Virginia Retirement Systems ET AL Cuts Stake in Interactive Brokers Group, Inc. (IBKR)

Virginia Retirement Systems ET AL reduced its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,800 shares of the financial services provider’s stock after selling 600 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Interactive Brokers Group were worth $442,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Interactive Brokers Group by 1.2% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 15,530 shares of the financial services provider’s stock worth $539,000 after purchasing an additional 190 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in Interactive Brokers Group by 0.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 29,100 shares of the financial services provider’s stock valued at $1,089,000 after acquiring an additional 200 shares during the period. Prudential Financial Inc. boosted its holdings in Interactive Brokers Group by 0.3% during the 1st quarter. Prudential Financial Inc. now owns 113,689 shares of the financial services provider’s stock valued at $3,947,000 after acquiring an additional 390 shares during the period. Texas Permanent School Fund boosted its holdings in Interactive Brokers Group by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 49,638 shares of the financial services provider’s stock valued at $1,857,000 after acquiring an additional 416 shares during the period. Finally, Gotham Asset Management LLC boosted its holdings in Interactive Brokers Group by 4.7% during the 1st quarter. Gotham Asset Management LLC now owns 10,591 shares of the financial services provider’s stock valued at $368,000 after acquiring an additional 479 shares during the period. Hedge funds and other institutional investors own 15.01% of the company’s stock.

Interactive Brokers Group, Inc. (NASDAQ IBKR) opened at 41.45 on Friday. Interactive Brokers Group, Inc. has a 12 month low of $31.97 and a 12 month high of $42.74. The stock has a 50 day moving average price of $40.85 and a 200 day moving average price of $37.26. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 40.48 and a beta of 0.94.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.05. Interactive Brokers Group had a net margin of 4.97% and a return on equity of 1.19%. The company had revenue of $387 million for the quarter, compared to the consensus estimate of $377.65 million. During the same period in the prior year, the firm posted $0.40 EPS. The business’s revenue was up 4.9% on a year-over-year basis. Analysts anticipate that Interactive Brokers Group, Inc. will post $1.51 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Wednesday, August 30th. Interactive Brokers Group’s dividend payout ratio is presently 38.84%.

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In related news, Vice Chairman Earl H. Nemser sold 841 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $41.29, for a total value of $34,724.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas Aj Frank sold 16,580 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $40.42, for a total transaction of $670,163.60. The disclosure for this sale can be found here. Insiders have sold 381,306 shares of company stock valued at $15,725,890 in the last ninety days. Insiders own 3.41% of the company’s stock.

Several brokerages recently weighed in on IBKR. BidaskClub upgraded Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a report on Monday, August 14th. Rosenblatt Securities began coverage on Interactive Brokers Group in a report on Thursday, July 13th. They set a “neutral” rating and a $40.00 target price for the company. ValuEngine upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Thursday, June 8th. Zacks Investment Research cut Interactive Brokers Group from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $38.00 target price on shares of Interactive Brokers Group in a report on Friday, June 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $39.17.

Interactive Brokers Group Company 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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