Stevens Capital Management LP Invests $556,000 in Interactive Brokers Group, Inc. (IBKR) Stock

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Stevens Capital Management LP acquired a new stake in shares of Interactive Brokers Group, Inc. (IEX:IBKR) in the first quarter, HoldingsChannel.com reports. The fund acquired 10,700 shares of the financial services provider’s stock, valued at approximately $556,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in IBKR. Comerica Bank grew its holdings in shares of Interactive Brokers Group by 2.3% in the fourth quarter. Comerica Bank now owns 48,815 shares of the financial services provider’s stock valued at $2,490,000 after purchasing an additional 1,113 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of Interactive Brokers Group in the fourth quarter valued at $1,749,000. CWM LLC grew its holdings in shares of Interactive Brokers Group by 25.0% in the fourth quarter. CWM LLC now owns 55,256 shares of the financial services provider’s stock valued at $2,435,000 after purchasing an additional 11,036 shares in the last quarter. Ipswich Investment Management Co. Inc. purchased a new position in shares of Interactive Brokers Group in the fourth quarter valued at $64,000. Finally, Jane Street Group LLC purchased a new position in shares of Interactive Brokers Group in the fourth quarter valued at $382,000. 14.79% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on IBKR shares. Zacks Investment Research raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Tuesday, March 26th. Wells Fargo & Co reissued a “sell” rating on shares of Interactive Brokers Group in a report on Wednesday, January 23rd. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $64.40.

IBKR traded down $0.56 during trading on Friday, reaching $55.19. The company had a trading volume of 77,950 shares, compared to its average volume of 776,800. Interactive Brokers Group, Inc. has a 52 week low of $47.13 and a 52 week high of $80.32.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.72%.

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Interactive Brokers Group Profile

Interactive Brokers Group, Inc operates as an automated electronic broker in approximately 120 electronic exchanges and market centers worldwide. It specializes in executing and clearing trades in securities, futures, foreign exchange instruments, bonds, and mutual funds. The company custodies and services accounts for hedge and mutual funds, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.

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Want to see what other hedge funds are holding IBKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interactive Brokers Group, Inc. (IEX:IBKR).

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

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