Victory Capital Management Inc. lifted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 105.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 915,589 shares of the financial services provider’s stock after buying an additional 469,755 shares during the quarter. Victory Capital Management Inc. owned about 1.28% of Interactive Brokers Group worth $41,238,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Baillie Gifford & Co. grew its stake in shares of Interactive Brokers Group by 3.8% in 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 buying an additional 215,591 shares in the last quarter. KCG Holdings Inc. grew its stake in shares of Interactive Brokers Group by 8.4% in the 1st quarter. KCG Holdings Inc. now owns 11,854 shares of the financial services provider’s stock valued at $412,000 after buying an additional 917 shares in the last quarter. Quinn Opportunity Partners LLC grew its stake in shares of Interactive Brokers Group by 10.1% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 380,856 shares of the financial services provider’s stock valued at $14,252,000 after buying an additional 35,000 shares in the last quarter. Micawber Capital LLC grew its stake in shares of Interactive Brokers Group by 8.4% in the 2nd quarter. Micawber Capital LLC now owns 63,270 shares of the financial services provider’s stock valued at $2,368,000 after buying an additional 4,923 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its stake in shares of Interactive Brokers Group by 0.7% in the 2nd quarter. Gamco Investors INC. ET AL now owns 29,100 shares of the financial services provider’s stock valued at $1,089,000 after buying an additional 200 shares in the last quarter. 15.11% of the stock is owned by institutional investors and hedge funds.

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) opened at $54.36 on Tuesday. Interactive Brokers Group, Inc. has a 1-year low of $31.97 and a 1-year high of $55.66. The firm has a market capitalization of $22,202.93, a P/E ratio of 46.49, a P/E/G ratio of 2.73 and a beta of 1.01.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.43 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 company had revenue of $426.00 million during the quarter, compared to analyst estimates of $382.85 million. During the same period in the previous year, the company earned $0.30 earnings per share. The company’s quarterly revenue was up 23.5% compared to the same quarter last year. equities research analysts forecast that Interactive Brokers Group, Inc. will post 1.47 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.74%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 34.48%.

Several equities research analysts recently commented on the company. SunTrust Banks, Inc. boosted their price target on Interactive Brokers Group to $48.00 and gave the company an “average” rating in a research note on Wednesday, October 18th. 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 report on Tuesday, September 19th. BidaskClub upgraded Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a report on Monday, August 14th. Finally, Rosenblatt Securities initiated coverage on Interactive Brokers Group in a report on Thursday, July 13th. They issued a “neutral” rating and a $40.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $41.67.

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In other news, Vice Chairman Earl H. Nemser sold 1,674 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $40.31, for a total transaction of $67,478.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Thomas Aj Frank sold 35,977 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $53.83, for a total value of $1,936,641.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,331,086 shares of company stock valued at $61,051,989. Corporate insiders own 3.41% of the company’s stock.

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.

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

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