Bank of New York Mellon Corp increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 750,411 shares of the financial services provider’s stock after buying an additional 14,443 shares during the period. Bank of New York Mellon Corp owned 0.18% of Interactive Brokers Group worth $33,799,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Baillie Gifford & Co. grew its holdings in Interactive Brokers Group by 3.8% in the second quarter. Baillie Gifford & Co. now owns 5,941,025 shares of the financial services provider’s stock worth $222,313,000 after purchasing an additional 215,591 shares during the period. Prudential Financial Inc. grew its holdings in Interactive Brokers Group by 4.0% in the third quarter. Prudential Financial Inc. now owns 115,814 shares of the financial services provider’s stock worth $5,216,000 after purchasing an additional 4,475 shares during the period. Quinn Opportunity Partners LLC grew its holdings in Interactive Brokers Group by 10.1% in the second quarter. Quinn Opportunity Partners LLC now owns 380,856 shares of the financial services provider’s stock worth $14,252,000 after purchasing an additional 35,000 shares during the period. Shelton Capital Management acquired a new stake in Interactive Brokers Group in the second quarter worth $253,000. Finally, Micawber Capital LLC grew its holdings in Interactive Brokers Group by 8.4% in the second quarter. Micawber Capital LLC now owns 63,270 shares of the financial services provider’s stock worth $2,368,000 after purchasing an additional 4,923 shares during the period. 15.80% of the stock is owned by institutional investors and hedge funds.
In other news, insider Thomas Aj Frank sold 16,836 shares of Interactive Brokers Group stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $41.90, for a total transaction of $705,428.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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. Insiders have sold 1,033,996 shares of company stock valued at $49,462,403 over the last quarter. Corporate insiders own 3.41% of the company’s stock.
IBKR has been the subject of a number of research reports. SunTrust Banks raised their price target on shares of Interactive Brokers Group to $48.00 and gave the stock an “average” rating in a report on Wednesday, October 18th. Zacks Investment Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Tuesday, September 19th. Finally, BidaskClub upgraded shares of Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $41.67.
Interactive Brokers Group, Inc. (IBKR) opened at $61.14 on Friday. The stock has a market cap of $25,020.00, a PE ratio of 50.90, a PEG ratio of 2.99 and a beta of 1.02. Interactive Brokers Group, Inc. has a twelve month low of $33.01 and a twelve month high of $61.17.
Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The firm had revenue of $426.00 million during the quarter, compared to analysts’ expectations of $382.85 million. Interactive Brokers Group had a net margin of 5.29% and a return on equity of 1.35%. The business’s revenue was up 23.5% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. equities research analysts expect that Interactive Brokers Group, Inc. will post 1.47 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, November 30th. Interactive Brokers Group’s dividend payout ratio is currently 34.48%.
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About Interactive Brokers Group
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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