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

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

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ballentine Partners LLC increased its holdings in Interactive Brokers Group by 1.0% in the 3rd quarter. Ballentine Partners LLC now owns 15,389 shares of the financial services provider’s stock worth $1,059,000 after acquiring an additional 145 shares in the last quarter. Huntington National Bank grew its position in shares of Interactive Brokers Group by 51.8% in the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 176 shares during the period. Pullen Investment Management LLC increased its stake in shares of Interactive Brokers Group by 1.0% during the third quarter. Pullen Investment Management LLC now owns 19,748 shares of the financial services provider’s stock worth $1,359,000 after purchasing an additional 200 shares in the last quarter. World Investment Advisors increased its stake in shares of Interactive Brokers Group by 3.0% during the third quarter. World Investment Advisors now owns 6,852 shares of the financial services provider’s stock worth $471,000 after purchasing an additional 202 shares in the last quarter. Finally, PUREfi Wealth LLC raised its position in shares of Interactive Brokers Group by 4.7% during the 3rd quarter. PUREfi Wealth LLC now owns 4,554 shares of the financial services provider’s stock worth $313,000 after purchasing an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Down 1.0%

Shares of NASDAQ:IBKR opened at $74.88 on Friday. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $78.80. The stock has a market cap of $127.01 billion, a P/E ratio of 33.81, a PEG ratio of 2.12 and a beta of 1.24. The business has a fifty day moving average of $68.19 and a two-hundred day moving average of $66.53.

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

Interactive Brokers Group Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. CICC Research initiated coverage on Interactive Brokers Group in a report on Monday, October 27th. They set an “outperform” rating and a $78.00 target price for the company. Barclays set a $83.00 price target on Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. BMO Capital Markets raised their price objective on Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $91.00 target price on shares of Interactive Brokers Group in a research report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Interactive Brokers Group presently has an average rating of “Buy” and an average target price of $76.39.

Insider Buying and Selling at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 60,200 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total transaction of $4,533,060.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 400,000 shares of company stock valued at $30,725,122. Corporate insiders own 2.97% of the company’s stock.

Interactive Brokers Group Company Profile

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.