Morgan Stanley lowered its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 83.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,047 shares of the financial services provider’s stock after selling 233,129 shares during the period. Morgan Stanley owned approximately 0.07% of Interactive Brokers Group worth $1,565,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Elkfork Partners LLC grew its holdings in shares of Interactive Brokers Group by 42.1% in the 1st quarter. Elkfork Partners LLC now owns 3,564 shares of the financial services provider’s stock worth $124,000 after acquiring an additional 1,056 shares during the period. Meadow Creek Investment Management LLC grew its holdings in shares of Interactive Brokers Group by 42.1% in the 1st quarter. Meadow Creek Investment Management LLC now owns 4,536 shares of the financial services provider’s stock worth $158,000 after acquiring an additional 1,344 shares during the period. Glen Harbor Capital Management LLC grew its holdings in Interactive Brokers Group by 42.1% during the 1st quarter. Glen Harbor Capital Management LLC now owns 5,508 shares of the financial services provider’s stock valued at $191,000 after buying an additional 1,632 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Interactive Brokers Group during the 1st quarter valued at $203,000. Finally, Arxis Securities LLC acquired a new stake in Interactive Brokers Group during the 1st quarter valued at $239,000. Institutional investors and hedge funds own 15.01% of the company’s stock.

Shares of Interactive Brokers Group, Inc. (NASDAQ IBKR) traded up 1.76% during midday trading on Friday, reaching $42.67. The company’s stock had a trading volume of 480,154 shares. The stock has a market capitalization of $3.05 billion, a PE ratio of 41.67 and a beta of 0.94. Interactive Brokers Group, Inc. has a 12 month low of $31.97 and a 12 month high of $42.74. The stock’s 50 day moving average is $40.32 and its 200 day moving average is $37.18.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.37 by $0.05. Interactive Brokers Group had a return on equity of 1.19% and a net margin of 4.97%. The firm had revenue of $387 million for the quarter, compared to analysts’ expectations of $377.65 million. During the same quarter in the previous year, the firm posted $0.40 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts forecast that Interactive Brokers Group, Inc. will post $1.51 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Friday, September 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.94%. The ex-dividend date is Wednesday, August 30th. Interactive Brokers Group’s payout ratio is 38.84%.

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A number of brokerages have commented on IBKR. BidaskClub upgraded Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a report on Monday, August 14th. SunTrust Banks, Inc. reiterated a “hold” rating and set a $38.00 target price on shares of Interactive Brokers Group in a report on Thursday, July 6th. Rosenblatt Securities began coverage on Interactive Brokers Group in a report on Thursday, July 13th. They set a “neutral” rating and a $40.00 target price on the stock. Zacks Investment Research cut Interactive Brokers Group from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $38.00 target price on shares of Interactive Brokers Group in a report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $39.17.

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 11,310 shares of Interactive Brokers Group stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $40.42, for a total transaction of $457,150.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Earl H. Nemser sold 1,657 shares of Interactive Brokers Group stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $40.42, for a total transaction of $66,975.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 310,444 shares of company stock worth $12,751,809. Corporate 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.

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

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