Cantillon Capital Management LLC Has $144.65 Million Holdings in Interactive Brokers Group, Inc. (IBKR)
Cantillon Capital Management LLC boosted its holdings in shares of Interactive Brokers Group, Inc. (IEX:IBKR) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,615,325 shares of the financial services provider’s stock after purchasing an additional 141,788 shares during the period. Interactive Brokers Group comprises 1.6% of Cantillon Capital Management LLC’s portfolio, making the stock its 29th biggest holding. Cantillon Capital Management LLC’s holdings in Interactive Brokers Group were worth $144,653,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Mckinley Capital Management LLC Delaware lifted its stake in Interactive Brokers Group by 43.8% during the third quarter. Mckinley Capital Management LLC Delaware now owns 4,276 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 1,303 shares during the period. Piedmont Investment Advisors Inc. raised its stake in shares of Interactive Brokers Group by 243,200.0% in the third quarter. Piedmont Investment Advisors Inc. now owns 4,866 shares of the financial services provider’s stock valued at $269,000 after acquiring an additional 4,864 shares during the last quarter. Hartford Investment Management Co. bought a new position in shares of Interactive Brokers Group in the third quarter valued at approximately $306,000. ARK Investment Management LLC raised its stake in shares of Interactive Brokers Group by 23.3% in the third quarter. ARK Investment Management LLC now owns 6,048 shares of the financial services provider’s stock valued at $335,000 after acquiring an additional 1,142 shares during the last quarter. Finally, GWM Advisors LLC bought a new position in shares of Interactive Brokers Group in the third quarter valued at approximately $349,000. Hedge funds and other institutional investors own 14.79% of the company’s stock.
Shares of Interactive Brokers Group stock opened at $54.10 on Monday. Interactive Brokers Group, Inc. has a fifty-two week low of $47.13 and a fifty-two week high of $80.32.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, November 29th.
In other Interactive Brokers Group news, President Milan Galik bought 2,128 shares of the stock in a transaction on Monday, September 17th. The stock was purchased at an average price of $59.04 per share, with a total value of $125,637.12. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Thomas Aj Frank sold 54,972 shares of Interactive Brokers Group stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $62.17, for a total transaction of $3,417,609.24. The disclosure for this sale can be found here. In the last three months, insiders purchased 3,121 shares of company stock valued at $175,742 and sold 138,344 shares valued at $8,607,183. Company insiders own 1.98% of the company’s stock.
IBKR has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Monday, September 3rd. ValuEngine cut shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Finally, BidaskClub cut shares of Interactive Brokers Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 1st. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $69.86.
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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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