Wells Fargo & Company MN cut its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 279,153 shares of the financial services provider’s stock after selling 22,495 shares during the quarter. Wells Fargo & Company MN owned approximately 0.07% of Interactive Brokers Group worth $16,528,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in IBKR. The Manufacturers Life Insurance Company increased its position in 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 purchasing an additional 647 shares during the period. Aperio Group LLC increased its position in Interactive Brokers Group by 13.4% in the third quarter. Aperio Group LLC now owns 13,976 shares of the financial services provider’s stock worth $629,000 after purchasing an additional 1,655 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in Interactive Brokers Group in the third quarter worth about $632,000. State of Wisconsin Investment Board increased its position in Interactive Brokers Group by 7.9% in the third quarter. State of Wisconsin Investment Board now owns 14,172 shares of the financial services provider’s stock worth $638,000 after purchasing an additional 1,035 shares during the period. Finally, Prudential Financial Inc. increased its position in Interactive Brokers Group by 4.0% in the third quarter. Prudential Financial Inc. now owns 115,814 shares of the financial services provider’s stock worth $5,216,000 after purchasing an additional 4,475 shares during the period. Hedge funds and other institutional investors own 15.90% of the company’s stock.
Interactive Brokers Group, Inc. (IBKR) opened at $72.46 on Wednesday. Interactive Brokers Group, Inc. has a 1-year low of $33.01 and a 1-year high of $74.11. The stock has a market capitalization of $30,186.43, a PE ratio of 48.24, a price-to-earnings-growth ratio of 3.49 and a beta of 0.93.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Wednesday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 37.38%.
In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 32,000 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $62.80, for a total transaction of $2,009,600.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.98% of the stock is currently owned by company insiders.
A number of brokerages recently commented on IBKR. SunTrust Banks reiterated a “hold” rating on shares of Interactive Brokers Group in a research report on Friday, March 2nd. BidaskClub lowered Interactive Brokers Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Zacks Investment Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating and set a $68.00 price objective for the company in a research report on Monday, January 8th. Goldman Sachs Group reiterated a “sell” rating and issued a $64.00 price objective (up from $61.00) on shares of Interactive Brokers Group in a research report on Friday, February 23rd. Finally, Sandler O’Neill reiterated a “buy” rating on shares of Interactive Brokers Group in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $54.00.
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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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