Legal & General Group Plc raised its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 7.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138,735 shares of the financial services provider’s stock after purchasing an additional 9,654 shares during the period. Legal & General Group Plc’s holdings in Interactive Brokers Group were worth $6,249,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its holdings in 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 valued at $111,000 after purchasing an additional 647 shares during the period. Riverhead Capital Management LLC boosted 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 during the period. World Asset Management Inc bought a new stake in Interactive Brokers Group in the 3rd quarter valued at $214,000. Everence Capital Management Inc. bought a new stake in Interactive Brokers Group in the 3rd quarter valued at $224,000. Finally, Teacher Retirement System of Texas bought a new stake in Interactive Brokers Group in the 3rd quarter valued at $240,000. 15.80% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Thomas Aj Frank sold 54,903 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $54.21, for a total transaction of $2,976,291.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 1,683 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $42.29, for a total transaction of $71,174.07. The disclosure for this sale can be found here. Insiders have sold a total of 974,455 shares of company stock valued at $46,966,450 over the last ninety days. 3.41% of the stock is owned by insiders.

IBKR has been the subject of a number of research reports. Zacks Investment Research raised shares of 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. SunTrust Banks reissued a “hold” rating and issued a $40.00 price target on shares of Interactive Brokers Group in a report on Wednesday, October 4th. Finally, BidaskClub downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $41.67.

Interactive Brokers Group, Inc. (IBKR) opened at $60.40 on Friday. The company has a market cap of $25,068.78, a PE ratio of 52.49, a PEG ratio of 3.08 and a beta of 1.03. Interactive Brokers Group, Inc. has a 1-year low of $33.01 and a 1-year high of $62.33.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The company had revenue of $426.00 million during 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%. The firm’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period last year, the firm earned $0.30 EPS. equities analysts predict that Interactive Brokers Group, Inc. will post 1.47 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Friday, December 1st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend was Thursday, November 30th. Interactive Brokers Group’s payout ratio is 34.48%.

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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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