Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stock Holdings Lowered by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,541 shares of the financial services provider’s stock after selling 1,599 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Interactive Brokers Group were worth $5,092,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in IBKR. Boston Financial Mangement LLC boosted its stake in shares of Interactive Brokers Group by 5.4% during the 3rd quarter. Boston Financial Mangement LLC now owns 1,955 shares of the financial services provider’s stock worth $272,000 after acquiring an additional 100 shares in the last quarter. First Citizens Bank & Trust Co. boosted its position in shares of Interactive Brokers Group by 5.6% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,007 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 107 shares during the period. Tortoise Investment Management LLC increased its stake in Interactive Brokers Group by 76.6% in the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 111 shares in the last quarter. Signaturefd LLC raised its holdings in Interactive Brokers Group by 9.5% during the 3rd quarter. Signaturefd LLC now owns 1,359 shares of the financial services provider’s stock worth $189,000 after buying an additional 118 shares during the period. Finally, Insight Wealth Strategies LLC lifted its stake in Interactive Brokers Group by 0.7% during the third quarter. Insight Wealth Strategies LLC now owns 18,686 shares of the financial services provider’s stock valued at $2,604,000 after buying an additional 125 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IBKR. Jefferies Financial Group lifted their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Barclays cut their target price on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Piper Sandler reaffirmed an “overweight” rating and issued a $163.00 target price on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Finally, UBS Group upped their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $143.00.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $179.49 on Tuesday. The company has a market capitalization of $75.58 billion, a P/E ratio of 27.40, a P/E/G ratio of 1.31 and a beta of 0.79. The stock’s 50 day moving average price is $143.39 and its 200 day moving average price is $129.45. Interactive Brokers Group, Inc. has a 52 week low of $72.60 and a 52 week high of $179.68.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.82%. During the same period in the previous year, the firm posted $1.55 EPS. As a group, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 6.9 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio is 15.27%.

Interactive Brokers Group Company 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.