Creative Planning purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,479 shares of the financial services provider’s stock, valued at approximately $206,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Alliancebernstein L.P. raised its stake in shares of Interactive Brokers Group by 0.6% during the 2nd quarter. Alliancebernstein L.P. now owns 34,504 shares of the financial services provider’s stock worth $1,291,000 after purchasing an additional 196 shares during the period. The Manufacturers Life Insurance Company raised its stake in Interactive Brokers Group by 27.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,966 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 647 shares during the period. California Public Employees Retirement System raised its stake in Interactive Brokers Group by 1.0% in the 2nd quarter. California Public Employees Retirement System now owns 88,500 shares of the financial services provider’s stock valued at $3,312,000 after acquiring an additional 900 shares during the period. Sei Investments Co. raised its stake in Interactive Brokers Group by 19.3% in the 3rd quarter. Sei Investments Co. now owns 6,277 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 1,014 shares during the period. Finally, State of Wisconsin Investment Board raised its stake in Interactive Brokers Group by 7.9% in the 3rd quarter. State of Wisconsin Investment Board now owns 14,172 shares of the financial services provider’s stock valued at $638,000 after acquiring an additional 1,035 shares during the period. 15.74% of the stock is owned by institutional investors and hedge funds.
Shares of Interactive Brokers Group, Inc. (NASDAQ IBKR) traded up $0.19 during midday trading on Wednesday, hitting $63.87. The stock had a trading volume of 373,300 shares, compared to its average volume of 838,676. Interactive Brokers Group, Inc. has a 52 week low of $33.01 and a 52 week high of $67.42. The stock has a market capitalization of $26,217.44, a price-to-earnings ratio of 59.69, a price-to-earnings-growth ratio of 3.07 and a beta of 1.05.
Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.07. The business had revenue of $515.00 million during the quarter, compared to analyst estimates of $398.05 million. Interactive Brokers Group had a return on equity of 1.74% and a net margin of 3.94%. Interactive Brokers Group’s revenue for the quarter was up 166.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.07 earnings per share. sell-side analysts predict that Interactive Brokers Group, Inc. will post 2.08 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Thursday, March 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.63%. The ex-dividend date is Wednesday, February 28th. Interactive Brokers Group’s dividend payout ratio is currently 37.38%.
A number of equities research analysts recently issued reports on IBKR shares. Goldman Sachs Group cut Interactive Brokers Group from a “neutral” rating to a “sell” rating and set a $59.00 price objective on the stock. in a research note on Monday, January 8th. BidaskClub cut Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Zacks Investment Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating and set a $68.00 price objective on the stock in a research note on Monday, January 8th. SunTrust Banks lifted their target price on Interactive Brokers Group from $48.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, January 17th. They noted that the move was a valuation call. Finally, Sandler O’Neill reaffirmed a “buy” rating on shares of Interactive Brokers Group in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $50.33.
In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 32,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $62.80, for a total value of $2,009,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.41% of the stock is owned by corporate insiders.
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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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