ProShare Advisors LLC Has $8.01 Million Holdings in Interactive Brokers Group, Inc. $IBKR

ProShare Advisors LLC boosted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report) by 409.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 116,419 shares of the financial services provider’s stock after purchasing an additional 93,555 shares during the period. ProShare Advisors LLC’s holdings in Interactive Brokers Group were worth $8,011,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of IBKR. Ballentine Partners LLC lifted its holdings in shares of Interactive Brokers Group by 1.0% during the 3rd quarter. Ballentine Partners LLC now owns 15,389 shares of the financial services provider’s stock worth $1,059,000 after acquiring an additional 145 shares during the period. Huntington National Bank raised its position in Interactive Brokers Group by 51.8% during the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 176 shares in the last quarter. SBI Securities Co. Ltd. raised its position in Interactive Brokers Group by 18.0% during the third quarter. SBI Securities Co. Ltd. now owns 1,180 shares of the financial services provider’s stock valued at $81,000 after purchasing an additional 180 shares in the last quarter. Pullen Investment Management LLC lifted its stake in Interactive Brokers Group by 1.0% during the third quarter. Pullen Investment Management LLC now owns 19,748 shares of the financial services provider’s stock worth $1,359,000 after purchasing an additional 200 shares during the last quarter. Finally, World Investment Advisors boosted its holdings in shares of Interactive Brokers Group by 3.0% in the 3rd quarter. World Investment Advisors now owns 6,852 shares of the financial services provider’s stock valued at $471,000 after purchasing an additional 202 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on IBKR shares. The Goldman Sachs Group reissued a “buy” rating and set a $91.00 price target on shares of Interactive Brokers Group in a report on Friday, October 17th. Barclays set a $83.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a research report on Wednesday, January 21st. BMO Capital Markets increased their target price on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Interactive Brokers Group currently has a consensus rating of “Buy” and an average target price of $76.39.

Check Out Our Latest Analysis on Interactive Brokers Group

Insider Activity

In other news, Vice Chairman Earl H. Nemser sold 145,000 shares of the firm’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $77.85, for a total transaction of $11,288,250.00. Following the completion of the transaction, the insider owned 155,000 shares of the company’s stock, valued at approximately $12,066,750. This trade represents a 48.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 400,000 shares of company stock worth $30,725,122 over the last ninety days. 2.97% of the stock is currently owned by company insiders.

More Interactive Brokers Group News

Here are the key news stories impacting Interactive Brokers Group this week:

Interactive Brokers Group Trading Down 1.1%

Interactive Brokers Group stock opened at $76.35 on Thursday. The stock has a 50-day moving average price of $69.96 and a two-hundred day moving average price of $67.28. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $79.18. The company has a market capitalization of $129.50 billion, a PE ratio of 34.47, a P/E/G ratio of 2.16 and a beta of 1.24.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last released its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.15. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The firm’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 earnings per share. As a group, analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, February 27th. Interactive Brokers Group’s dividend payout ratio is 14.48%.

About Interactive Brokers Group

(Free Report)

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.

See Also

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:IBKRFree Report).

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

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