Haverford Financial Services Inc. bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,681 shares of the financial services provider’s stock, valued at approximately $481,000.

A number of other institutional investors have also bought and sold shares of the stock. 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. Vanguard Group Inc. grew its position in Interactive Brokers Group by 1.0% during the second quarter. Vanguard Group Inc. now owns 5,882,768 shares of the financial services provider’s stock worth $220,132,000 after buying an additional 60,630 shares in the last quarter. TPG Group Holdings SBS Advisors Inc. grew its position in Interactive Brokers Group by 7.4% during the second quarter. TPG Group Holdings SBS Advisors Inc. now owns 2,344,251 shares of the financial services provider’s stock worth $87,722,000 after buying an additional 162,435 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in Interactive Brokers Group by 14.4% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,259,199 shares of the financial services provider’s stock worth $101,754,000 after buying an additional 284,389 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Interactive Brokers Group by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,996,966 shares of the financial services provider’s stock worth $74,726,000 after buying an additional 67,695 shares in the last quarter. Institutional investors and hedge funds own 15.29% of the company’s stock.

Interactive Brokers Group, Inc. (NASDAQ IBKR) opened at $55.26 on Friday. Interactive Brokers Group, Inc. has a 52-week low of $33.01 and a 52-week high of $56.01. The company has a market capitalization of $22,750.87, a PE ratio of 47.64, a P/E/G ratio of 2.79 and a beta of 1.01.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. Interactive Brokers Group had a return on equity of 1.35% and a net margin of 5.29%. The firm had revenue of $426.00 million during the quarter, compared to analysts’ expectations of $382.85 million. During the same period in the prior year, the business earned $0.30 EPS. The company’s revenue for the quarter was up 23.5% compared to the same quarter last year. analysts forecast that Interactive Brokers Group, Inc. will post 1.47 EPS for the current fiscal year.

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

Several equities analysts recently commented on IBKR shares. SunTrust Banks, Inc. restated a “hold” rating and set a $40.00 target price on shares of Interactive Brokers Group in a research report on Wednesday, October 4th. Zacks Investment Research upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Tuesday, September 19th. Finally, BidaskClub upgraded Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $41.67.

In other news, insider Thomas Aj Frank sold 19,588 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $42.29, for a total value of $828,376.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 1,649 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was 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 sold a total of 1,195,406 shares of company stock valued at $56,219,704 over the last quarter. Company insiders own 3.41% of the company’s stock.

TRADEMARK VIOLATION WARNING: This news story was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this news story on another website, it was copied illegally and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.watchlistnews.com/haverford-financial-services-inc-invests-481000-in-interactive-brokers-group-inc-ibkr-stock/1723148.html.

Interactive Brokers Group Profile

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.

Want to see what other hedge funds are holding IBKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interactive Brokers Group, Inc. (NASDAQ:IBKR).

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

Receive News & Ratings for Interactive Brokers Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interactive Brokers Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.