Nordea Investment Management AB grew its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 8.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 480,120 shares of the financial services provider’s stock after acquiring an additional 37,090 shares during the period. Nordea Investment Management AB owned about 0.69% of Interactive Brokers Group worth $17,966,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Municipal Employees Retirement System of Michigan lifted its position in shares of Interactive Brokers Group by 1.2% in the first quarter. Municipal Employees Retirement System of Michigan now owns 15,530 shares of the financial services provider’s stock valued at $539,000 after acquiring an additional 190 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Interactive Brokers Group by 0.6% in the second quarter. Alliancebernstein L.P. now owns 34,504 shares of the financial services provider’s stock valued at $1,291,000 after acquiring an additional 196 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in shares of Interactive Brokers Group by 0.7% in the second 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 in the last quarter. Prudential Financial Inc. lifted its position in shares of Interactive Brokers Group by 0.3% in the first 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 in the last quarter. Finally, Texas Permanent School Fund lifted its position in shares of Interactive Brokers Group by 0.8% in the second 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 in the last quarter. Institutional investors and hedge funds own 15.01% of the company’s stock.

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IBKR has been the topic of several research analyst reports. Zacks Investment Research upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Monday, July 10th. BidaskClub raised Interactive Brokers Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $38.00 target price on shares of Interactive Brokers Group in a report on Friday, June 30th. Rosenblatt Securities initiated coverage on Interactive Brokers Group in a report on Thursday, July 13th. They issued a “neutral” rating and a $40.00 target price on the stock. Finally, ValuEngine raised Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Thursday, June 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Interactive Brokers Group has an average rating of “Hold” and a consensus target price of $40.00.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.05). The company had revenue of $387.00 million during the quarter, compared to analysts’ expectations of $377.65 million. Interactive Brokers Group had a net margin of 4.97% and a return on equity of 1.19%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 earnings per share.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Friday, September 1st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Wednesday, August 30th. Interactive Brokers Group’s dividend payout ratio is presently 38.84%.

In related news, insider Thomas Aj Frank sold 16,580 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $40.42, for a total value of $670,163.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Vice Chairman Earl H. Nemser sold 1,657 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $40.42, for a total transaction of $66,975.94. The disclosure for this sale can be found here. Insiders sold a total of 552,788 shares of company stock worth $22,985,373 over the last ninety days. 3.41% of the stock is currently owned by corporate insiders.

Interactive Brokers Group 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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