Oakcliff Capital Partners LP boosted its holdings in shares of Interactive Brokers Group, Inc. (IEX:IBKR) by 20.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 343,955 shares of the financial services provider’s stock after buying an additional 58,000 shares during the period. Interactive Brokers Group makes up 15.5% of Oakcliff Capital Partners LP’s holdings, making the stock its largest position. Oakcliff Capital Partners LP’s holdings in Interactive Brokers Group were worth $18,797,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in IBKR. Vanguard Group Inc boosted its stake in shares of Interactive Brokers Group by 4.3% in the third quarter. Vanguard Group Inc now owns 4,062,422 shares of the financial services provider’s stock worth $224,693,000 after buying an additional 168,611 shares during the last quarter. Morgan Stanley boosted its position in Interactive Brokers Group by 146.3% during the third quarter. Morgan Stanley now owns 553,403 shares of the financial services provider’s stock worth $30,611,000 after purchasing an additional 328,731 shares in the last quarter. Rehmann Capital Advisory Group boosted its position in Interactive Brokers Group by 5,430.7% during the third quarter. Rehmann Capital Advisory Group now owns 17,643 shares of the financial services provider’s stock worth $319,000 after purchasing an additional 17,324 shares in the last quarter. CWM LLC boosted its position in Interactive Brokers Group by 25.0% during the fourth quarter. CWM LLC now owns 55,256 shares of the financial services provider’s stock worth $2,435,000 after purchasing an additional 11,036 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Interactive Brokers Group during the fourth quarter worth approximately $1,749,000. 14.79% of the stock is currently owned by institutional investors.
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Shares of Interactive Brokers Group stock opened at $54.42 on Wednesday. Interactive Brokers Group, Inc. has a 12 month low of $47.13 and a 12 month high of $80.32.
Interactive Brokers Group (IEX:IBKR) last posted its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $0.57 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.02). The company had revenue of $492.00 million during the quarter, compared to analysts’ expectations of $512.00 million. During the same period in the previous year, the company posted $0.43 earnings per share. The business’s revenue was down 4.5% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Friday, March 1st will be issued a $0.10 dividend. The ex-dividend date is Thursday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.74%.
A number of brokerages have issued reports on IBKR. Zacks Investment Research downgraded Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Monday, January 28th. Wells Fargo & Co reissued a “sell” rating on shares of Interactive Brokers Group in a report on Wednesday, January 23rd. Finally, Goldman Sachs Group started coverage on Interactive Brokers Group in a report on Friday, November 30th. They set a “neutral” rating and a $58.00 target price for the company. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $67.00.
In related news, President Milan Galik purchased 415 shares of the business’s stock in a transaction that occurred on Saturday, December 15th. The stock was purchased at an average price of $60.40 per share, with a total value of $25,066.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.98% of the stock is currently owned by company insiders.
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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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