New Mexico Educational Retirement Board Has $3.93 Million Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

New Mexico Educational Retirement Board grew its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,228 shares of the financial services provider’s stock after purchasing an additional 1,168 shares during the period. New Mexico Educational Retirement Board’s holdings in Interactive Brokers Group were worth $3,927,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in IBKR. JPMorgan Chase & Co. increased its stake in Interactive Brokers Group by 0.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider’s stock worth $559,821,000 after acquiring an additional 11,379 shares during the period. State Street Corp raised its stake in Interactive Brokers Group by 1.7% in the third quarter. State Street Corp now owns 3,222,135 shares of the financial services provider’s stock valued at $449,037,000 after purchasing an additional 52,911 shares in the last quarter. Geode Capital Management LLC raised its stake in Interactive Brokers Group by 5.4% in the third quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider’s stock valued at $287,921,000 after purchasing an additional 106,392 shares in the last quarter. FMR LLC grew its stake in Interactive Brokers Group by 12.2% during the third quarter. FMR LLC now owns 1,094,598 shares of the financial services provider’s stock worth $152,543,000 after buying an additional 119,187 shares in the last quarter. Finally, Bamco Inc. NY increased its holdings in Interactive Brokers Group by 16.3% in the 3rd quarter. Bamco Inc. NY now owns 912,608 shares of the financial services provider’s stock valued at $127,181,000 after buying an additional 127,640 shares during the period. 23.80% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Jill Bright purchased 135 shares of the stock in a transaction on Friday, January 31st. The stock was purchased at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.21% of the company’s stock.

Wall Street Analyst Weigh In

IBKR has been the subject of a number of recent analyst reports. Citigroup upped their price target on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Barclays raised their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. UBS Group boosted their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Piper Sandler reaffirmed an “overweight” rating and issued a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group boosted their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.13.

Interactive Brokers Group Trading Down 0.3 %

Shares of IBKR stock opened at $234.12 on Friday. The firm has a market capitalization of $98.92 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 1.62 and a beta of 0.89. The business’s 50-day moving average price is $196.38 and its 200-day moving average price is $163.47. Interactive Brokers Group, Inc. has a 12 month low of $101.36 and a 12 month high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $1.81 by $0.22. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm’s revenue was up 21.8% compared to the same quarter last year. During the same period last year, the company earned $1.52 EPS. On average, sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.39 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s payout ratio is presently 14.16%.

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.