CIBC Asset Management Inc continued to hold its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the second quarter, Holdings Channel reports. The institutional investor owned 8,151 shares of the financial services provider’s stock at the end of the second quarter. CIBC Asset Management Inc’s holdings in Interactive Brokers Group were worth $305,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Trust Advisors LP boosted its position in shares of Interactive Brokers Group by 253.9% in the first quarter. First Trust Advisors LP now owns 182,167 shares of the financial services provider’s stock valued at $6,325,000 after buying an additional 130,686 shares in the last quarter. Reinhart Partners Inc. boosted its position in shares of Interactive Brokers Group by 2.8% in the first quarter. Reinhart Partners Inc. now owns 42,230 shares of the financial services provider’s stock valued at $1,466,000 after buying an additional 1,160 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Interactive Brokers Group by 6.7% in the first quarter. Great West Life Assurance Co. Can now owns 94,759 shares of the financial services provider’s stock valued at $3,289,000 after buying an additional 5,966 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Interactive Brokers Group during the first quarter valued at $203,000. Finally, Wells Fargo & Company MN boosted its position in shares of Interactive Brokers Group by 36.4% in the first quarter. Wells Fargo & Company MN now owns 387,990 shares of the financial services provider’s stock valued at $13,471,000 after buying an additional 103,560 shares in the last quarter. 14.19% of the stock is owned by institutional investors.

Interactive Brokers Group, Inc. (IBKR) opened at 40.70 on Friday. Interactive Brokers Group, Inc. has a 52-week low of $31.97 and a 52-week high of $41.78. The company has a 50 day moving average price of $39.12 and a 200-day moving average price of $36.87. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 39.75 and a beta of 0.94.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Friday, September 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.98%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 38.84%.

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Several research analysts recently weighed in on the company. BidaskClub raised Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a research note on Monday. Zacks Investment Research cut Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Rosenblatt Securities assumed coverage on Interactive Brokers Group in a research note on Thursday, July 13th. They set a “neutral” rating and a $40.00 target price for the company. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $38.00 target price on shares of Interactive Brokers Group in a research note on Thursday, July 6th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $38.00 target price on shares of Interactive Brokers Group in a research note on Friday, June 30th. One research 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 stock has a consensus rating of “Hold” and a consensus price target of $39.17.

In related news, Vice Chairman Earl H. Nemser sold 841 shares of Interactive Brokers Group stock in a transaction on Monday, August 14th. The stock was sold at an average price of $41.29, for a total transaction of $34,724.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas Aj Frank sold 16,836 shares of Interactive Brokers Group stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $41.36, for a total value of $696,336.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 161,078 shares of company stock valued at $6,555,727. 3.41% of the stock is owned by insiders.

About Interactive Brokers Group

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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