Bank of New York Mellon Corp grew its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating) by 12.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 907,578 shares of the financial services provider’s stock after buying an additional 100,201 shares during the quarter. Bank of New York Mellon Corp owned 0.22% of Interactive Brokers Group worth $58,003,000 as of its most recent filing with the SEC.
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A number of other large investors also recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky purchased a new position in Interactive Brokers Group during the 3rd quarter worth $804,000. FourThought Financial LLC grew its stake in shares of Interactive Brokers Group by 20.7% during the 3rd quarter. FourThought Financial LLC now owns 8,078 shares of the financial services provider’s stock worth $516,000 after purchasing an additional 1,387 shares during the period. California State Teachers Retirement System grew its stake in shares of Interactive Brokers Group by 18.5% during the 3rd quarter. California State Teachers Retirement System now owns 141,732 shares of the financial services provider’s stock worth $9,058,000 after purchasing an additional 22,171 shares during the period. Captrust Financial Advisors grew its stake in shares of Interactive Brokers Group by 4.1% during the 3rd quarter. Captrust Financial Advisors now owns 3,449 shares of the financial services provider’s stock worth $220,000 after purchasing an additional 135 shares during the period. Finally, United Services Automobile Association acquired a new position in shares of Interactive Brokers Group during the 3rd quarter worth $664,000. Hedge funds and other institutional investors own 97.84% of the company’s stock.
Analyst Ratings Changes
A number of research firms have recently weighed in on IBKR. StockNews.com began coverage on shares of Interactive Brokers Group in a research note on Thursday, March 16th. They set a “hold” rating on the stock. Jefferies Financial Group upped their price target on shares of Interactive Brokers Group from $91.00 to $104.00 and gave the stock a “buy” rating in a research note on Tuesday, March 7th. Finally, Barclays upped their price target on shares of Interactive Brokers Group from $96.00 to $102.00 and gave the stock an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $97.17.
Interactive Brokers Group Trading Up 0.1 %
Shares of NASDAQ IBKR opened at $79.59 on Friday. The stock has a market cap of $33.39 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 0.56 and a beta of 0.79. Interactive Brokers Group, Inc. has a 52 week low of $52.18 and a 52 week high of $90.19. The company’s 50-day moving average price is $82.72 and its 200 day moving average price is $76.30.
Interactive Brokers Group (NASDAQ:IBKR – Get Rating) last issued its quarterly earnings data on Tuesday, January 17th. The financial services provider reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.14. The firm had revenue of $976.00 million for the quarter, compared to analysts’ expectations of $926.75 million. Interactive Brokers Group had a net margin of 9.30% and a return on equity of 3.77%. As a group, research analysts expect that Interactive Brokers Group, Inc. will post 5.46 earnings per share for the current year.
Interactive Brokers Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 14th. Investors of record on Wednesday, March 1st were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.50%. Interactive Brokers Group’s payout ratio is 10.70%.
Insider Buying and Selling at Interactive Brokers Group
In other Interactive Brokers Group news, Chairman Thomas Peterffy sold 20,000 shares of the company’s stock in a transaction dated Thursday, January 19th. The shares were sold at an average price of $79.55, for a total value of $1,591,000.00. Following the transaction, the chairman now directly owns 1,750,605 shares in the company, valued at approximately $139,260,627.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders have sold 160,000 shares of company stock worth $12,393,800. Corporate insiders own 3.34% of the company’s stock.
About Interactive Brokers Group
Interactive Brokers Group, Inc operates as an investment holding company, which engages in broker or dealer and proprietary trading businesses. It operates through the following segments: Electronic Brokerage and Corporate. The Electronic Brokerage segment is a direct market access broker, which serves the customers of both traditional brokers and prime brokers.
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