Great West Life Assurance Co. Can decreased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,935 shares of the financial services provider’s stock after selling 1,022 shares during the period. Great West Life Assurance Co. Can’s holdings in Interactive Brokers Group were worth $2,572,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in IBKR. BNP Paribas Arbitrage SA grew its position in shares of Interactive Brokers Group by 2,902.1% in the second quarter. BNP Paribas Arbitrage SA now owns 285,232 shares of the financial services provider’s stock valued at $18,372,000 after purchasing an additional 275,731 shares during the last quarter. BlackRock Inc. grew its position in shares of Interactive Brokers Group by 4.4% in the first quarter. BlackRock Inc. now owns 6,026,103 shares of the financial services provider’s stock valued at $405,194,000 after purchasing an additional 255,296 shares during the last quarter. Greenwich Wealth Management LLC grew its position in shares of Interactive Brokers Group by 76.4% in the second quarter. Greenwich Wealth Management LLC now owns 549,833 shares of the financial services provider’s stock valued at $35,415,000 after purchasing an additional 238,160 shares during the last quarter. Northern Trust Corp grew its position in shares of Interactive Brokers Group by 27.5% in the first quarter. Northern Trust Corp now owns 801,624 shares of the financial services provider’s stock valued at $53,902,000 after purchasing an additional 172,755 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. grew its position in shares of Interactive Brokers Group by 446.0% in the second quarter. Cookson Peirce & Co. Inc. now owns 190,880 shares of the financial services provider’s stock valued at $12,295,000 after purchasing an additional 155,920 shares during the last quarter. Hedge funds and other institutional investors own 14.80% of the company’s stock.

IBKR has been the topic of several research reports. Zacks Investment Research downgraded Interactive Brokers Group from a “buy” rating to a “hold” rating in a research report on Tuesday, June 19th. BidaskClub downgraded Interactive Brokers Group from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. ValuEngine downgraded Interactive Brokers Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 21st. Compass Point initiated coverage on Interactive Brokers Group in a research report on Tuesday, June 5th. They issued a “neutral” rating and a $74.00 target price on the stock. Finally, SunTrust Banks decreased their target price on Interactive Brokers Group to $71.00 and set a “$65.34” rating on the stock in a research report on Wednesday, July 18th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Interactive Brokers Group currently has an average rating of “Hold” and an average target price of $69.86.

In related news, insider Thomas Aj Frank sold 30,951 shares of the stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $62.05, for a total transaction of $1,920,509.55. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 177,107 shares of company stock worth $11,012,193 in the last three months. 1.98% of the stock is currently owned by company insiders.

Shares of NASDAQ:IBKR opened at $58.63 on Monday. The company has a market cap of $23.44 billion, a P/E ratio of 38.32, a P/E/G ratio of 1.30 and a beta of 0.99. Interactive Brokers Group, Inc. has a 1 year low of $41.56 and a 1 year high of $80.32.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, July 17th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.05. The business had revenue of $445.00 million for the quarter, compared to the consensus estimate of $409.02 million. Interactive Brokers Group had a return on equity of 2.29% and a net margin of 5.19%. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.32 earnings per share. analysts forecast that Interactive Brokers Group, Inc. will post 2.29 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 31st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Thursday, August 30th. Interactive Brokers Group’s dividend payout ratio is currently 26.14%.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc operates as an automated electronic broker in approximately 120 electronic exchanges and market centers worldwide. It specializes in executing and clearing trades in securities, futures, foreign exchange instruments, bonds, and mutual funds. The company custodies and services accounts for hedge and mutual funds, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.

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Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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