Municipal Employees Retirement System of Michigan lifted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 67.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,900 shares of the financial services provider’s stock after buying an additional 10,850 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Interactive Brokers Group were worth $1,212,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its position in shares of Interactive Brokers Group by 27.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,966 shares of the financial services provider’s stock worth $111,000 after buying an additional 647 shares during the last quarter. Riverhead Capital Management LLC grew its position in shares of 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 worth $116,000 after buying an additional 1,295 shares during the last quarter. World Asset Management Inc purchased a new position in shares of Interactive Brokers Group in the 3rd quarter worth approximately $214,000. Everence Capital Management Inc. purchased a new position in shares of Interactive Brokers Group in the 3rd quarter worth approximately $224,000. Finally, Sei Investments Co. grew its position in shares of Interactive Brokers Group by 19.3% in the 3rd quarter. Sei Investments Co. now owns 6,277 shares of the financial services provider’s stock worth $283,000 after buying an additional 1,014 shares during the last quarter. 15.29% of the stock is currently owned by hedge funds and other institutional investors.

In other Interactive Brokers Group news, insider Thomas Aj Frank sold 54,903 shares of Interactive Brokers Group stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $54.21, for a total transaction of $2,976,291.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Denis Mendonca sold 1,156 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $49.50, for a total transaction of $57,222.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,224,790 shares of company stock worth $57,445,572. 3.41% of the stock is owned by insiders.

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) opened at $55.31 on Tuesday. The firm has a market cap of $22,900.00, a P/E ratio of 47.00, a price-to-earnings-growth ratio of 2.76 and a beta of 1.01. Interactive Brokers Group, Inc. has a 12-month low of $33.01 and a 12-month high of $55.69.

Interactive Brokers Group (NASDAQ:IBKR) last released its 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 company had revenue of $426.00 million for the quarter, compared to the consensus estimate of $382.85 million. Interactive Brokers Group had a net margin of 5.29% and a return on equity of 1.35%. Interactive Brokers Group’s revenue was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 EPS. analysts anticipate that Interactive Brokers Group, Inc. will post 1.47 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, December 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.72%. The ex-dividend date is Thursday, November 30th. Interactive Brokers Group’s dividend payout ratio is presently 34.48%.

A number of research analysts have recently issued reports on IBKR shares. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $40.00 price objective on shares of Interactive Brokers Group in a research report on Wednesday, October 4th. Zacks Investment Research raised shares of Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Tuesday, September 19th. Finally, BidaskClub raised shares of Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $41.67.

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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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