Louisiana State Employees Retirement System boosted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 6.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,300 shares of the financial services provider’s stock after buying an additional 1,300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Interactive Brokers Group were worth $1,390,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in IBKR. Ameriprise Financial Inc. increased its position in Interactive Brokers Group by 48.9% in the 1st quarter. Ameriprise Financial Inc. now owns 242,796 shares of the financial services provider’s stock valued at $17,734,000 after buying an additional 79,726 shares in the last quarter. Ameritas Investment Company LLC purchased a new position in shares of Interactive Brokers Group in the 1st quarter worth approximately $33,000. Verition Fund Management LLC purchased a new position in Interactive Brokers Group in the first quarter valued at approximately $357,000. Eaton Vance Management purchased a new position in Interactive Brokers Group in the first quarter valued at approximately $75,000. Finally, Virtu Financial LLC lifted its stake in Interactive Brokers Group by 85.0% in the first quarter. Virtu Financial LLC now owns 9,178 shares of the financial services provider’s stock valued at $670,000 after purchasing an additional 4,216 shares during the last quarter. 19.08% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research raised shares of Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Interactive Brokers Group presently has an average rating of “Buy” and a consensus target price of $84.00.
Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Monday, October 18th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.02. The company had revenue of $464.00 million for the quarter, compared to analysts’ expectations of $639.15 million. Interactive Brokers Group had a net margin of 10.95% and a return on equity of 3.13%. The firm’s quarterly revenue was down 15.3% on a year-over-year basis. During the same quarter last year, the company posted $0.53 earnings per share. As a group, equities analysts predict that Interactive Brokers Group, Inc. will post 3.3 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 14th. Investors of record on Wednesday, December 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Tuesday, November 30th. Interactive Brokers Group’s dividend payout ratio (DPR) is 11.76%.
In related news, CAO Denis Mendonca sold 8,591 shares of Interactive Brokers Group stock in a transaction dated Thursday, October 21st. The shares were sold at an average price of $75.00, for a total transaction of $644,325.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas Aj Frank sold 16,291 shares of the business’s stock in a transaction dated Monday, November 22nd. The shares were sold at an average price of $76.24, for a total transaction of $1,242,025.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,128,633 shares of company stock worth $78,341,788. 11.83% of the stock is currently owned by insiders.
Interactive Brokers Group Profile
Interactive Brokers Group, Inc operates as an investment holding company, which engages in broker or dealer and proprietary trading businesses. It operates through the following segments: Electronic Brokerage and Corporate. The Electronic Brokerage segment is a direct market access broker, which serve the customers of both traditional brokers and prime brokers.
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