World Asset Management Inc bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,750 shares of the financial services provider’s stock, valued at approximately $214,000. World Asset Management Inc owned 1,153.75% of Interactive Brokers Group at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IBKR. FMR LLC raised its holdings in Interactive Brokers Group by 2.2% during the 1st quarter. FMR LLC now owns 469,166 shares of the financial services provider’s stock valued at $16,290,000 after acquiring an additional 9,998 shares during the period. Teachers Advisors LLC raised its holdings in Interactive Brokers Group by 2.6% during the 1st quarter. Teachers Advisors LLC now owns 68,656 shares of the financial services provider’s stock valued at $2,384,000 after acquiring an additional 1,771 shares during the period. Vanguard Group Inc. raised its holdings in Interactive Brokers Group by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 5,822,138 shares of the financial services provider’s stock valued at $202,144,000 after acquiring an additional 320,626 shares during the period. Geode Capital Management LLC raised its holdings in Interactive Brokers Group by 11.8% during the 1st quarter. Geode Capital Management LLC now owns 538,878 shares of the financial services provider’s stock valued at $18,709,000 after acquiring an additional 56,939 shares during the period. Finally, UBS Group AG raised its holdings in Interactive Brokers Group by 38.4% during the 1st quarter. UBS Group AG now owns 13,202 shares of the financial services provider’s stock valued at $459,000 after acquiring an additional 3,661 shares during the period. 15.11% of the stock is currently owned by institutional investors and hedge funds.

IBKR has been the topic of a number of analyst reports. SunTrust Banks, Inc. reissued a “hold” rating and set a $40.00 target price on shares of Interactive Brokers Group in a report on Wednesday, October 4th. BidaskClub raised shares of Interactive Brokers Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research cut shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. One analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $41.67.

Interactive Brokers Group, Inc. (NASDAQ IBKR) opened at $53.88 on Friday. The firm has a market cap of $22,182.34, a price-to-earnings ratio of 46.45, a PEG ratio of 2.73 and a beta of 1.01. Interactive Brokers Group, Inc. has a 1-year low of $33.01 and a 1-year high of $55.66.

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

The company 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 $0.10 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.74%. Interactive Brokers Group’s payout ratio is currently 34.48%.

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In related news, insider Thomas Aj Frank sold 54,903 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $54.21, for a total value of $2,976,291.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Earl H. Nemser sold 767 shares of the company’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $47.68, for a total transaction of $36,570.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,326,870 shares of company stock worth $61,636,678. Insiders own 3.41% of the company’s stock.

Interactive Brokers Group Company 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.

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

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