Comerica Bank reduced its holdings in Interactive Brokers Group (NASDAQ:IBKR) by 24.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,970 shares of the financial services provider’s stock after selling 17,648 shares during the quarter. Comerica Bank’s holdings in Interactive Brokers Group were worth $4,067,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in Interactive Brokers Group by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 595,111 shares of the financial services provider’s stock valued at $35,236,000 after acquiring an additional 11,348 shares during the period. Miura Global Management LLC purchased a new stake in Interactive Brokers Group during the fourth quarter valued at about $34,046,000. Renaissance Technologies LLC grew its position in Interactive Brokers Group by 49.0% during the fourth quarter. Renaissance Technologies LLC now owns 322,300 shares of the financial services provider’s stock valued at $19,083,000 after acquiring an additional 105,978 shares during the period. Greenwich Wealth Management LLC grew its position in Interactive Brokers Group by 21.9% during the first quarter. Greenwich Wealth Management LLC now owns 311,673 shares of the financial services provider’s stock valued at $20,957,000 after acquiring an additional 55,931 shares during the period. Finally, Wells Fargo & Company MN grew its position in Interactive Brokers Group by 6.7% during the first quarter. Wells Fargo & Company MN now owns 297,926 shares of the financial services provider’s stock valued at $20,032,000 after acquiring an additional 18,773 shares during the period. Hedge funds and other institutional investors own 16.40% of the company’s stock.
Shares of Interactive Brokers Group opened at $78.05 on Friday, according to Marketbeat. Interactive Brokers Group has a 1-year low of $78.26 and a 1-year high of $78.76. The stock has a market capitalization of $32.35 billion, a PE ratio of 51.01, a P/E/G ratio of 1.86 and a beta of 0.97.
Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, April 17th. The financial services provider reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.06. Interactive Brokers Group had a return on equity of 2.04% and a net margin of 4.58%. The company had revenue of $527.00 million during the quarter, compared to the consensus estimate of $502.56 million. During the same quarter in the prior year, the business earned $0.34 earnings per share. The company’s revenue was up 40.9% compared to the same quarter last year. research analysts expect that Interactive Brokers Group will post 2.21 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Friday, June 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Thursday, May 31st. Interactive Brokers Group’s payout ratio is 26.14%.
IBKR has been the subject of a number of research reports. ValuEngine raised Interactive Brokers Group from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. BidaskClub raised Interactive Brokers Group from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. SunTrust Banks reissued a “hold” rating on shares of Interactive Brokers Group in a research report on Friday, March 2nd. Goldman Sachs reissued a “sell” rating and set a $64.00 price target (up previously from $61.00) on shares of Interactive Brokers Group in a research report on Friday, February 23rd. Finally, Sandler O’Neill reissued a “buy” rating on shares of Interactive Brokers Group in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and three have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $66.71.
About Interactive Brokers Group
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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