Comerica Bank lowered its holdings in Interactive Brokers Group (NASDAQ:IBKR) by 24.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 55,970 shares of the financial services provider’s stock after selling 17,648 shares during the period. Comerica Bank’s holdings in Interactive Brokers Group were worth $4,067,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of IBKR. Toronto Dominion Bank purchased a new position in Interactive Brokers Group in the fourth quarter valued at about $118,000. FNY Partners Fund LP purchased a new position in Interactive Brokers Group in the fourth quarter valued at about $177,000. LS Investment Advisors LLC boosted its holdings in Interactive Brokers Group by 34.3% in the fourth quarter. LS Investment Advisors LLC now owns 3,300 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 843 shares during the last quarter. Advisor Partners LLC purchased a new position in Interactive Brokers Group in the fourth quarter valued at about $206,000. Finally, Creative Planning purchased a new position in Interactive Brokers Group in the fourth quarter valued at about $206,000. 16.40% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently commented on IBKR. Wells Fargo reissued an “underperform” rating and issued a $60.00 price target (up previously from $52.00) on shares of Interactive Brokers Group in a report on Wednesday, April 18th. Zacks Investment Research downgraded Interactive Brokers Group from a “buy” rating to a “hold” rating in a report on Thursday, April 5th. SunTrust Banks increased their price target on Interactive Brokers Group to $75.00 and gave the company a “hold” rating in a report on Wednesday, April 18th. TheStreet downgraded Interactive Brokers Group from a “b” rating to a “c+” rating in a report on Monday, April 2nd. Finally, Sandler O’Neill reissued a “buy” rating and issued a $82.00 price target on shares of Interactive Brokers Group in a report on Wednesday, April 18th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and three have given a strong buy rating to the stock. Interactive Brokers Group currently has an average rating of “Buy” and a consensus target price of $66.71.
Shares of Interactive Brokers Group opened at $78.05 on Friday, according to MarketBeat Ratings. Interactive Brokers Group has a 52-week low of $78.26 and a 52-week high of $78.76. The company has a market cap of $32.35 billion, a price-to-earnings ratio of 51.01, a PEG ratio of 1.86 and a beta of 0.97.
Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, April 17th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.06. Interactive Brokers Group had a return on equity of 2.04% and a net margin of 4.58%. The firm had revenue of $527.00 million for the quarter, compared to analysts’ expectations of $502.56 million. During the same quarter in the prior year, the firm posted $0.34 earnings per share. Interactive Brokers Group’s revenue for the quarter was up 40.9% compared to the same quarter last year. equities research analysts expect that Interactive Brokers Group will post 2.21 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Friday, June 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.51%. The ex-dividend date is Thursday, May 31st. Interactive Brokers Group’s payout ratio is currently 26.14%.
Interactive Brokers Group Profile
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.
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