Virginia Retirement Systems ET AL Has $708,000 Holdings in Interactive Brokers Group, Inc. (IBKR)

Virginia Retirement Systems ET AL trimmed its position in shares of Interactive Brokers Group, Inc. (IEX:IBKR) by 31.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,800 shares of the financial services provider’s stock after selling 5,900 shares during the period. Virginia Retirement Systems ET AL’s holdings in Interactive Brokers Group were worth $708,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its stake 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 valued at $24,316,000 after purchasing an additional 19,035 shares during the period. Assenagon Asset Management S.A. boosted its stake in Interactive Brokers Group by 151.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 359,553 shares of the financial services provider’s stock valued at $19,887,000 after purchasing an additional 216,666 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake 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 valued at $18,257,000 after purchasing an additional 104,114 shares during the period. First Trust Advisors LP boosted its stake in Interactive Brokers Group by 223.1% during the 3rd quarter. First Trust Advisors LP now owns 227,094 shares of the financial services provider’s stock valued at $12,561,000 after purchasing an additional 156,817 shares during the period. Finally, Arizona State Retirement System boosted its stake in Interactive Brokers Group by 7.4% during the 3rd 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 during the period. 14.79% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group stock opened at $54.10 on Monday. Interactive Brokers Group, Inc. has a twelve month low of $47.13 and a twelve month high of $80.32.

Interactive Brokers Group (IEX:IBKR) last released its quarterly earnings data on Tuesday, October 16th. The financial services provider reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.01. The company had revenue of $439.00 million during the quarter, compared to analyst estimates of $453.00 million.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.74%.

A number of analysts have recently weighed in on IBKR shares. Zacks Investment Research raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. BidaskClub lowered shares of Interactive Brokers Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 1st. Finally, ValuEngine lowered shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $69.86.

In other news, insider Thomas Aj Frank sold 28,776 shares of the stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $62.11, for a total transaction of $1,787,277.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Milan Galik purchased 2,128 shares of the company’s stock in a transaction dated 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 90 days, insiders have bought 3,121 shares of company stock worth $175,742 and have sold 138,344 shares worth $8,607,183. Corporate insiders own 1.98% of the company’s stock.

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Interactive Brokers Group Company 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.

Further Reading: Return on Equity (ROE)

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

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