New York State Common Retirement Fund cut its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 7.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,702 shares of the financial services provider's stock after selling 4,800 shares during the quarter. New York State Common Retirement Fund's holdings in Interactive Brokers Group were worth $9,886,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of IBKR. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of 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 worth $48,000 after buying an additional 157 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Interactive Brokers Group by 6.2% during 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 period. Rovida Investment Management Ltd purchased a new stake in shares of Interactive Brokers Group during the fourth quarter valued at approximately $17,652,000. Orion Portfolio Solutions LLC bought a new position in shares of Interactive Brokers Group during the fourth quarter valued at approximately $242,000. Finally, New Age Alpha Advisors LLC bought a new position in Interactive Brokers Group in the fourth quarter worth $10,888,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts have issued reports on IBKR shares. Barclays raised their target price on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a research report on Friday. Bank of America dropped their price target on Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Citigroup upped their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Wall Street Zen raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Finally, Piper Sandler raised their price objective on Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a report on Tuesday. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $59.38.
Read Our Latest Stock Analysis on Interactive Brokers Group
Interactive Brokers Group Stock Up 7.8%
Interactive Brokers Group stock traded up $4.62 during mid-day trading on Friday, hitting $64.05. 15,002,107 shares of the company's stock traded hands, compared to its average volume of 5,850,955. The company has a market cap of $108.28 billion, a PE ratio of 32.93, a price-to-earnings-growth ratio of 2.91 and a beta of 1.25. The firm has a 50 day moving average price of $53.84 and a 200 day moving average price of $49.36. Interactive Brokers Group, Inc. has a one year low of $25.92 and a one year high of $65.74.
Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) 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. Interactive Brokers Group had a return on equity of 5.06% and a net margin of 9.78%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the company posted $1.76 earnings per share. The firm's revenue for the quarter was up 14.7% on a year-over-year basis. On average, analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.
Interactive Brokers Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Monday, September 1st will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Friday, August 29th. Interactive Brokers Group's payout ratio is 17.30%.
Interactive Brokers Group Profile
(
Free Report)
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.
Featured Articles
Before you consider Interactive Brokers Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Interactive Brokers Group wasn't on the list.
While Interactive Brokers Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
