Engineers Gate Manager LP bought a new position in shares of Interactive Brokers Group, Inc. (IEX:IBKR) during the third quarter, HoldingsChannel.com reports. The firm bought 23,187 shares of the financial services provider’s stock, valued at approximately $1,282,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. GWM Advisors LLC acquired a new stake in shares of Interactive Brokers Group during the third quarter worth about $349,000. State Treasurer State of Michigan raised its position in shares of Interactive Brokers Group by 5.7% during the third quarter. State Treasurer State of Michigan now owns 27,800 shares of the financial services provider’s stock worth $1,538,000 after purchasing an additional 1,500 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Interactive Brokers Group by 6.7% during the third quarter. Oregon Public Employees Retirement Fund now owns 29,543 shares of the financial services provider’s stock worth $1,634,000 after purchasing an additional 1,852 shares during the period. CWM LLC raised its position in shares of Interactive Brokers Group by 42.4% during the third quarter. CWM LLC now owns 44,220 shares of the financial services provider’s stock worth $2,446,000 after purchasing an additional 13,156 shares during the period. Finally, Arizona State Retirement System raised its position in shares of Interactive Brokers Group by 7.4% during the third quarter. Arizona State Retirement System now owns 53,313 shares of the financial services provider’s stock worth $2,949,000 after purchasing an additional 3,685 shares during the period. Hedge funds and other institutional investors own 14.79% of the company’s stock.
A number of equities research analysts recently issued reports on IBKR shares. SunTrust Banks dropped their target price on Interactive Brokers Group to $71.00 and set a “$65.34” rating on the stock in a research report on Wednesday, July 18th. ValuEngine lowered Interactive Brokers Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Zacks Investment Research raised Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 11th. Finally, BidaskClub raised Interactive Brokers Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 18th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Interactive Brokers Group presently has a consensus rating of “Hold” and a consensus target price of $69.86.
In related news, President Milan Galik purchased 415 shares of the stock in a transaction on Saturday, December 15th. The shares were purchased at an average price of $60.40 per share, with a total value of $25,066.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Thomas Aj Frank sold 24,756 shares of the business’s stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $62.11, for a total value of $1,537,595.16. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 3,121 shares of company stock worth $175,742 and have sold 169,295 shares worth $10,527,693. 1.98% of the stock is owned by insiders.
Shares of Interactive Brokers Group stock opened at $55.37 on Friday. Interactive Brokers Group, Inc. has a 52-week low of $47.13 and a 52-week high of $80.32.
Interactive Brokers Group (IEX:IBKR) last announced its earnings results on Tuesday, October 16th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.01. The firm had revenue of $439.00 million during the quarter, compared to analyst estimates of $453.00 million.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Thursday, November 29th.
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Interactive Brokers Group 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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