State of Wisconsin Investment Board increased its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,137 shares of the financial services provider’s stock after purchasing an additional 480 shares during the quarter. State of Wisconsin Investment Board’s holdings in Interactive Brokers Group were worth $492,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Swiss National Bank lifted its stake in shares of Interactive Brokers Group by 1.2% in the 1st quarter. Swiss National Bank now owns 106,400 shares of the financial services provider’s stock valued at $3,694,000 after purchasing an additional 1,300 shares during the period. KCG Holdings Inc. lifted 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 purchasing an additional 917 shares during the period. Teachers Advisors LLC lifted its stake in shares of Interactive Brokers Group by 7.9% in the 4th quarter. Teachers Advisors LLC now owns 66,885 shares of the financial services provider’s stock valued at $2,442,000 after purchasing an additional 4,914 shares during the period. Oakcliff Capital Partners LP purchased a new position in shares of Interactive Brokers Group in the 1st quarter valued at approximately $16,817,000. Finally, Gamco Investors INC. ET AL purchased a new position in shares of Interactive Brokers Group in the 1st quarter valued at approximately $1,003,000. Institutional investors own 15.01% of the company’s stock.

Interactive Brokers Group, Inc. (IBKR) opened at 41.94 on Wednesday. The company’s 50-day moving average price is $40.93 and its 200-day moving average price is $37.27. Interactive Brokers Group, Inc. has a 52-week low of $31.97 and a 52-week high of $42.74. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 40.96 and a beta of 0.94.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.05). The firm had revenue of $387.00 million during the quarter, compared to analysts’ expectations of $377.65 million. Interactive Brokers Group had a net margin of 4.97% and a return on equity of 1.19%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 EPS. Equities research analysts expect that Interactive Brokers Group, Inc. will post $1.51 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Friday, September 1st will be issued a $0.10 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.95%. Interactive Brokers Group’s payout ratio is 38.84%.

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 1,657 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $40.42, for a total transaction of $66,975.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas Aj Frank sold 16,580 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $40.42, for a total value of $670,163.60. The disclosure for this sale can be found here. Insiders sold 410,549 shares of company stock valued at $16,936,161 in the last quarter. 3.41% of the stock is owned by company insiders.

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A number of research analysts have recently commented on IBKR shares. Keefe, Bruyette & Woods restated a “hold” rating on shares of Interactive Brokers Group in a research note on Friday, May 26th. Zacks Investment Research upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Monday, July 10th. BidaskClub upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Rosenblatt Securities started coverage on Interactive Brokers Group in a research note on Thursday, July 13th. They issued a “neutral” rating and a $40.00 target price for the company. Finally, ValuEngine upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. Interactive Brokers Group presently has an average rating of “Hold” and an average target price of $39.17.

About Interactive Brokers Group

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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