Mitsubishi UFJ Trust & Banking Corp Reduces Stake in Interactive Brokers Group, Inc. (IBKR)

Mitsubishi UFJ Trust & Banking Corp lowered its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 826,310 shares of the financial services provider’s stock after selling 9,190 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.20% of Interactive Brokers Group worth $37,217,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Interactive Brokers Group by 27.9% in the second quarter. The Manufacturers Life Insurance Company now owns 2,966 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 647 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of Interactive Brokers Group by 71.9% in the second quarter. Riverhead Capital Management LLC now owns 3,095 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 1,295 shares during the last quarter. World Asset Management Inc bought a new position in shares of Interactive Brokers Group in the third quarter worth about $214,000. Everence Capital Management Inc. bought a new position in shares of Interactive Brokers Group in the third quarter worth about $224,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Interactive Brokers Group in the third quarter worth about $240,000. 15.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group, Inc. (IBKR) opened at $58.08 on Monday. The stock has a market cap of $23,911.88, a P/E ratio of 50.07, a P/E/G ratio of 2.94 and a beta of 1.03. Interactive Brokers Group, Inc. has a fifty-two week low of $33.01 and a fifty-two week high of $58.13.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Friday, December 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.69%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 34.48%.

In related news, CAO Denis Mendonca sold 1,156 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $49.50, for a total value of $57,222.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 1,095,957 shares of company stock valued at $52,044,877. 3.41% of the stock is owned by company insiders.

A number of research analysts have recently commented on IBKR shares. BidaskClub raised shares of Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a report on Monday, August 14th. Zacks Investment Research raised shares of Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Tuesday, September 19th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $40.00 price objective on shares of Interactive Brokers Group in a report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $41.67.

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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.

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

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