Profund Advisors LLC reduced its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 31.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,268 shares of the financial services provider’s stock after selling 3,869 shares during the period. Profund Advisors LLC’s holdings in Interactive Brokers Group were worth $309,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Riverhead Capital Management LLC increased its holdings in Interactive Brokers Group by 71.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,095 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 1,295 shares in the last quarter. Hartford Investment Management Co. acquired a new stake in Interactive Brokers Group in the 2nd quarter valued at $239,000. BlueCrest Capital Management Ltd acquired a new stake in Interactive Brokers Group in the 1st quarter valued at $224,000. Amalgamated Bank acquired a new stake in Interactive Brokers Group in the 2nd quarter valued at $265,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Interactive Brokers Group in the 1st quarter valued at $269,000. Hedge funds and other institutional investors own 15.01% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This story was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/10/09/profund-advisors-llc-sells-3869-shares-of-interactive-brokers-group-inc-ibkr.html.

Several brokerages recently issued reports on IBKR. BidaskClub upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $38.00 price target on shares of Interactive Brokers Group in a report on Thursday, July 6th. Zacks Investment Research upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Tuesday, September 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $38.00 price target on shares of Interactive Brokers Group in a report on Friday, June 30th. Finally, Rosenblatt Securities began coverage on Interactive Brokers Group in a report on Thursday, July 13th. They issued a “neutral” rating and a $40.00 price target for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Interactive Brokers Group has a consensus rating of “Hold” and a consensus target price of $40.33.

In related news, CFO Paul Jonathan Brody sold 11,310 shares of Interactive Brokers Group stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $40.31, for a total value of $455,906.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thomas Aj Frank sold 16,751 shares of Interactive Brokers Group stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $40.30, for a total transaction of $675,065.30. The disclosure for this sale can be found here. Insiders sold a total of 824,188 shares of company stock worth $35,132,528 in the last quarter. Insiders own 3.41% of the company’s stock.

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) opened at 47.45 on Monday. The stock’s 50 day moving average price is $43.18 and its 200 day moving average price is $38.26. The firm has a market capitalization of $3.39 billion, a P/E ratio of 46.34 and a beta of 0.95. Interactive Brokers Group, Inc. has a 52 week low of $31.97 and a 52 week high of $48.15.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.05). Interactive Brokers Group had a net margin of 4.97% and a return on equity of 1.19%. The business had revenue of $387.00 million during the quarter, compared to analyst estimates of $377.65 million. During the same period in the previous year, the firm posted $0.40 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts predict that Interactive Brokers Group, Inc. will post $1.55 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Friday, September 1st were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 0.84%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 38.84%.

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.

Want to see what other hedge funds are holding IBKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interactive Brokers Group, Inc. (NASDAQ:IBKR).

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

Receive News & Stock Ratings for Interactive Brokers Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interactive Brokers Group Inc. and related stocks with our FREE daily email newsletter.