Interactive Brokers Group, Inc. (IEX:IBKR) Position Increased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lifted its position in Interactive Brokers Group, Inc. (IEX:IBKR) by 116.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 160,152 shares of the financial services provider’s stock after buying an additional 86,122 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Interactive Brokers Group were worth $8,309,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IBKR. Rhumbline Advisers increased its holdings in Interactive Brokers Group by 36.2% during the 4th quarter. Rhumbline Advisers now owns 197,373 shares of the financial services provider’s stock worth $10,786,000 after purchasing an additional 52,424 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Interactive Brokers Group by 5,451.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,640,156 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 1,610,613 shares in the last quarter. Comerica Bank increased its holdings in Interactive Brokers Group by 2.3% during the 4th quarter. Comerica Bank now owns 48,815 shares of the financial services provider’s stock worth $2,490,000 after purchasing an additional 1,113 shares in the last quarter. Piedmont Investment Advisors Inc. increased its holdings in Interactive Brokers Group by 40.9% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 6,855 shares of the financial services provider’s stock worth $375,000 after purchasing an additional 1,989 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in Interactive Brokers Group by 7.8% during the 4th quarter. California Public Employees Retirement System now owns 201,825 shares of the financial services provider’s stock worth $11,030,000 after purchasing an additional 14,625 shares in the last quarter. Institutional investors and hedge funds own 14.79% of the company’s stock.

Separately, Zacks Investment Research upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Tuesday, March 26th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $62.00.

IBKR stock opened at $55.11 on Friday. Interactive Brokers Group, Inc. has a 1 year low of $47.13 and a 1 year high of $80.32.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Thursday, May 30th.

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

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