Kayne Anderson Rudnick Investment Management LLC Raises Position in Interactive Brokers Group, Inc. (IBKR)

Kayne Anderson Rudnick Investment Management LLC boosted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 14.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,259,199 shares of the financial services provider’s stock after buying an additional 284,389 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 0.55% of Interactive Brokers Group worth $101,754,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its stake in Interactive Brokers Group by 206.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 504,021 shares of the financial services provider’s stock valued at $22,701,000 after buying an additional 339,648 shares in the last quarter. Comerica Bank lifted its stake in Interactive Brokers Group by 5.7% in the 3rd quarter. Comerica Bank now owns 75,573 shares of the financial services provider’s stock valued at $4,019,000 after buying an additional 4,067 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Interactive Brokers Group by 2.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 750,411 shares of the financial services provider’s stock valued at $33,799,000 after buying an additional 14,443 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in Interactive Brokers Group in the 3rd quarter valued at about $240,000. Finally, Rhumbline Advisers lifted its stake in Interactive Brokers Group by 5.9% in the 3rd quarter. Rhumbline Advisers now owns 119,046 shares of the financial services provider’s stock valued at $5,362,000 after buying an additional 6,623 shares in the last quarter. 15.29% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group, Inc. (NASDAQ:IBKR) traded up $0.15 on Wednesday, reaching $54.05. 210,300 shares of the company’s stock were exchanged, compared to its average volume of 539,536. Interactive Brokers Group, Inc. has a twelve month low of $33.01 and a twelve month high of $55.66. The stock has a market cap of $22,190.58, a price-to-earnings ratio of 46.47, a price-to-earnings-growth ratio of 2.73 and a beta of 1.01.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, December 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Thursday, November 30th. Interactive Brokers Group’s dividend payout ratio (DPR) is 34.48%.

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In other news, insider Thomas Aj Frank sold 54,903 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $54.21, for a total transaction of $2,976,291.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Earl H. Nemser sold 1,649 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $40.77, for a total transaction of $67,229.73. The disclosure for this sale can be found here. Insiders sold a total of 1,283,467 shares of company stock worth $59,842,837 over the last three months. Corporate insiders own 3.41% of the company’s stock.

A number of research analysts recently weighed in on the stock. BidaskClub raised shares of Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. SunTrust Banks, Inc. raised their target price on shares of Interactive Brokers Group to $48.00 and gave the stock an “average” rating in a research note on Wednesday, October 18th. Finally, Zacks Investment Research lowered shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. 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 given a strong buy rating to the company’s stock. Interactive Brokers Group currently 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.

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

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