US Bancorp DE Sells 2,889 Shares of Interactive Brokers Group, Inc. (IBKR)
US Bancorp DE trimmed its holdings in shares of Interactive Brokers Group, Inc. (IEX:IBKR) by 5.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,684 shares of the financial services provider’s stock after selling 2,889 shares during the quarter. US Bancorp DE’s holdings in Interactive Brokers Group were worth $2,637,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. lifted its stake in Interactive Brokers Group by 4.5% during the third quarter. Russell Investments Group Ltd. now owns 439,325 shares of the financial services provider’s stock worth $24,316,000 after purchasing an additional 19,035 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Interactive Brokers Group by 151.6% in the third quarter. Assenagon Asset Management S.A. now owns 359,553 shares of the financial services provider’s stock valued at $19,887,000 after acquiring an additional 216,666 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Interactive Brokers Group by 53.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 298,127 shares of the financial services provider’s stock valued at $18,257,000 after acquiring an additional 104,114 shares during the last quarter. First Trust Advisors LP raised its stake in shares of 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 valued at $12,561,000 after acquiring an additional 156,817 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Interactive Brokers Group by 7.4% in the third quarter. Arizona State Retirement System now owns 53,313 shares of the financial services provider’s stock valued at $2,949,000 after purchasing an additional 3,685 shares in the last quarter. 14.79% of the stock is currently owned by hedge funds and other institutional investors.
In other Interactive Brokers Group news, insider Thomas Aj Frank sold 564 shares of the stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $62.00, for a total transaction of $34,968.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Milan Galik bought 2,128 shares of the firm’s stock in a transaction on Monday, September 17th. The shares were acquired at an average price of $59.04 per share, for a total transaction of $125,637.12. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 3,121 shares of company stock worth $175,742. 1.98% of the stock is owned by company insiders.
Interactive Brokers Group (IEX:IBKR) last issued its quarterly earnings results on Tuesday, October 16th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. The business had revenue of $439.00 million for the quarter, compared to the consensus estimate of $453.00 million.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.75%.
A number of research firms have commented on IBKR. Zacks Investment Research raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Goldman Sachs Group began coverage on shares of Interactive Brokers Group in a report on Friday, November 30th. They set a “neutral” rating and a $58.00 target price for the company. Finally, ValuEngine cut shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $69.00.
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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.
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