Interactive Brokers Group (IBKR) Position Increased by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC increased its stake in Interactive Brokers Group (NASDAQ:IBKR) by 1.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,406,625 shares of the financial services provider’s stock after purchasing an additional 44,619 shares during the period. Interactive Brokers Group accounts for about 1.2% of Kayne Anderson Rudnick Investment Management LLC’s portfolio, making the stock its 21st largest position. Kayne Anderson Rudnick Investment Management LLC’s holdings in Interactive Brokers Group were worth $161,822,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Interactive Brokers Group by 4.4% in the 1st quarter. BlackRock Inc. now owns 6,026,103 shares of the financial services provider’s stock worth $405,194,000 after purchasing an additional 255,296 shares in the last quarter. Cantillon Capital Management LLC boosted its stake in Interactive Brokers Group by 24.6% in the 1st quarter. Cantillon Capital Management LLC now owns 2,541,244 shares of the financial services provider’s stock worth $170,873,000 after purchasing an additional 501,191 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Interactive Brokers Group by 2.8% in the 1st quarter. Thrivent Financial for Lutherans now owns 2,367,972 shares of the financial services provider’s stock worth $159,223,000 after purchasing an additional 64,871 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Interactive Brokers Group by 528.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 918,832 shares of the financial services provider’s stock worth $61,782,000 after purchasing an additional 772,732 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Interactive Brokers Group by 27.5% in the 1st quarter. Northern Trust Corp now owns 801,624 shares of the financial services provider’s stock worth $53,902,000 after purchasing an additional 172,755 shares in the last quarter. Institutional investors own 15.09% of the company’s stock.

Interactive Brokers Group opened at $79.01 on Tuesday, according to Marketbeat.com. Interactive Brokers Group has a 12-month low of $34.51 and a 12-month high of $80.32. The company has a market cap of $31.95 billion, a price-to-earnings ratio of 51.64, a price-to-earnings-growth ratio of 1.84 and a beta of 0.97.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, April 17th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. Interactive Brokers Group had a net margin of 4.58% and a return on equity of 2.04%. The company had revenue of $527.00 million during the quarter, compared to analyst estimates of $502.56 million. During the same period last year, the firm posted $0.34 EPS. Interactive Brokers Group’s revenue for the quarter was up 40.9% compared to the same quarter last year. equities analysts predict that Interactive Brokers Group will post 2.21 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Friday, June 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Thursday, May 31st. Interactive Brokers Group’s dividend payout ratio is presently 26.14%.

A number of research firms recently commented on IBKR. Wells Fargo reiterated an “underperform” rating and issued a $60.00 target price (up from $52.00) on shares of Interactive Brokers Group in a research note on Wednesday, April 18th. Zacks Investment Research cut shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note on Thursday, April 5th. SunTrust Banks lifted their target price on shares of Interactive Brokers Group to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, April 18th. TheStreet cut shares of Interactive Brokers Group from a “b” rating to a “c+” rating in a research note on Monday, April 2nd. Finally, Sandler O’Neill reiterated a “buy” rating and issued a $82.00 target price on shares of Interactive Brokers Group in a research note on Wednesday, April 18th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and three have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $66.71.

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

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