New York State Common Retirement Fund Sells 4,800 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

New York State Common Retirement Fund trimmed its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 7.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,702 shares of the financial services provider’s stock after selling 4,800 shares during the period. New York State Common Retirement Fund’s holdings in Interactive Brokers Group were worth $9,886,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in IBKR. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Interactive Brokers Group by 151.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 261 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 157 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Interactive Brokers Group by 6.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 17,008 shares of the financial services provider’s stock valued at $3,005,000 after purchasing an additional 990 shares during the last quarter. Rovida Investment Management Ltd bought a new position in shares of Interactive Brokers Group in the fourth quarter valued at about $17,652,000. Orion Portfolio Solutions LLC acquired a new stake in shares of Interactive Brokers Group during the 4th quarter worth about $242,000. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Interactive Brokers Group during the 4th quarter worth about $10,888,000. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Trading Up 7.8%

Shares of IBKR opened at $64.05 on Friday. Interactive Brokers Group, Inc. has a 12 month low of $25.92 and a 12 month high of $65.74. The firm’s 50 day moving average is $53.84 and its 200-day moving average is $49.36. The stock has a market capitalization of $108.28 billion, a PE ratio of 32.93, a P/E/G ratio of 2.70 and a beta of 1.25.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.05. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 5.06% and a net margin of 9.78%. The company’s revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the company earned $1.76 EPS. Equities research analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Monday, September 1st will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Friday, August 29th. Interactive Brokers Group’s payout ratio is currently 17.30%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Bank of America decreased their price target on shares of Interactive Brokers Group from $66.25 to $60.75 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Piper Sandler upped their target price on Interactive Brokers Group from $45.50 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday. Barclays increased their target price on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an “overweight” rating in a research note on Friday. Citigroup boosted their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Finally, Wall Street Zen upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 21st. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average price target of $59.38.

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.