Gamco Investors INC. ET AL reduced its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,800 shares of the financial services provider’s stock after selling 1,300 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Interactive Brokers Group were worth $1,252,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of IBKR. Cantillon Capital Management LLC acquired a new position in Interactive Brokers Group during the 2nd quarter worth $72,067,000. Kayne Anderson Rudnick Investment Management LLC boosted its position in Interactive Brokers Group by 68.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,974,810 shares of the financial services provider’s stock worth $73,898,000 after acquiring an additional 803,838 shares during the period. Victory Capital Management Inc. boosted its position in Interactive Brokers Group by 105.4% during the 3rd quarter. Victory Capital Management Inc. now owns 915,589 shares of the financial services provider’s stock worth $41,238,000 after acquiring an additional 469,755 shares during the period. FMR LLC boosted its position in Interactive Brokers Group by 54.1% during the 2nd quarter. FMR LLC now owns 722,777 shares of the financial services provider’s stock worth $27,047,000 after acquiring an additional 253,611 shares during the period. Finally, Baillie Gifford & Co. boosted its position in Interactive Brokers Group by 3.8% during the 2nd quarter. Baillie Gifford & Co. now owns 5,941,025 shares of the financial services provider’s stock worth $222,313,000 after acquiring an additional 215,591 shares during the period. Hedge funds and other institutional investors own 15.29% of the company’s stock.
A number of research analysts have issued reports on the company. SunTrust Banks, Inc. boosted their price target on Interactive Brokers Group to $48.00 and gave the stock an “average” rating in a research report on Wednesday, October 18th. Zacks Investment Research upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Tuesday, September 19th. Finally, BidaskClub upgraded Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $41.67.
In related news, Vice Chairman Earl H. Nemser sold 1,683 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $41.36, for a total transaction of $69,608.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Paul Jonathan Brody sold 10,490 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $41.38, for a total value of $434,076.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,312,476 shares of company stock valued at $61,042,859. 3.41% of the stock is currently owned by company insiders.
Shares of Interactive Brokers Group, Inc. (IBKR) opened at $53.90 on Tuesday. The firm has a market capitalization of $22,182.34, a price-to-earnings ratio of 46.45, a PEG ratio of 2.73 and a beta of 1.01. Interactive Brokers Group, Inc. has a twelve month low of $33.01 and a twelve month high of $55.66.
Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.05. The business had revenue of $426.00 million during the quarter, compared to analyst estimates of $382.85 million. Interactive Brokers Group had a return on equity of 1.35% and a net margin of 5.29%. The company’s revenue was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 earnings per share. research analysts forecast that Interactive Brokers Group, Inc. will post 1.47 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Thursday, November 30th. Interactive Brokers Group’s dividend payout ratio is 34.48%.
Interactive Brokers Group Company 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.
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