Morgan Stanley grew its holdings in Interactive Brokers Group, Inc. (IEX:IBKR) by 146.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 553,403 shares of the financial services provider’s stock after buying an additional 328,731 shares during the period. Morgan Stanley’s holdings in Interactive Brokers Group were worth $30,611,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. BlackRock Inc. grew its position in Interactive Brokers Group by 5.1% during the third quarter. BlackRock Inc. now owns 6,524,616 shares of the financial services provider’s stock worth $360,876,000 after buying an additional 315,546 shares during the period. Baillie Gifford & Co. raised its stake in Interactive Brokers Group by 1.2% during the third quarter. Baillie Gifford & Co. now owns 6,364,938 shares of the financial services provider’s stock worth $352,044,000 after purchasing an additional 76,142 shares during the period. Cantillon Capital Management LLC increased its position in shares of Interactive Brokers Group by 5.7% in the third quarter. Cantillon Capital Management LLC now owns 2,615,325 shares of the financial services provider’s stock worth $144,653,000 after acquiring an additional 141,788 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Interactive Brokers Group by 30.6% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,318,110 shares of the financial services provider’s stock worth $72,905,000 after acquiring an additional 308,908 shares in the last quarter. Finally, Select Equity Group L.P. increased its position in shares of Interactive Brokers Group by 103.0% in the third quarter. Select Equity Group L.P. now owns 1,272,732 shares of the financial services provider’s stock worth $70,395,000 after acquiring an additional 645,863 shares in the last quarter. 14.79% of the stock is owned by institutional investors and hedge funds.

Several research analysts have weighed in on the stock. ValuEngine lowered shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Zacks Investment Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 12th. Wells Fargo & Co restated a “sell” rating on shares of Interactive Brokers Group in a research report on Friday, January 4th. Finally, Goldman Sachs Group began coverage on shares of Interactive Brokers Group in a research report on Friday, November 30th. They issued a “neutral” rating and a $58.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $67.00.

In other news, President Milan Galik acquired 415 shares of the business’s stock in a transaction that occurred on Saturday, December 15th. The shares were purchased at an average cost of $60.40 per share, for a total transaction of $25,066.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thomas Aj Frank sold 564 shares of Interactive Brokers Group stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $62.00, for a total transaction of $34,968.00. The disclosure for this sale can be found here. Company insiders own 1.98% of the company’s stock.

Interactive Brokers Group stock opened at $51.80 on Wednesday. Interactive Brokers Group, Inc. has a 1 year low of $47.13 and a 1 year high of $80.32.

Interactive Brokers Group (IEX:IBKR) last posted its quarterly earnings results on Tuesday, October 16th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.01. The business had revenue of $439.00 million during the quarter, compared to the consensus estimate of $453.00 million.

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Interactive Brokers Group Company 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 (IEX:IBKR)

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