Gamble Jones Investment Counsel Reduces Holdings in Interactive Brokers Group, Inc. (IBKR)
Gamble Jones Investment Counsel trimmed its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 8.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 64,371 shares of the financial services provider’s stock after selling 6,037 shares during the period. Gamble Jones Investment Counsel’s holdings in Interactive Brokers Group were worth $3,811,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in IBKR. The Manufacturers Life Insurance Company boosted its position in Interactive Brokers Group by 27.9% in the second quarter. The Manufacturers Life Insurance Company now owns 2,966 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 647 shares during the last quarter. FNY Partners Fund LP purchased a new position in Interactive Brokers Group in the fourth quarter worth about $177,000. Advisor Partners LLC purchased a new position in Interactive Brokers Group in the fourth quarter worth about $206,000. Creative Planning purchased a new position in Interactive Brokers Group in the fourth quarter worth about $206,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Interactive Brokers Group by 48.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,557 shares of the financial services provider’s stock worth $211,000 after purchasing an additional 1,163 shares during the last quarter. 15.82% of the stock is currently owned by institutional investors and hedge funds.
Interactive Brokers Group, Inc. (IBKR) opened at $63.39 on Wednesday. Interactive Brokers Group, Inc. has a 12-month low of $33.01 and a 12-month high of $67.42. The firm has a market capitalization of $25,591.64, a PE ratio of 59.24, a PEG ratio of 3.00 and a beta of 1.05.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Thursday, March 1st will be issued a $0.10 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.63%. Interactive Brokers Group’s dividend payout ratio is presently 37.38%.
In related news, Vice Chairman Earl H. Nemser sold 32,000 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $62.80, for a total value of $2,009,600.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.41% of the stock is currently owned by insiders.
IBKR has been the topic of a number of analyst reports. SunTrust Banks lifted their price objective on Interactive Brokers Group to $48.00 and gave the company an “average” rating in a research report on Wednesday, October 18th. Sandler O’Neill reaffirmed a “buy” rating on shares of Interactive Brokers Group in a research report on Friday, February 2nd. BidaskClub raised Interactive Brokers Group from a “hold” rating to a “buy” rating in a research report on Monday. Zacks Investment Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating and set a $68.00 price objective on the stock in a research report on Monday, January 8th. Finally, Goldman Sachs Group cut Interactive Brokers Group from a “neutral” rating to a “sell” rating and set a $59.00 price objective on the stock. in a research report on Monday, January 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $50.33.
TRADEMARK VIOLATION NOTICE: “Gamble Jones Investment Counsel Reduces Holdings in Interactive Brokers Group, Inc. (IBKR)” was first reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2018/02/07/gamble-jones-investment-counsel-reduces-holdings-in-interactive-brokers-group-inc-ibkr.html.
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.
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:IBKR).
Receive News & Ratings for Interactive Brokers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interactive Brokers Group and related companies with MarketBeat.com's FREE daily email newsletter.