Interactive Brokers Group, Inc. $IBKR Shares Sold by New York State Teachers Retirement System

by · The Cerbat Gem

New York State Teachers Retirement System lowered its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 11.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 274,547 shares of the financial services provider’s stock after selling 35,001 shares during the quarter. New York State Teachers Retirement System’s holdings in Interactive Brokers Group were worth $18,892,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. ORG Partners LLC raised its position in Interactive Brokers Group by 312.9% in the 2nd quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 363 shares during the last quarter. Huntington National Bank grew its position in Interactive Brokers Group by 51.8% during the 2nd 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. Contravisory Investment Management Inc. increased its stake in Interactive Brokers Group by 300.0% in the second quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 423 shares during the period. LFA Lugano Financial Advisors SA purchased a new stake in shares of Interactive Brokers Group in the second quarter valued at about $32,000. Finally, Private Wealth Asset Management LLC boosted its stake in shares of Interactive Brokers Group by 300.0% during the second quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock worth $32,000 after buying an additional 435 shares during the period. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Price Performance

IBKR opened at $70.59 on Wednesday. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $73.35. The stock has a market capitalization of $119.73 billion, a P/E ratio of 33.90, a P/E/G ratio of 2.00 and a beta of 1.24. The business has a 50 day simple moving average of $66.25 and a 200-day simple moving average of $65.11.

Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last released its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.08. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.Interactive Brokers Group’s revenue was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.61 earnings per share. Research analysts anticipate 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 was paid on Friday, December 12th. Investors of record on Monday, December 1st were paid a $0.08 dividend. The ex-dividend date was Monday, December 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.38%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on IBKR shares. BMO Capital Markets boosted their price target on Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Piper Sandler set a $80.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a report on Tuesday, October 14th. CICC Research began coverage on Interactive Brokers Group in a research note on Monday, October 27th. They set an “outperform” rating and a $78.00 price target for the company. Zacks Research lowered shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $91.00 price objective on shares of Interactive Brokers Group in a research note on Friday, October 17th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $75.25.

Read Our Latest Stock Analysis on IBKR

Insider Transactions at Interactive Brokers Group

In other news, Director Jill Bright purchased 400 shares of the stock in a transaction that occurred on Thursday, October 23rd. The shares were acquired at an average price of $65.95 per share, for a total transaction of $26,380.00. Following the acquisition, the director directly owned 10,304 shares in the company, valued at approximately $679,548.80. The trade was a 4.04% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lawrence E. Harris sold 10,645 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $69.00, for a total value of $734,505.00. Following the completion of the transaction, the director directly owned 198,704 shares of the company’s stock, valued at $13,710,576. The trade was a 5.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 55,000 shares of company stock worth $3,767,363. 2.97% of the stock is owned by insiders.

Interactive Brokers Group Profile

(Free Report)

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.

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