Engineers Gate Manager LP Invests $1.28 Million in Interactive Brokers Group, Inc. (IBKR) Stock

Engineers Gate Manager LP purchased a new position in Interactive Brokers Group, Inc. (IEX:IBKR) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 23,187 shares of the financial services provider’s stock, valued at approximately $1,282,000.

A number of other institutional investors have also modified their holdings of IBKR. First Trust Advisors LP raised its position in Interactive Brokers Group by 223.1% in the third quarter. First Trust Advisors LP now owns 227,094 shares of the financial services provider’s stock worth $12,561,000 after acquiring an additional 156,817 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Interactive Brokers Group by 53.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 298,127 shares of the financial services provider’s stock worth $18,257,000 after buying an additional 104,114 shares during the period. Russell Investments Group Ltd. raised its holdings in Interactive Brokers Group by 4.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 439,325 shares of the financial services provider’s stock worth $24,316,000 after buying an additional 19,035 shares during the period. State Treasurer State of Michigan raised its holdings in Interactive Brokers Group by 5.7% during the 3rd quarter. State Treasurer State of Michigan now owns 27,800 shares of the financial services provider’s stock worth $1,538,000 after buying an additional 1,500 shares during the period. Finally, CWM LLC raised its holdings in Interactive Brokers Group by 42.4% during the 3rd quarter. CWM LLC now owns 44,220 shares of the financial services provider’s stock worth $2,446,000 after buying an additional 13,156 shares during the period. Hedge funds and other institutional investors own 14.79% of the company’s stock.

Shares of Interactive Brokers Group stock opened at $55.37 on Friday. Interactive Brokers Group, Inc. has a 12-month low of $47.13 and a 12-month high of $80.32.

Interactive Brokers Group (IEX:IBKR) last announced its earnings results on Tuesday, October 16th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $439.00 million for the quarter, compared to the consensus estimate of $453.00 million.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a $0.10 dividend. The ex-dividend date is Thursday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.72%.

Several analysts have issued reports on the company. Zacks Investment Research downgraded Interactive Brokers Group from a “buy” rating to a “hold” rating in a report on Saturday, July 14th. BidaskClub upgraded Interactive Brokers Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 18th. SunTrust Banks cut their price objective on Interactive Brokers Group to $71.00 and set a “$65.34” rating on the stock in a report on Wednesday, July 18th. Finally, ValuEngine downgraded Interactive Brokers Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $69.86.

In other Interactive Brokers Group news, President Milan Galik acquired 415 shares of Interactive Brokers Group stock in a transaction dated Saturday, December 15th. The stock was bought at an average cost of $60.40 per share, with a total value of $25,066.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas Aj Frank sold 54,972 shares of the company’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $62.17, for a total value of $3,417,609.24. The disclosure for this sale can be found here. Over the last three months, insiders bought 3,121 shares of company stock valued at $175,742 and sold 169,295 shares valued at $10,527,693. 1.98% of the stock is currently owned by corporate insiders.

WARNING: “Engineers Gate Manager LP Invests $1.28 Million in Interactive Brokers Group, Inc. (IBKR) Stock” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.americanbankingnews.com/2018/11/10/engineers-gate-manager-lp-invests-1-28-million-in-interactive-brokers-group-inc-ibkr-stock.html.

About Interactive Brokers Group

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.

Featured Article: Why investors pay attention to retained earnings

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

Receive News & Ratings for Interactive Brokers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interactive Brokers Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply