Comerica Bank cut its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,506 shares of the financial services provider’s stock after selling 4,088 shares during the period. Comerica Bank owned 0.10% of Interactive Brokers Group worth $2,789,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of IBKR. Municipal Employees Retirement System of Michigan raised its holdings in shares of Interactive Brokers Group by 1.2% during the first quarter. Municipal Employees Retirement System of Michigan now owns 15,530 shares of the financial services provider’s stock worth $539,000 after purchasing an additional 190 shares during the period. Prudential Financial Inc. raised its holdings in shares of Interactive Brokers Group by 0.3% during the first quarter. Prudential Financial Inc. now owns 113,689 shares of the financial services provider’s stock worth $3,947,000 after purchasing an additional 390 shares during the period. Texas Permanent School Fund raised its holdings in shares of Interactive Brokers Group by 0.8% during the second quarter. Texas Permanent School Fund now owns 49,638 shares of the financial services provider’s stock worth $1,857,000 after purchasing an additional 416 shares during the period. Gotham Asset Management LLC raised its holdings in shares of Interactive Brokers Group by 4.7% during the first quarter. Gotham Asset Management LLC now owns 10,591 shares of the financial services provider’s stock worth $368,000 after purchasing an additional 479 shares during the period. Finally, State of Wisconsin Investment Board raised its holdings in shares of Interactive Brokers Group by 3.8% during the second quarter. State of Wisconsin Investment Board now owns 13,137 shares of the financial services provider’s stock worth $492,000 after purchasing an additional 480 shares during the period. 15.01% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) opened at 42.67 on Tuesday. The firm has a market capitalization of $3.05 billion, a PE ratio of 41.67 and a beta of 0.94. The firm’s 50 day moving average is $40.32 and its 200-day moving average is $37.18. Interactive Brokers Group, Inc. has a one year low of $31.97 and a one year high of $42.74.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, July 18th. The financial services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.37 by $0.05. The firm had revenue of $387 million during the quarter, compared to the consensus estimate of $377.65 million. Interactive Brokers Group had a return on equity of 1.19% and a net margin of 4.97%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the business earned $0.40 earnings per share. On average, equities research analysts predict that Interactive Brokers Group, Inc. will post $1.51 earnings per share for the current fiscal year.

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

A number of analysts have weighed in on the stock. BidaskClub raised shares of Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a report on Monday, August 14th. Rosenblatt Securities assumed coverage on shares of Interactive Brokers Group in a report on Thursday, July 13th. They set a “neutral” rating and a $40.00 target price on the stock. ValuEngine raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Thursday, June 8th. Zacks Investment Research cut shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $38.00 target price on shares of Interactive Brokers Group in a report on Friday, June 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $39.17.

In other Interactive Brokers Group news, insider Thomas Aj Frank sold 16,580 shares of Interactive Brokers Group stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $40.42, for a total transaction of $670,163.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $457,150.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 310,444 shares of company stock valued at $12,751,809. Company 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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