Interactive Brokers Group, Inc. (IBKR) Shares Bought by Legal & General Group Plc

Legal & General Group Plc raised its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 8.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,081 shares of the financial services provider’s stock after buying an additional 10,558 shares during the period. Legal & General Group Plc owned 0.19% of Interactive Brokers Group worth $4,830,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of IBKR. Elkfork Partners LLC boosted its position in Interactive Brokers Group by 42.1% in the first quarter. Elkfork Partners LLC now owns 3,564 shares of the financial services provider’s stock valued at $124,000 after buying an additional 1,056 shares in the last quarter. Meadow Creek Investment Management LLC boosted its position in Interactive Brokers Group by 42.1% in the first quarter. Meadow Creek Investment Management LLC now owns 4,536 shares of the financial services provider’s stock valued at $158,000 after buying an additional 1,344 shares in the last quarter. Glen Harbor Capital Management LLC boosted its position in Interactive Brokers Group by 42.1% in the first quarter. Glen Harbor Capital Management LLC now owns 5,508 shares of the financial services provider’s stock valued at $191,000 after buying an additional 1,632 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new stake in Interactive Brokers Group in the first quarter valued at approximately $224,000. Finally, Hartford Investment Management Co. acquired a new stake in Interactive Brokers Group in the second quarter valued at approximately $239,000. Hedge funds and other institutional investors own 15.01% of the company’s stock.

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In other news, insider Thomas Aj Frank sold 16,580 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $40.42, for a total value of $670,163.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Earl H. Nemser sold 841 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $41.29, for a total transaction of $34,724.89. The disclosure for this sale can be found here. Insiders sold a total of 381,306 shares of company stock valued at $15,725,890 in the last ninety days. 3.41% of the stock is owned by corporate insiders.

Interactive Brokers Group, Inc. (NASDAQ IBKR) opened at 41.45 on Monday. The company has a market cap of $2.96 billion, a P/E ratio of 40.48 and a beta of 0.94. The stock’s 50 day moving average is $40.85 and its 200 day moving average is $37.26. Interactive Brokers Group, Inc. has a 1-year low of $31.97 and a 1-year high of $42.74.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.05. Interactive Brokers Group had a net margin of 4.97% and a return on equity of 1.19%. The business had revenue of $387 million during the quarter, compared to analysts’ expectations of $377.65 million. During the same period last year, the company posted $0.40 EPS. Interactive Brokers Group’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities analysts anticipate that Interactive Brokers Group, Inc. will post $1.51 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Friday, September 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.97%. Interactive Brokers Group’s dividend payout ratio (DPR) is 38.84%.

A number of brokerages have weighed in on IBKR. BidaskClub upgraded shares of Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th. Zacks Investment Research lowered shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Rosenblatt Securities began coverage on shares of Interactive Brokers Group in a research report on Thursday, July 13th. They issued a “neutral” rating and a $40.00 target price on the stock. SunTrust Banks, Inc. restated a “hold” rating and issued a $38.00 target price on shares of Interactive Brokers Group in a research report on Thursday, July 6th. Finally, Keefe, Bruyette & Woods restated 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, six have given a hold rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $39.17.

Interactive Brokers Group Profile

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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