Baillie Gifford & Co. boosted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,941,025 shares of the financial services provider’s stock after acquiring an additional 215,591 shares during the quarter. Baillie Gifford & Co. owned 8.60% of Interactive Brokers Group worth $222,313,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Swiss National Bank increased its position in Interactive Brokers Group by 1.2% during the first quarter. Swiss National Bank now owns 106,400 shares of the financial services provider’s stock valued at $3,694,000 after acquiring an additional 1,300 shares during the last quarter. KCG Holdings Inc. increased its position in Interactive Brokers Group by 8.4% during the first quarter. KCG Holdings Inc. now owns 11,854 shares of the financial services provider’s stock valued at $412,000 after acquiring an additional 917 shares during the last quarter. Teachers Advisors LLC increased its position in Interactive Brokers Group by 7.9% during the fourth quarter. Teachers Advisors LLC now owns 66,885 shares of the financial services provider’s stock valued at $2,442,000 after acquiring an additional 4,914 shares during the last quarter. Oakcliff Capital Partners LP purchased a new stake in Interactive Brokers Group during the first quarter valued at $16,817,000. Finally, Gamco Investors INC. ET AL purchased a new stake in Interactive Brokers Group during the first quarter valued at $1,003,000. Institutional investors own 15.01% of the company’s stock.
A number of research firms recently commented on IBKR. BidaskClub upgraded Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th. Zacks Investment Research cut Interactive Brokers Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Rosenblatt Securities began coverage on Interactive Brokers Group in a research report on Thursday, July 13th. They set a “neutral” rating and a $40.00 price objective for the company. SunTrust Banks, Inc. reiterated a “hold” rating and set a $38.00 price objective on shares of Interactive Brokers Group in a research report on Thursday, July 6th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $38.00 price objective on shares of Interactive Brokers Group in a research report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $39.17.
Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) traded down 0.33% during mid-day trading on Friday, reaching $41.88. The company’s stock had a trading volume of 524,089 shares. The firm has a market cap of $2.99 billion, a P/E ratio of 40.90 and a beta of 0.94. Interactive Brokers Group, Inc. has a 12-month low of $31.97 and a 12-month high of $42.74. The firm’s 50-day moving average price is $41.26 and its 200 day moving average price is $37.40.
Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.05). The company had revenue of $387.00 million for the quarter, compared to analysts’ expectations of $377.65 million. Interactive Brokers Group had a net margin of 4.97% and a return on equity of 1.19%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.40 EPS. On average, analysts expect that Interactive Brokers Group, Inc. will post $1.51 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Friday, September 1st were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.96%. Interactive Brokers Group’s payout ratio is currently 38.84%.
In related news, Vice Chairman Earl H. Nemser sold 1,657 shares of Interactive Brokers Group stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $40.42, for a total value of $66,975.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas Aj Frank sold 25,098 shares of Interactive Brokers Group stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $42.09, for a total value of $1,056,374.82. The disclosure for this sale can be found here. Insiders have sold a total of 470,090 shares of company stock valued at $19,432,114 in the last quarter. Company insiders own 3.41% of the company’s stock.
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Interactive Brokers Group Company 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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