State of Tennessee Treasury Department trimmed its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,630 shares of the financial services provider’s stock after selling 3,769 shares during the period. State of Tennessee Treasury Department owned about 0.08% of Interactive Brokers Group worth $2,686,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Alliancebernstein L.P. grew its holdings in shares of Interactive Brokers Group by 0.6% during the second quarter. Alliancebernstein L.P. now owns 34,504 shares of the financial services provider’s stock worth $1,291,000 after purchasing an additional 196 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Interactive Brokers Group by 0.7% during 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 during the period. Texas Permanent School Fund lifted its stake in shares of Interactive Brokers Group by 0.8% during 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 during the period. State of Wisconsin Investment Board lifted its stake in shares of Interactive Brokers Group by 3.8% during the second quarter. State of Wisconsin Investment Board now owns 13,137 shares of the financial services provider’s stock valued at $492,000 after acquiring an additional 480 shares during the period. Finally, Western Standard LLC lifted its stake in shares of Interactive Brokers Group by 0.7% during the second quarter. Western Standard LLC now owns 75,600 shares of the financial services provider’s stock valued at $2,829,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 15.29% of the company’s stock.

In related news, Vice Chairman Earl H. Nemser sold 1,649 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $40.94, for a total transaction of $67,510.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Denis Mendonca sold 1,156 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $49.50, for a total value of $57,222.00. The disclosure for this sale can be found here. Insiders sold 1,254,220 shares of company stock valued at $58,650,437 over the last 90 days. Corporate insiders own 3.41% of the company’s stock.

Interactive Brokers Group, Inc. (NASDAQ:IBKR) opened at $54.52 on Friday. Interactive Brokers Group, Inc. has a one year low of $33.01 and a one year high of $55.66. The firm has a market capitalization of $22,460.00, a PE ratio of 46.60, a price-to-earnings-growth ratio of 2.73 and a beta of 1.01.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.05. Interactive Brokers Group had a return on equity of 1.35% and a net margin of 5.29%. The company had revenue of $426.00 million during the quarter, compared to the consensus estimate of $382.85 million. During the same period in the prior year, the company earned $0.30 earnings per share. The company’s revenue for the quarter was up 23.5% compared to the same quarter last year. equities research analysts anticipate that Interactive Brokers Group, Inc. will post 1.47 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, December 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.73%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 34.48%.

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Several brokerages have recently issued reports on IBKR. BidaskClub raised Interactive Brokers Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Tuesday, September 19th. Finally, SunTrust Banks, Inc. upped their price target on Interactive Brokers Group to $48.00 and gave the company an “average” rating in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Interactive Brokers Group presently has an average rating of “Hold” and an average target price of $41.67.

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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