Toronto Dominion Bank grew its holdings in shares of Interactive Brokers Group, Inc. (IEX:IBKR) by 645.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,810 shares of the financial services provider’s stock after acquiring an additional 25,810 shares during the quarter. Toronto Dominion Bank’s holdings in Interactive Brokers Group were worth $1,648,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. ARK Investment Management LLC boosted its position in shares of Interactive Brokers Group by 23.3% during the 3rd 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. GWM Advisors LLC bought a new stake in Interactive Brokers Group in the 3rd quarter worth approximately $349,000. Engineers Gate Manager LP bought a new stake in Interactive Brokers Group in the 3rd quarter worth approximately $1,282,000. State Treasurer State of Michigan lifted its position in Interactive Brokers Group by 5.7% in the 3rd quarter. State Treasurer State of Michigan now owns 27,800 shares of the financial services provider’s stock worth $1,538,000 after buying an additional 1,500 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in Interactive Brokers Group by 6.7% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 29,543 shares of the financial services provider’s stock worth $1,634,000 after buying an additional 1,852 shares during the last quarter. Hedge funds and other institutional investors own 14.79% of the company’s stock.
Interactive Brokers Group stock opened at $51.91 on Monday. Interactive Brokers Group, Inc. has a 12 month low of $47.13 and a 12 month high of $80.32.
Interactive Brokers Group (IEX:IBKR) last released its earnings results on Tuesday, October 16th. The financial services provider reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.01. The company had revenue of $439.00 million during the quarter, compared to the consensus estimate of $453.00 million.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Thursday, November 29th.
IBKR has been the subject of a number of recent research reports. BidaskClub downgraded Interactive Brokers Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 1st. Zacks Investment Research downgraded Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. Finally, ValuEngine downgraded Interactive Brokers Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $69.86.
In other Interactive Brokers Group news, insider Thomas Aj Frank sold 54,972 shares of the stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $62.17, for a total value of $3,417,609.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Milan Galik bought 415 shares of the stock in a transaction on Saturday, December 15th. The stock was purchased at an average cost of $60.40 per share, for a total transaction of $25,066.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 3,121 shares of company stock worth $175,742 and have sold 109,568 shares worth $6,819,906. Corporate insiders own 1.98% of the company’s stock.
Interactive Brokers Group Company 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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