Stifel Financial Corp Takes Position in Interactive Brokers Group, Inc. (IBKR)

Stifel Financial Corp acquired a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,868 shares of the financial services provider’s stock, valued at approximately $397,000.

Other hedge funds have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC raised its position in Interactive Brokers Group by 68.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,974,810 shares of the financial services provider’s stock valued at $73,898,000 after purchasing an additional 803,838 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Interactive Brokers Group by 105.4% during the third quarter. Victory Capital Management Inc. now owns 915,589 shares of the financial services provider’s stock worth $41,238,000 after acquiring an additional 469,755 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Interactive Brokers Group by 206.6% during the third quarter. Russell Investments Group Ltd. now owns 504,021 shares of the financial services provider’s stock worth $22,701,000 after acquiring an additional 339,648 shares during the last quarter. FMR LLC raised its position in shares of Interactive Brokers Group by 54.1% during the second quarter. FMR LLC now owns 722,777 shares of the financial services provider’s stock worth $27,047,000 after acquiring an additional 253,611 shares during the last quarter. Finally, Baillie Gifford & Co. raised its position in shares of Interactive Brokers Group by 3.8% during the second quarter. Baillie Gifford & Co. now owns 5,941,025 shares of the financial services provider’s stock worth $222,313,000 after acquiring an additional 215,591 shares during the last quarter. Institutional investors and hedge funds own 15.79% of the company’s stock.

A number of equities analysts have recently issued reports on the company. BidaskClub downgraded Interactive Brokers Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 16th. SunTrust Banks raised their price objective on Interactive Brokers Group to $48.00 and gave the stock an “average” rating in a research report on Wednesday, October 18th. Finally, Zacks Investment Research raised Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $41.67.

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) opened at $59.21 on Tuesday. Interactive Brokers Group, Inc. has a one year low of $33.01 and a one year high of $62.33. The company has a market capitalization of $24,377.11, a P/E ratio of 51.04, a price-to-earnings-growth ratio of 4.03 and a beta of 1.02.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Friday, December 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.68%. Interactive Brokers Group’s payout ratio is 34.48%.

In related news, insider Thomas Aj Frank sold 33,105 shares of Interactive Brokers Group stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $47.10, for a total transaction of $1,559,245.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Denis Mendonca sold 1,156 shares of Interactive Brokers Group stock in a transaction on Friday, October 20th. The stock was sold at an average price of $49.50, for a total value of $57,222.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 665,702 shares of company stock worth $33,401,924. 3.41% of the stock is owned by insiders.

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About Interactive Brokers Group

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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