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

Key Points

• The New York State Teachers Retirement System increased its stake in Interactive Brokers Group by 300%, now holding a total of 309,548 shares valued at approximately $17.15 million.
• Interactive Brokers recently reported quarterly earnings of $0.57 EPS, surpassing analysts' estimates of $0.49, with a revenue of $1.66 billion for the quarter, indicating a year-over-year increase of 21.2%.
• A recent quarterly dividend of $0.08 per share has been announced, reflecting an annualized dividend yield of 0.5%, with an ex-dividend date of December 1st.

New York State Teachers Retirement System increased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 300.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 309,548 shares of the financial services provider's stock after purchasing an additional 232,161 shares during the period. New York State Teachers Retirement System's holdings in Interactive Brokers Group were worth $17,152,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. N.E.W. Advisory Services LLC bought a new position in shares of Interactive Brokers Group in the first quarter worth $26,000. ORG Partners LLC increased its position in shares of Interactive Brokers Group by 312.9% in the second quarter. ORG Partners LLC now owns 479 shares of the financial services provider's stock worth $27,000 after purchasing an additional 363 shares during the period. Contravisory Investment Management Inc. increased its position in shares of 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 worth $31,000 after purchasing an additional 423 shares during the period. Private Wealth Asset Management LLC increased its position in shares of Interactive Brokers Group by 300.0% in the second quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider's stock worth $32,000 after purchasing an additional 435 shares during the period. Finally, Nvwm LLC bought a new position in shares of Interactive Brokers Group in the first quarter worth $33,000. Institutional investors own 23.80% of the company's stock.

Insider Activity at Interactive Brokers Group

In other news, CFO Paul Jonathan Brody sold 17,058 shares of Interactive Brokers Group stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the sale, the chief financial officer directly owned 28,289 shares of the company's stock, valued at approximately $1,860,850.42. This trade represents a 37.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 1,205,683 shares of company stock worth $77,217,965 over the last quarter. Company insiders own 2.97% of the company's stock.

Interactive Brokers Group Trading Down 3.3%

Shares of IBKR stock opened at $66.23 on Friday. The business's 50-day moving average price is $65.30 and its 200-day moving average price is $56.38. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $73.35. The firm has a market capitalization of $112.34 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 2.80 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the firm posted $1.61 earnings per share. The business's revenue for the quarter was up 21.2% on a year-over-year basis. On average, sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Interactive Brokers Group's dividend payout ratio (DPR) is presently 16.49%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Citigroup raised their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Wall Street Zen raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $91.00 price objective on shares of Interactive Brokers Group in a research note on Friday. Barclays set a $80.00 price objective on Interactive Brokers Group and gave the company an "overweight" rating in a research note on Friday. Finally, Piper Sandler set a $80.00 price objective on Interactive Brokers Group and gave the company an "overweight" rating in a research note on Tuesday. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group currently has an average rating of "Moderate Buy" and an average target price of $71.34.

About Interactive Brokers Group

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.

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