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Manufacturers Life Insurance Company increased its stake in Interactive Brokers Group (NASDAQ:IBKR – Get Rating) by 13.3% in the third quarter, according to the latest Securities and Exchange Commission (SEC) filings . The fund owned his 83,252 shares of the financial services provider’s stock after acquiring an additional 9,761 of his shares during the quarter. The assets held by Manufacturers Life Insurance Company in Interactive Brokers Group were valued at $5,321,000 as of the most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also changed their holdings of IBKR. JPMorgan Chase & Company increased its stake in Interactive Brokers Group by 33.5% in the first quarter. JPMorgan Chase & Co. now owns 160,658 shares of the financial services provider worth $10,589,000 after purchasing an additional 40,304 of his shares last quarter. American Century Companies Inc. raised his stake in Interactive Brokers Group by 213.5% in the first quarter. American Century Companies Inc. said he owns 13,796 shares of the financial services provider worth $909,000 after he purchased an additional 9,395 shares last quarter. HighTower Advisors LLC increased its stake in Interactive Brokers Group by 10.7% in the first quarter. HighTower Advisors LLC now owns 3,966 shares of the financial services provider worth $261,000 after purchasing an additional 384 shares in the previous quarter. PNC Financial Services Group Inc. increased its stake in Interactive Brokers Group by 14.5% in the first quarter. PNC Financial Services Group Inc. now owns 4,199 shares of the financial services provider worth $278,000 after purchasing an additional 532 shares last quarter. Finally, Natixis Advisors LP purchased new shares of Interactive Brokers Group worth $699,000 in the first quarter. Hedge funds and other institutional investors own 97.84% of the company’s shares.
Analyst upgrades and downgrades
Multiple analysts have commented on the stock. StockNews.com featured Interactive Brokers Group shares in a research note on Wednesday, October 12th. They issued a “Hold” rating on the stock. Barclays raised its price target on Interactive Brokers Group shares from $90.00 to $96.00 and gave it an ‘Overweight’ rating in its research notes on Wednesday 18th January. Finally, Citigroup featured shares in Interactive Brokers Group in his research notes on Tuesday, Oct. 11. They issued a ‘buy’ rating and a price target of $85.00. One research analyst rated the stock with a hold rating and four gave the company a buy rating. According to MarketBeat data, the stock currently has an average rating of “moderate buy” with a consensus target price of $94.60.
Interactive Brokers Group stock gains 0.3%
Interactive Brokers Group shares opened at $77.74 on Tuesday. The company has a 50-day moving average price of $75.50 and a 200-day moving average price of $70.21. Interactive Brokers Group, Inc. has a 12-month low of $52.18 and a 12-month high of $83.40. The company has a market capitalization of $32.61 billion, a PE ratio of 20.79, a price/earnings ratio of 0.55 and a beta of 0.77.
Interactive Brokers Group Announces Dividend
The company recently announced a quarterly dividend payable on Tuesday, March 14th. Dividends of $0.10 will be issued to shareholders of record on Wednesday, March 1. The ex-dividend date for this dividend is Tuesday, February 28. That represents his $0.40 dividend and 0.51% dividend yield on an annual basis. Interactive Brokers Group’s Dividend Payout Ratio (DPR) is currently at 10.70%.
Interactive Brokers Group Insider Trading
In other news, Chairman Thomas Peterffy sold 20,000 shares of the company in a transaction on Friday, January 27th. The shares sold for an average of $77.76, giving him a total of $1,555,200.00. After the sale, the Chairman now directly owns 1,630,605 shares in the company, valued at approximately $126,795,844.80. The transaction was disclosed in legal filings with the SEC that can be accessed at this link. In related news, Chairman Thomas Peterffy sold 20,000 shares of the company in a transaction on Friday, January 27th. The shares sold for an average of $77.76 and the total transaction value was $1,555,200.00. After the transaction, the Chairman now directly owns 1,630,605 shares of the company, valued at approximately $126,795,844.80. The sale is disclosed in legal documents to the Securities and Exchange Commission, which can be accessed on his website at the SEC. And his insider, Thomas Aj Frank, sold 19,600 shares of the company’s stock in a deal on Tuesday, November 22nd. The shares sold for an average of $76.79, and the total transaction value he had was $1,505,084.00. After the transaction, the insider now owns his 53,247 shares in the company, worth his $4,088,837.13. Please see here for the disclosure of this sale. Insiders say that in the past three months he has sold 331,900 shares of company stock worth $25,840,203. The insider owns his 5.72% of the company’s shares.
About Interactive Brokers Group
(get rating)
Interactive Brokers Group, Inc operates as an investment holding company and is engaged in broker/dealer and proprietary trading businesses. It operates through the following segments: Electronic Brokerage and Enterprise. The Electronic Brokerage segment is a direct market access broker, serving both traditional and prime brokerage customers.
References
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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