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

New York State Teachers Retirement System raised its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 290,469 shares of the financial services provider’s stock after purchasing an additional 11,479 shares during the period. New York State Teachers Retirement System’s holdings in Interactive Brokers Group were worth $19,482,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Reflection Asset Management acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $26,000. IMA Advisory Services Inc. grew its stake in Interactive Brokers Group by 64.3% in the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 178 shares during the period. Tobam acquired a new stake in Interactive Brokers Group in the 4th quarter valued at $30,000. Entrust Financial LLC purchased a new stake in Interactive Brokers Group in the 4th quarter worth $31,000. Finally, SHP Wealth Management purchased a new stake in Interactive Brokers Group in the 4th quarter worth $31,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Performance

IBKR opened at $91.33 on Friday. The firm has a market capitalization of $154.93 billion, a PE ratio of 39.37, a PEG ratio of 2.52 and a beta of 1.33. Interactive Brokers Group, Inc. has a twelve month low of $56.33 and a twelve month high of $97.84. The firm’s 50-day moving average price is $86.64 and its 200 day moving average price is $76.40.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. Interactive Brokers Group’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.94 EPS. As a group, analysts predict that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, June 1st were given a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date was Monday, June 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 15.09%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on IBKR. Weiss Ratings cut shares of Interactive Brokers Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Piper Sandler upped their price target on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Jefferies Financial Group lowered their price objective on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a report on Monday, April 6th. BMO Capital Markets increased their target price on Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Finally, Keefe, Bruyette & Woods began coverage on Interactive Brokers Group in a research report on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.22.

Insider Activity

In related news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the completion of the sale, the director owned 173,482 shares of the company’s stock, valued at approximately $13,345,970.26. This trade represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.80% of the stock is owned by company insiders.

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.