US Bancorp DE trimmed its position in shares of Interactive Brokers Group, Inc. (IEX:IBKR) by 5.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,684 shares of the financial services provider’s stock after selling 2,889 shares during the period. US Bancorp DE’s holdings in Interactive Brokers Group were worth $2,637,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in IBKR. Robeco Institutional Asset Management B.V. boosted its stake in shares of Interactive Brokers Group by 53.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 298,127 shares of the financial services provider’s stock valued at $18,257,000 after purchasing an additional 104,114 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Interactive Brokers Group by 6.7% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 29,543 shares of the financial services provider’s stock valued at $1,634,000 after purchasing an additional 1,852 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Interactive Brokers Group by 7.4% in the 3rd quarter. Arizona State Retirement System now owns 53,313 shares of the financial services provider’s stock valued at $2,949,000 after purchasing an additional 3,685 shares in the last quarter. CWM LLC boosted its stake in shares of Interactive Brokers Group by 42.4% in the 3rd quarter. CWM LLC now owns 44,220 shares of the financial services provider’s stock valued at $2,446,000 after purchasing an additional 13,156 shares in the last quarter. Finally, GWM Advisors LLC acquired a new stake in shares of Interactive Brokers Group in the 3rd quarter valued at approximately $349,000. Hedge funds and other institutional investors own 14.79% of the company’s stock.

IEX:IBKR opened at $54.32 on Friday. Interactive Brokers Group, Inc. has a one year low of $47.13 and a one year high of $80.32.

Interactive Brokers Group (IEX:IBKR) last posted its earnings results on Tuesday, October 16th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. The business had revenue of $439.00 million for the quarter, compared to analyst estimates of $453.00 million.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, November 29th. This represents a $0.40 annualized dividend and a yield of 0.74%.

In other Interactive Brokers Group news, President Milan Galik bought 578 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The shares were acquired at an average cost of $43.32 per share, for a total transaction of $25,038.96. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Thomas Aj Frank sold 28,776 shares of Interactive Brokers Group stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $62.11, for a total transaction of $1,787,277.36. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 3,121 shares of company stock worth $175,742 and have sold 138,344 shares worth $8,607,183. 1.98% of the stock is owned by company insiders.

A number of equities research analysts have recently weighed in on IBKR shares. Zacks Investment Research upgraded shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 11th. ValuEngine downgraded shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Finally, BidaskClub downgraded shares of Interactive Brokers Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 1st. Three analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $69.86.

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About Interactive Brokers Group

Interactive Brokers Group, Inc operates as an automated electronic broker in approximately 120 electronic exchanges and market centers worldwide. It specializes in executing and clearing trades in securities, futures, foreign exchange instruments, bonds, and mutual funds. The company custodies and services accounts for hedge and mutual funds, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.

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

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