14,701 Shares in Interactive Brokers Group, Inc. (IBKR) Acquired by Piedmont Investment Advisors LLC

Piedmont Investment Advisors LLC acquired a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,701 shares of the financial services provider’s stock, valued at approximately $550,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. grew its position in Interactive Brokers Group by 75,132.1% during the first quarter. BlackRock Inc. now owns 6,629,451 shares of the financial services provider’s stock valued at $230,176,000 after purchasing an additional 6,620,639 shares in the last quarter. Baillie Gifford & Co. grew its position in Interactive Brokers Group by 3.8% during the second quarter. Baillie Gifford & Co. now owns 5,941,025 shares of the financial services provider’s stock valued at $222,313,000 after purchasing an additional 215,591 shares in the last quarter. Vanguard Group Inc. grew its position in Interactive Brokers Group by 1.0% during the second quarter. Vanguard Group Inc. now owns 5,882,768 shares of the financial services provider’s stock valued at $220,132,000 after purchasing an additional 60,630 shares in the last quarter. TPG Group Holdings SBS Advisors Inc. grew its position in Interactive Brokers Group by 7.4% during the second quarter. TPG Group Holdings SBS Advisors Inc. now owns 2,344,251 shares of the financial services provider’s stock valued at $87,722,000 after purchasing an additional 162,435 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Interactive Brokers Group by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,996,966 shares of the financial services provider’s stock valued at $74,726,000 after purchasing an additional 67,695 shares in the last quarter. 15.01% of the stock is currently owned by hedge funds and other institutional investors.

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In related news, Vice Chairman Earl H. Nemser sold 1,657 shares of Interactive Brokers Group stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $40.42, for a total transaction of $66,975.94. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thomas Aj Frank sold 16,580 shares of Interactive Brokers Group stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $40.42, for a total transaction of $670,163.60. The disclosure for this sale can be found here. Insiders have sold a total of 1,235,616 shares of company stock worth $55,152,794 in the last ninety days. 3.41% of the stock is currently owned by insiders.

A number of brokerages recently commented on IBKR. BidaskClub raised shares of Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th. SunTrust Banks, Inc. boosted their price objective on shares of Interactive Brokers Group to $48.00 and gave the company an “average” rating in a research report on Wednesday, October 18th. Rosenblatt Securities started coverage on shares of Interactive Brokers Group in a research report on Thursday, July 13th. They set a “neutral” rating and a $40.00 price objective on the stock. Zacks Investment Research downgraded shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $38.00 target price on shares of Interactive Brokers Group in a research report on Friday, June 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $41.67.

Interactive Brokers Group, Inc. (NASDAQ:IBKR) traded up 2.04% during mid-day trading on Friday, reaching $53.59. 743,057 shares of the company’s stock traded hands. The stock has a market cap of $3.81 billion, a P/E ratio of 46.08 and a beta of 0.96. Interactive Brokers Group, Inc. has a 1-year low of $31.97 and a 1-year high of $53.71. The firm has a 50-day moving average price of $45.69 and a 200-day moving average price of $39.61.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $426.00 million for the quarter, compared to the consensus estimate of $382.85 million. During the same quarter in the previous year, the firm posted $0.30 EPS. The firm’s quarterly revenue was up 23.5% on a year-over-year basis. Equities research analysts anticipate that Interactive Brokers Group, Inc. will post $1.63 EPS for the current fiscal year.

The company also recently declared 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. This represents a $0.40 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, November 30th. Interactive Brokers Group’s dividend payout ratio (DPR) is 34.48%.

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.

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

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