Xact Kapitalforvaltning AB lifted its holdings in shares of Interactive Brokers Group, Inc. (IEX:IBKR) by 58.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,510 shares of the financial services provider’s stock after acquiring an additional 3,493 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Interactive Brokers Group were worth $522,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. FinTrust Capital Advisors LLC boosted its holdings in shares of Interactive Brokers Group by 30,000.0% in the first quarter. FinTrust Capital Advisors LLC now owns 602 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 600 shares during the period. Avestar Capital LLC bought a new position in shares of Interactive Brokers Group in the first quarter worth $51,000. Advisor Group Inc. boosted its holdings in shares of Interactive Brokers Group by 15.6% in the fourth quarter. Advisor Group Inc. now owns 2,359 shares of the financial services provider’s stock worth $129,000 after acquiring an additional 319 shares during the period. Yorktown Management & Research Co Inc bought a new position in shares of Interactive Brokers Group in the first quarter worth $202,000. Finally, Raymond James & Associates bought a new position in shares of Interactive Brokers Group in the fourth quarter worth $213,000. 14.79% of the stock is owned by institutional investors.

Several research firms recently issued reports on IBKR. Compass Point set a $52.00 price objective on E*TRADE Financial and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Zacks Investment Research downgraded HANNOVER RUECK/S from a “hold” rating to a “sell” rating in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $53.33.

Shares of IEX:IBKR traded up $0.39 during midday trading on Monday, hitting $51.07. The company had a trading volume of 126,561 shares, compared to its average volume of 776,800. Interactive Brokers Group, Inc. has a 12-month low of $47.13 and a 12-month high of $80.32. The business has a fifty day simple moving average of $52.99.

Interactive Brokers Group (IEX:IBKR) last issued its earnings results on Tuesday, July 16th. The financial services provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.05). The firm had revenue of $413.00 million during the quarter, compared to the consensus estimate of $509.00 million.

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.

Read More: Bear Market – How and Why They Occur

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.