Comerica Bank decreased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,130 shares of the financial services provider’s stock after selling 1,840 shares during the quarter. Comerica Bank’s holdings in Interactive Brokers Group were worth $3,502,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in IBKR. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Interactive Brokers Group by 528.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 918,832 shares of the financial services provider’s stock valued at $61,782,000 after purchasing an additional 772,732 shares during the last quarter. Cantillon Capital Management LLC increased its position in Interactive Brokers Group by 24.6% during the 1st quarter. Cantillon Capital Management LLC now owns 2,541,244 shares of the financial services provider’s stock worth $170,873,000 after buying an additional 501,191 shares during the period. BNP Paribas Arbitrage SA increased its position in Interactive Brokers Group by 2,902.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 285,232 shares of the financial services provider’s stock worth $18,372,000 after buying an additional 275,731 shares during the period. BlackRock Inc. increased its position in Interactive Brokers Group by 4.4% during the 1st quarter. BlackRock Inc. now owns 6,026,103 shares of the financial services provider’s stock worth $405,194,000 after buying an additional 255,296 shares during the period. Finally, Greenwich Wealth Management LLC increased its position in Interactive Brokers Group by 76.4% during the 2nd quarter. Greenwich Wealth Management LLC now owns 549,833 shares of the financial services provider’s stock worth $35,415,000 after buying an additional 238,160 shares during the period. 15.42% of the stock is owned by institutional investors and hedge funds.

IBKR stock opened at $61.20 on Friday. The firm has a market cap of $25.53 billion, a price-to-earnings ratio of 40.00, a PEG ratio of 1.42 and a beta of 0.94. Interactive Brokers Group, Inc. has a fifty-two week low of $39.70 and a fifty-two week high of $80.32.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, July 17th. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. Interactive Brokers Group had a return on equity of 2.29% and a net margin of 5.19%. The firm had revenue of $445.00 million for the quarter, compared to analysts’ expectations of $409.02 million. During the same quarter last year, the business earned $0.32 EPS. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. sell-side analysts forecast that Interactive Brokers Group, Inc. will post 2.29 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 30th. Interactive Brokers Group’s payout ratio is currently 26.14%.

In related news, insider Thomas Aj Frank sold 7,812 shares of the firm’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $62.02, for a total value of $484,500.24. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.98% of the stock is currently owned by company insiders.

IBKR has been the topic of several recent research reports. ValuEngine upgraded Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research cut Interactive Brokers Group from a “buy” rating to a “hold” rating in a research report on Tuesday, June 19th. BidaskClub cut Interactive Brokers Group from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. Compass Point initiated coverage on Interactive Brokers Group in a research report on Tuesday, June 5th. They set a “neutral” rating and a $74.00 price objective on the stock. Finally, SunTrust Banks lowered their price objective on Interactive Brokers Group to $71.00 and set a “$65.34” rating on the stock in a research report on Wednesday, July 18th. Four analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $69.86.

Interactive Brokers Group Profile

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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Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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