New York State Teachers Retirement System Buys 232,161 Shares of Interactive Brokers Group, Inc. $IBKR

New York State Teachers Retirement System lifted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 300.0% in the second quarter, Holdings Channel.com reports. The fund owned 309,548 shares of the financial services provider’s stock after acquiring an additional 232,161 shares during the quarter. New York State Teachers Retirement System’s holdings in Interactive Brokers Group were worth $17,152,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in IBKR. GAMMA Investing LLC raised its position in shares of Interactive Brokers Group by 34.7% during the first quarter. GAMMA Investing LLC now owns 2,560 shares of the financial services provider’s stock worth $424,000 after acquiring an additional 660 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Interactive Brokers Group by 245.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 48,364 shares of the financial services provider’s stock worth $8,009,000 after acquiring an additional 34,364 shares during the last quarter. Ritholtz Wealth Management raised its position in shares of Interactive Brokers Group by 4.1% during the first quarter. Ritholtz Wealth Management now owns 1,987 shares of the financial services provider’s stock worth $329,000 after acquiring an additional 79 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Interactive Brokers Group by 3.7% during the first quarter. QRG Capital Management Inc. now owns 5,857 shares of the financial services provider’s stock worth $970,000 after acquiring an additional 208 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in Interactive Brokers Group by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 12,756 shares of the financial services provider’s stock worth $2,112,000 after purchasing an additional 340 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. BMO Capital Markets lifted their target price on Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday. Barclays set a $80.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Friday. Citigroup lifted their target price on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a report on Monday, July 7th. Wall Street Zen upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Saturday, June 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Tuesday. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $71.34.

Interactive Brokers Group Stock Performance

Shares of Interactive Brokers Group stock opened at $66.23 on Friday. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $73.35. The stock has a 50 day moving average price of $65.30 and a two-hundred day moving average price of $56.38. The stock has a market capitalization of $112.34 billion, a PE ratio of 31.80, a price-to-earnings-growth ratio of 2.80 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. Interactive Brokers Group had a return on equity of 5.17% and a net margin of 10.12%.The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the firm posted $1.61 earnings per share. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. Research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, December 1st will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group’s payout ratio is presently 16.49%.

Insider Activity at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 194,086 shares of Interactive Brokers Group stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the transaction, the insider owned 461,500 shares of the company’s stock, valued at $31,146,635. The trade was a 29.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Paul Jonathan Brody sold 116,861 shares of Interactive Brokers Group stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $64.73, for a total value of $7,564,412.53. Following the transaction, the chief financial officer directly owned 158,954 shares in the company, valued at approximately $10,289,092.42. The trade was a 42.37% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,205,683 shares of company stock worth $77,217,965. 2.97% of the stock is owned by insiders.

Interactive Brokers Group 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.