New York State Common Retirement Fund Has $6.74 Million Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

New York State Common Retirement Fund decreased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 9.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,241 shares of the financial services provider’s stock after selling 8,038 shares during the quarter. New York State Common Retirement Fund’s holdings in Interactive Brokers Group were worth $6,735,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Aspire Private Capital LLC lifted its position in shares of Interactive Brokers Group by 6.1% during the 4th quarter. Aspire Private Capital LLC now owns 10,584 shares of the financial services provider’s stock valued at $877,000 after acquiring an additional 609 shares during the period. Xponance Inc. lifted its holdings in shares of Interactive Brokers Group by 2.7% during the 4th quarter. Xponance Inc. now owns 13,125 shares of the financial services provider’s stock worth $1,088,000 after acquiring an additional 347 shares during the period. AIA Group Ltd acquired a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $1,840,000. Rakuten Securities Inc. bought a new position in Interactive Brokers Group in the fourth quarter valued at approximately $34,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Interactive Brokers Group by 8.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,554 shares of the financial services provider’s stock valued at $1,621,000 after acquiring an additional 1,530 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on IBKR shares. Bank of America raised their target price on Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Jefferies Financial Group lifted their target price on Interactive Brokers Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Piper Sandler increased their target price on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Barclays lifted their price target on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. Finally, UBS Group dropped their price objective on shares of Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a research note on Tuesday, January 9th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.

Insiders Place Their Bets

In other news, insider Thomas Aj Frank sold 36,267 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $95.64, for a total transaction of $3,468,575.88. Following the completion of the transaction, the insider now directly owns 80,623 shares in the company, valued at $7,710,783.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Vice Chairman Earl H. Nemser sold 25,782 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $95.71, for a total transaction of $2,467,595.22. Following the sale, the insider now owns 208,770 shares in the company, valued at approximately $19,981,376.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas Aj Frank sold 36,267 shares of Interactive Brokers Group stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $95.64, for a total value of $3,468,575.88. Following the completion of the sale, the insider now owns 80,623 shares of the company’s stock, valued at $7,710,783.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 127,049 shares of company stock valued at $12,549,271. 3.21% of the stock is currently owned by company insiders.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $120.12 on Friday. The stock has a market cap of $50.57 billion, a P/E ratio of 20.53, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. The firm has a 50 day moving average price of $111.09 and a two-hundred day moving average price of $94.66. Interactive Brokers Group, Inc. has a 52-week low of $70.83 and a 52-week high of $120.39.

Interactive Brokers Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.25 per share. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.10. This represents a $1.00 annualized dividend and a yield of 0.83%. The ex-dividend date is Friday, May 31st. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 17.09%.

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.