider’s stock valued at $228,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 21.56% of the company’s stock.
Insiders Place Their Bets
In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 74,218 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $96.29, for a total transaction of $7,146,451.22. Following the completion of the sale, the insider now owns 234,552 shares of the company’s stock, valued at $22,585,012.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Thomas Aj Frank sold 50,300 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $90.53, for a total transaction of $4,553,659.00. Following the completion of the transaction, the insider now owns 445,352 shares of the company’s stock, valued at approximately $40,317,716.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Earl H. Nemser sold 74,218 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $96.29, for a total value of $7,146,451.22. Following the completion of the sale, the insider now directly owns 234,552 shares in the company, valued at approximately $22,585,012.08. The disclosure for this sale can be found here. Insiders sold 455,027 shares of company stock valued at $41,756,614 over the last quarter. Insiders own 3.34% of the company’s stock.
Interactive Brokers Group Price Performance
Shares of IBKR opened at $98.06 on Friday. The business’s 50-day moving average is $86.70 and its 200-day moving average is $86.46. The company has a market capitalization of $41.28 billion, a price-to-earnings ratio of 17.33, a P/E/G ratio of 0.87 and a beta of 0.80. Interactive Brokers Group, Inc. has a fifty-two week low of $70.83 and a fifty-two week high of $98.48.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last announced its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.01). The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Interactive Brokers Group had a return on equity of 4.66% and a net margin of 7.72%. Interactive Brokers Group’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.30 earnings per share. Equities research analysts expect that Interactive Brokers Group, Inc. will post 6.07 earnings per share for the current fiscal year.
Interactive Brokers Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Friday, March 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Thursday, February 29th. Interactive Brokers Group’s payout ratio is presently 7.07%.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on IBKR. UBS Group dropped their target price on shares of Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating on the stock in a report on Tuesday, January 9th. Barclays increased their price objective on Interactive Brokers Group from $110.00 to $112.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. The Goldman Sachs Group raised Interactive Brokers Group from a “neutral” rating to a “buy” rating and upped their target price for the company from $88.00 to $102.00 in a report on Tuesday, January 9th. Finally, Redburn Atlantic started coverage on Interactive Brokers Group in a research note on Friday, December 1st. They issued a “buy” rating and a $100.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus target price of $110.38.
Check Out Our Latest Report on Interactive Brokers Group
Interactive Brokers Group Profile
Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in routing, executing, and processing trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.
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