Seven Bridges Advisors LLC decreased its stake in Interactive Brokers Group Inc. (NASDAQ:IBKR) by 16.3% during the second quarter, Holdings Channel reports. The fund owned 43,000 shares of the company’s stock after selling 8,364 shares during the period. Interactive Brokers Group makes up 1.3% of Seven Bridges Advisors LLC’s portfolio, making the stock its 21st largest position. Seven Bridges Advisors LLC owned approximately 0.07% of Interactive Brokers Group worth $1,522,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of IBKR. BlueMountain Capital Management LLC bought a new position in shares of Interactive Brokers Group during the first quarter valued at approximately $49,949,000. BlackRock Inc. boosted its position in shares of Interactive Brokers Group by 120.8% in the first quarter. BlackRock Inc. now owns 4,829 shares of the company’s stock valued at $190,000 after buying an additional 2,642 shares during the last quarter. Scopia Capital Management LP boosted its position in shares of Interactive Brokers Group by 88.1% in the first quarter. Scopia Capital Management LP now owns 3,537,665 shares of the company’s stock valued at $139,101,000 after buying an additional 1,656,925 shares during the last quarter. AMP Capital Investors Ltd boosted its position in shares of Interactive Brokers Group by 70.0% in the first quarter. AMP Capital Investors Ltd now owns 84,500 shares of the company’s stock valued at $3,314,000 after buying an additional 34,804 shares during the last quarter. Finally, Foxhaven Asset Management LP boosted its position in shares of Interactive Brokers Group by 40.3% in the first quarter. Foxhaven Asset Management LP now owns 840,509 shares of the company’s stock valued at $33,049,000 after buying an additional 241,466 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of Interactive Brokers Group Inc. (NASDAQ:IBKR) traded up 1.25% during trading on Monday, reaching $35.61. 388,207 shares of the company’s stock were exchanged. Interactive Brokers Group Inc. has a 52-week low of $29.50 and a 52-week high of $44.85. The company has a 50 day moving average price of $35.34 and a 200-day moving average price of $37.09. The company has a market capitalization of $2.40 billion, a PE ratio of 23.60 and a beta of 0.94.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, July 19th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. Interactive Brokers Group had a net margin of 6.35% and a return on equity of 1.80%. The business earned $369 million during the quarter, compared to analyst estimates of $373.43 million. On average, equities analysts forecast that Interactive Brokers Group Inc. will post $1.64 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 14th. Investors of record on Thursday, September 1st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Tuesday, August 30th. Interactive Brokers Group’s payout ratio is presently 26.49%.

Separately, Zacks Investment Research cut shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $40.58.

About Interactive Brokers Group

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 100 electronic exchanges and trading venues around the world.

5 Day Chart for NASDAQ:IBKR

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