Interactive Brokers Group (IBKR) Stock Price Up 5.9%

Shares of Interactive Brokers Group, Inc. (IEX:IBKR) rose 5.9% on Friday . The stock traded as high as $55.13 and last traded at $54.88. Approximately 930,776 shares traded hands during mid-day trading, an increase of 20% from the average daily volume of 776,800 shares. The stock had previously closed at $51.80.

IBKR has been the subject of several recent research reports. Zacks Investment Research upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Monday, September 3rd. ValuEngine downgraded Interactive Brokers Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. SunTrust Banks lowered their price objective on Interactive Brokers Group to $71.00 and set a “$65.34” rating for the company in a research report on Wednesday, July 18th. Finally, BidaskClub downgraded Interactive Brokers Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 7th. Three analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Interactive Brokers Group has a consensus rating of “Hold” and a consensus price target of $69.86.

Interactive Brokers Group (IEX:IBKR) last released its earnings results on Tuesday, October 16th. The financial services provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $453.00 million.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, November 29th.

In other news, President Milan Galik bought 415 shares of the stock in a transaction on Saturday, December 15th. The shares were bought at an average price of $60.40 per share, with a total value of $25,066.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas Aj Frank sold 7,812 shares of the stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $62.02, for a total value of $484,500.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 3,121 shares of company stock worth $175,742 and have sold 177,107 shares worth $11,012,193. Corporate insiders own 1.98% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. raised its stake in shares of Interactive Brokers Group by 4.5% in the third quarter. Russell Investments Group Ltd. now owns 439,325 shares of the financial services provider’s stock worth $24,316,000 after buying an additional 19,035 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Interactive Brokers Group by 151.6% in the third quarter. Assenagon Asset Management S.A. now owns 359,553 shares of the financial services provider’s stock worth $19,887,000 after buying an additional 216,666 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of Interactive Brokers Group by 53.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 298,127 shares of the financial services provider’s stock worth $18,257,000 after buying an additional 104,114 shares during the period. First Trust Advisors LP raised its stake in shares of Interactive Brokers Group by 223.1% in the third quarter. First Trust Advisors LP now owns 227,094 shares of the financial services provider’s stock worth $12,561,000 after buying an additional 156,817 shares during the period. Finally, Arizona State Retirement System raised its stake in shares of Interactive Brokers Group by 7.4% in the third quarter. Arizona State Retirement System now owns 53,313 shares of the financial services provider’s stock worth $2,949,000 after buying an additional 3,685 shares during the period. 14.79% of the stock is currently owned by institutional investors.

About Interactive Brokers Group (IEX:IBKR)

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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