BlackRock Inc. Has $340.87 Million Holdings in Interactive Brokers Group, Inc. (IEX:IBKR)

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BlackRock Inc. raised its holdings in shares of Interactive Brokers Group, Inc. (IEX:IBKR) by 1.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 6,570,293 shares of the financial services provider’s stock after acquiring an additional 63,070 shares during the period. BlackRock Inc.’s holdings in Interactive Brokers Group were worth $340,868,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FinTrust Capital Advisors LLC boosted its holdings in shares of Interactive Brokers Group by 30,000.0% during the first quarter. FinTrust Capital Advisors LLC now owns 602 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 600 shares during the period. Avestar Capital LLC purchased a new stake in shares of Interactive Brokers Group during the first quarter worth about $51,000. California State Teachers Retirement System boosted its holdings in shares of Interactive Brokers Group by 0.3% during the first quarter. California State Teachers Retirement System now owns 116,796 shares of the financial services provider’s stock worth $6,059,000 after purchasing an additional 346 shares during the period. Haverford Financial Services Inc. boosted its holdings in shares of Interactive Brokers Group by 22.4% during the first quarter. Haverford Financial Services Inc. now owns 12,005 shares of the financial services provider’s stock worth $623,000 after purchasing an additional 2,200 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of Interactive Brokers Group by 314.7% during the first quarter. First Trust Advisors LP now owns 146,108 shares of the financial services provider’s stock worth $7,580,000 after purchasing an additional 110,876 shares during the period. Institutional investors and hedge funds own 14.79% of the company’s stock.

Separately, Zacks Investment Research lowered shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $62.00.

Interactive Brokers Group stock opened at $53.26 on Thursday. Interactive Brokers Group, Inc. has a 1-year low of $47.13 and a 1-year high of $80.32.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, May 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.75%.

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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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Want to see what other hedge funds are holding IBKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interactive Brokers Group, Inc. (IEX:IBKR).

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

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