Ameriprise Financial Inc. lessened its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 357,822 shares of the financial services provider’s stock after selling 11,401 shares during the quarter. Ameriprise Financial Inc. owned about 0.52% of Interactive Brokers Group worth $13,390,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC boosted its stake in shares of Interactive Brokers Group by 4.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 214,415 shares of the financial services provider’s stock worth $8,023,000 after acquiring an additional 8,784 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Interactive Brokers Group by 10.7% during the 2nd quarter. Teachers Advisors LLC now owns 75,974 shares of the financial services provider’s stock worth $2,843,000 after acquiring an additional 7,318 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in shares of Interactive Brokers Group by 71.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,095 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 1,295 shares in the last quarter. Baillie Gifford & Co. boosted its stake in Interactive Brokers Group by 3.8% during the 2nd quarter. Baillie Gifford & Co. now owns 5,941,025 shares of the financial services provider’s stock valued at $222,313,000 after purchasing an additional 215,591 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in Interactive Brokers Group by 0.6% during the 2nd quarter. Alliancebernstein L.P. now owns 34,504 shares of the financial services provider’s stock valued at $1,291,000 after purchasing an additional 196 shares during the period. Institutional investors own 15.01% of the company’s stock.

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) opened at 47.45 on Friday. Interactive Brokers Group, Inc. has a 52 week low of $31.97 and a 52 week high of $48.15. The company has a market cap of $3.39 billion, a P/E ratio of 46.34 and a beta of 0.96. The company’s 50-day moving average price is $43.18 and its 200 day moving average price is $38.26.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.05). The business had revenue of $387.00 million for the quarter, compared to analyst estimates of $377.65 million. Interactive Brokers Group had a return on equity of 1.19% and a net margin of 4.97%. Interactive Brokers Group’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $0.40 EPS. On average, equities analysts forecast that Interactive Brokers Group, Inc. will post $1.55 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Friday, September 1st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Wednesday, August 30th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 38.84%.

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In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 1,657 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $40.42, for a total transaction of $66,975.94. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thomas Aj Frank sold 16,580 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $40.42, for a total value of $670,163.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 824,188 shares of company stock worth $35,132,528. Company insiders own 3.41% of the company’s stock.

Several analysts recently weighed in on the company. SunTrust Banks, Inc. restated a “hold” rating and set a $40.00 target price on shares of Interactive Brokers Group in a research note on Wednesday. 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 note on Tuesday, September 19th. BidaskClub upgraded Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. Rosenblatt Securities assumed coverage on Interactive Brokers Group in a research note on Thursday, July 13th. They set a “neutral” rating and a $40.00 target price for the company. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $38.00 target price on shares of Interactive Brokers Group in a research note on Friday, June 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $40.33.

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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