Oppenheimer & Co. Inc. cut its position in shares of Interactive Brokers Group, Inc. (IEX:IBKR) by 61.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,100 shares of the financial services provider’s stock after selling 6,400 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Interactive Brokers Group were worth $218,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Janney Montgomery Scott LLC increased its position in Interactive Brokers Group by 0.5% during the second quarter. Janney Montgomery Scott LLC now owns 42,130 shares of the financial services provider’s stock worth $2,306,000 after buying an additional 230 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management increased its position in Interactive Brokers Group by 1.1% during the second quarter. B & T Capital Management DBA Alpha Capital Management now owns 24,172 shares of the financial services provider’s stock worth $1,310,000 after buying an additional 256 shares in the last quarter. California State Teachers Retirement System increased its position in Interactive Brokers Group by 0.3% during the first quarter. California State Teachers Retirement System now owns 116,796 shares of the financial services provider’s stock worth $6,059,000 after buying an additional 346 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in Interactive Brokers Group by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 30,441 shares of the financial services provider’s stock worth $1,650,000 after buying an additional 429 shares in the last quarter. Finally, Arizona State Retirement System increased its position in Interactive Brokers Group by 1.1% during the second quarter. Arizona State Retirement System now owns 54,495 shares of the financial services provider’s stock worth $2,954,000 after buying an additional 580 shares in the last quarter. 14.79% of the stock is owned by hedge funds and other institutional investors.

Separately, Compass Point set a $56.00 price target on Interactive Brokers Group and gave the stock a “hold” rating in a research report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Interactive Brokers Group currently has a consensus rating of “Hold” and a consensus price target of $53.33.

Shares of IEX:IBKR traded up $0.48 during midday trading on Friday, reaching $51.83. The company’s stock had a trading volume of 34,720 shares, compared to its average volume of 776,800. Interactive Brokers Group, Inc. has a 1 year low of $47.13 and a 1 year high of $80.32. The business has a 50 day moving average price of $77.69 and a 200 day moving average price of $62.12.

Interactive Brokers Group (IEX:IBKR) last announced its quarterly earnings data on Friday, August 2nd. The financial services provider reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.06. The business had revenue of $283.20 million during the quarter, compared to analysts’ expectations of $282.40 million. Interactive Brokers Group’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 EPS.

About Interactive Brokers Group

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 (IEX:IBKR)

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