Comerica Bank increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,573 shares of the financial services provider’s stock after buying an additional 4,067 shares during the quarter. Comerica Bank’s holdings in Interactive Brokers Group were worth $4,019,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. grew its position in Interactive Brokers Group by 3.8% during the second quarter. Baillie Gifford & Co. now owns 5,941,025 shares of the financial services provider’s stock worth $222,313,000 after buying an additional 215,591 shares in the last quarter. Quinn Opportunity Partners LLC grew its position in Interactive Brokers Group by 10.1% during the second quarter. Quinn Opportunity Partners LLC now owns 380,856 shares of the financial services provider’s stock worth $14,252,000 after buying an additional 35,000 shares in the last quarter. Shelton Capital Management acquired a new stake in Interactive Brokers Group during the second quarter worth about $253,000. Micawber Capital LLC grew its position in Interactive Brokers Group by 8.4% during the second quarter. Micawber Capital LLC now owns 63,270 shares of the financial services provider’s stock worth $2,368,000 after buying an additional 4,923 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Interactive Brokers Group by 166.6% during the second quarter. JPMorgan Chase & Co. now owns 61,347 shares of the financial services provider’s stock worth $2,296,000 after buying an additional 38,338 shares in the last quarter. 15.29% of the stock is currently owned by institutional investors and hedge funds.

In other Interactive Brokers Group news, insider Thomas Aj Frank sold 73,265 shares of Interactive Brokers Group stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $53.90, for a total transaction of $3,948,983.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 1,649 shares of Interactive Brokers Group stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $42.25, for a total value of $69,670.25. The disclosure for this sale can be found here. Insiders have sold 1,195,406 shares of company stock worth $56,219,704 over the last ninety days. Company insiders own 3.41% of the company’s stock.

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) opened at $55.61 on Friday. The firm has a market capitalization of $22,750.87, a P/E ratio of 47.64, a price-to-earnings-growth ratio of 2.79 and a beta of 1.01. Interactive Brokers Group, Inc. has a 1-year low of $33.01 and a 1-year high of $56.01.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The company had revenue of $426.00 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 earnings per share. equities research analysts predict that Interactive Brokers Group, Inc. will post 1.47 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Thursday, November 30th. Interactive Brokers Group’s payout ratio is 34.48%.

IBKR has been the topic of a number of recent research reports. SunTrust Banks, Inc. reissued a “hold” rating and set a $40.00 target price on shares of Interactive Brokers Group in a research report on Wednesday, October 4th. BidaskClub raised Interactive Brokers Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research raised Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Interactive Brokers Group has a consensus rating of “Hold” and a consensus price target of $41.67.

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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 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.

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

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