Crossmark Global Holdings Inc. Buys Shares of 14,033 Interactive Brokers Group, Inc. (IBKR)

Crossmark Global Holdings Inc. bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 14,033 shares of the financial services provider’s stock, valued at approximately $632,000.

Several other institutional investors also recently modified their holdings of the company. Alliancebernstein L.P. raised its stake in shares of Interactive Brokers Group by 0.6% in the 2nd quarter. Alliancebernstein L.P. now owns 34,504 shares of the financial services provider’s stock valued at $1,291,000 after purchasing an additional 196 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Interactive Brokers Group by 0.7% in the 2nd quarter. Gamco Investors INC. ET AL now owns 29,100 shares of the financial services provider’s stock valued at $1,089,000 after purchasing an additional 200 shares in the last quarter. Texas Permanent School Fund raised its stake in shares of Interactive Brokers Group by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 49,638 shares of the financial services provider’s stock valued at $1,857,000 after purchasing an additional 416 shares in the last quarter. State of Wisconsin Investment Board raised its stake in shares of Interactive Brokers Group by 3.8% in the 2nd quarter. State of Wisconsin Investment Board now owns 13,137 shares of the financial services provider’s stock valued at $492,000 after purchasing an additional 480 shares in the last quarter. Finally, Western Standard LLC raised its stake in shares of Interactive Brokers Group by 0.7% in the 2nd quarter. Western Standard LLC now owns 75,600 shares of the financial services provider’s stock valued at $2,829,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 15.29% of the company’s stock.

Shares of Interactive Brokers Group, Inc. (IBKR) opened at $54.08 on Thursday. The firm has a market cap of $22,252.33, a PE ratio of 46.60, a P/E/G ratio of 2.73 and a beta of 1.01. Interactive Brokers Group, Inc. has a 12 month low of $33.01 and a 12 month high of $55.66.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.05. The firm had revenue of $426.00 million for the quarter, compared to analyst estimates of $382.85 million. Interactive Brokers Group had a net margin of 5.29% and a return on equity of 1.35%. Interactive Brokers Group’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 earnings per share. research analysts expect that Interactive Brokers Group, Inc. will post 1.47 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Friday, December 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 0.74%. Interactive Brokers Group’s dividend payout ratio (DPR) is 34.48%.

IBKR has been the topic of a number of recent analyst reports. SunTrust Banks, Inc. restated a “hold” rating and issued a $40.00 target price on shares of Interactive Brokers Group in a research note on Wednesday, October 4th. BidaskClub upgraded shares of Interactive Brokers Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Zacks Investment Research lowered shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $41.67.

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In other Interactive Brokers Group news, insider Thomas Aj Frank sold 73,265 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $53.90, for a total value of $3,948,983.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Denis Mendonca sold 1,156 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were 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. In the last quarter, insiders have sold 1,283,467 shares of company stock worth $59,842,837. 3.41% of the stock is owned by company insiders.

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.

Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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