EULAV Asset Management reduced its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating) by 19.5% in the third quarter, according to its latest Form 13F filed with the SEC. The fund owned 62,000 shares of the financial services provider after selling 15,000 shares during the period. EULAV Asset Management’s holdings in Interactive Brokers Group were valued at $3,962,000 as of the most recent filing with the SEC.
Many other hedge funds have also recently bought and sold stocks. Creative Planning purchased a new position worth approximately $358,000 at Interactive Brokers Group in the third quarter. Vestmark Advisory Solutions Inc. raised his stake in Interactive Brokers Group by 8.6% in the third quarter. After acquiring an additional 6,644 shares during this period, Vestmark Advisory Solutions Inc. now owns 83,647 shares of the financial services provider worth $5,346,000. Manufacturers Life Insurance Company increased its stake in Interactive Brokers Group by 13.3% in the third quarter. Manufacturers’ Life Insurance Company now owns 83,252 shares of the financial services provider worth $5,321,000 after acquiring an additional 9,761 shares during the previous quarter. Ibex Investors LLC increased its stake in Interactive Brokers Group by 51.8% in the third quarter. After acquiring an additional 2,900 shares during this period, Ibex Investors LLC now owns 8,500 shares of the financial services provider worth $543,000. Finally, DekaBank Deutsche Girozentrale increased its stake in Interactive Brokers Group by 155.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 3,962 shares of the financial services provider worth $252,000 after purchasing an additional 2,409 shares during the previous quarter. Currently 97.84% of the shares are owned by institutional investors.
Interactive Brokers Group Price Performance
IBKR shares opened Friday at $78.92. His 50-day moving average for this business is $75.06 and his 200-day moving average is $69.11. The company has a market capitalization of $33.11 billion, a price/earnings ratio of 21.10, a price/earnings ratio of 0.56 and a beta of 0.77. Interactive Brokers Group, Inc. has a one-year low of $52.18 and a one-year high of $83.40.
Interactive Brokers Group Announces Dividend
The business recently announced a quarterly dividend payable on Tuesday, March 14th. Investors of record on Wednesday, March 1 will receive a dividend of $0.10. This represents his $0.40 dividend and his 0.51% yield on an annual basis. The ex-dividend date is Tuesday, February 28. Interactive Brokers Group’s payout percentage is currently 10.70%.
Interactive Brokers Group Insider Trading
In related news, Chairman Thomas Peterffy sold 20,000 shares in a transaction that took place on Thursday, January 19th. The shares sold for an average of $79.55, and the total transaction value he had was $1,591,000.00. Following the closing of the sale, the Chairman now directly owns 1,750,605 shares of the Company’s stock valued at $139,266,277.75. The sale was disclosed in documents filed with the Securities and Exchange Commission which can be accessed via this hyperlink. In other news, Chairman Thomas Peterffy sold 20,000 shares of the company in a transaction that took place on Thursday, January 19th. The shares sold for an average of $79.55, and the total transaction value he made was $1,591,000.00. Following the closing of the sale, the Chairman now owns 1,750,605 shares in the company, valued at approximately $139,260,627.75. The sale is disclosed in documents filed with the SEC and available on his website. And his insider, Thomas Aj Frank, sold 19,600 shares of the company’s stock in a deal that took place on Tuesday, November 22nd. The shares sold for an average of $76.79, giving him a total of $1,505,084.00. Following the closing of the transaction, the insider now owns his 53,247 shares in the company, valued at approximately $4,088,837.13. Please see here for the disclosure of this sale. The insider said last quarter he sold 351,900 shares of company stock worth $27,426,203. His 5.72% of shares are now owned by corporate insiders.
Analyst upgrades and downgrades
Several research analysts are considering IBKR stock. StockNews.com began covering Interactive Brokers Group in an investigative report on Wednesday, October 12th. They put a “Hold” rating on the stock. Barclays raised its price target on Interactive Brokers Group stock to $96.00 from $90.00, giving the company an ‘overweight’ rating in a research report on Wednesday. Received coverage for Interactive Brokers Group. They set a ‘buy’ rating and a price target of $85.00. One analyst rated the stock with a hold rating and four analysts gave the stock a buy rating. According to MarketBeat, the company’s consensus rating is “moderate buy” with an average price target of $94.60.
About Interactive Brokers Group
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Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The firm specializes in the execution, clearing and settlement of equities, options, futures, foreign exchange products, fixed income, mutual funds, exchange traded funds (ETFs), metals and cryptocurrencies. We also offer custody and service accounts for hedging and mutual funds, ETFs, registered investment managers, proprietary trading groups, introducing brokers, and individual investors.
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Want to know which other hedge funds hold IBKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trading from Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating).
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