State Street Corp cut its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,138,042 shares of the financial services provider’s stock after selling 34,456 shares during the period. State Street Corp owned approximately 1.59% of Interactive Brokers Group worth $42,583,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS Asset Management Americas Inc. boosted its stake in shares of Interactive Brokers Group by 45.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 44,953 shares of the financial services provider’s stock worth $1,561,000 after buying an additional 13,986 shares during the last quarter. FMR LLC lifted its stake in Interactive Brokers Group by 2.2% in the 1st quarter. FMR LLC now owns 469,166 shares of the financial services provider’s stock valued at $16,290,000 after purchasing an additional 9,998 shares during the last quarter. Teachers Advisors LLC lifted its stake in Interactive Brokers Group by 2.6% in the 1st quarter. Teachers Advisors LLC now owns 68,656 shares of the financial services provider’s stock valued at $2,384,000 after purchasing an additional 1,771 shares during the last quarter. Vanguard Group Inc. lifted its stake in Interactive Brokers Group by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 5,822,138 shares of the financial services provider’s stock valued at $202,144,000 after purchasing an additional 320,626 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Interactive Brokers Group by 11.8% in the 1st quarter. Geode Capital Management LLC now owns 538,878 shares of the financial services provider’s stock valued at $18,709,000 after purchasing an additional 56,939 shares during the last quarter. 15.29% of the stock is owned by hedge funds and other institutional investors.
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In related news, insider Thomas Aj Frank sold 16,495 shares of the business’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $40.77, for a total transaction of $672,501.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Denis Mendonca sold 1,156 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $49.50, for a total transaction of $57,222.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,283,467 shares of company stock valued at $59,842,837. Insiders own 3.41% of the company’s stock.
Shares of Interactive Brokers Group, Inc. (NASDAQ IBKR) traded down $0.58 during trading on Wednesday, reaching $53.47. 25,190 shares of the company’s stock were exchanged, compared to its average volume of 539,536. The firm has a market capitalization of $22,190.58, a price-to-earnings ratio of 46.47, a P/E/G ratio of 2.73 and a beta of 1.01. Interactive Brokers Group, Inc. has a 1 year low of $33.01 and a 1 year high of $55.66.
Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. Interactive Brokers Group had a net margin of 5.29% and a return on equity of 1.35%. The company had revenue of $426.00 million for the quarter, compared to analyst estimates of $382.85 million. During the same quarter in the previous year, the business earned $0.30 earnings per share. Interactive Brokers Group’s revenue was up 23.5% compared to the same quarter last year. equities research analysts forecast that Interactive Brokers Group, Inc. will post 1.47 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, December 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.75%. The ex-dividend date is Thursday, November 30th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 34.48%.
Several research analysts have weighed in on the stock. BidaskClub raised shares of Interactive Brokers Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research raised shares of Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Tuesday, September 19th. Finally, SunTrust Banks, Inc. raised their target price on shares of Interactive Brokers Group to $48.00 and gave the stock an “average” rating in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Interactive Brokers Group has an average rating of “Hold” and an average target price of $41.67.
Interactive Brokers Group Profile
Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.
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