Mason Street Advisors LLC purchased a new stake in Interactive Brokers Group Inc. (NASDAQ:IBKR) during the second quarter, Holdings Channel reports. The firm purchased 11,383 shares of the company’s stock, valued at approximately $403,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legal & General Group Plc increased its position in shares of Interactive Brokers Group by 33.6% in the first quarter. Legal & General Group Plc now owns 4,735 shares of the company’s stock valued at $187,000 after buying an additional 1,191 shares during the period. Allen Investment Management LLC purchased a new stake in Interactive Brokers Group during the first quarter valued at $445,000. AMP Capital Investors Ltd increased its stake in Interactive Brokers Group by 70.0% in the first quarter. AMP Capital Investors Ltd now owns 84,500 shares of the company’s stock valued at $3,314,000 after buying an additional 34,804 shares during the last quarter. Geode Capital Management LLC increased its stake in Interactive Brokers Group by 1.6% in the first quarter. Geode Capital Management LLC now owns 366,583 shares of the company’s stock valued at $14,414,000 after buying an additional 5,933 shares during the last quarter. Finally, Rafferty Asset Management LLC increased its stake in Interactive Brokers Group by 49.3% in the first quarter. Rafferty Asset Management LLC now owns 7,605 shares of the company’s stock valued at $299,000 after buying an additional 2,511 shares during the last quarter. 84.67% of the stock is owned by hedge funds and other institutional investors.
Shares of Interactive Brokers Group Inc. (NASDAQ:IBKR) opened at 37.41 on Thursday. Interactive Brokers Group Inc. has a 52 week low of $29.50 and a 52 week high of $44.85. The stock has a 50 day moving average price of $35.54 and a 200-day moving average price of $36.88. The stock has a market cap of $2.52 billion, a P/E ratio of 24.79 and a beta of 0.93.
Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, July 19th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $369 million for the quarter, compared to analysts’ expectations of $373.43 million. Interactive Brokers Group had a return on equity of 1.80% and a net margin of 6.35%. Equities analysts predict that Interactive Brokers Group Inc. will post $1.64 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Thursday, September 1st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Tuesday, August 30th. Interactive Brokers Group’s dividend payout ratio is presently 26.49%.
Separately, Zacks Investment Research downgraded Interactive Brokers Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 20th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Interactive Brokers Group has a consensus rating of “Hold” and a consensus target price of $40.58.
About Interactive Brokers Group
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 100 electronic exchanges and trading venues around the world.
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