Haverford Financial Services Inc. Lowers Holdings in Interactive Brokers Group (IBKR)

Haverford Financial Services Inc. decreased its holdings in shares of Interactive Brokers Group (NASDAQ:IBKR) by 21.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,400 shares of the financial services provider’s stock after selling 2,281 shares during the period. Haverford Financial Services Inc.’s holdings in Interactive Brokers Group were worth $565,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IBKR. Cantillon Capital Management LLC grew its stake in shares of Interactive Brokers Group by 24.6% in the 1st quarter. Cantillon Capital Management LLC now owns 2,541,244 shares of the financial services provider’s stock worth $170,873,000 after acquiring an additional 501,191 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Interactive Brokers Group by 2.8% in the 1st quarter. Thrivent Financial for Lutherans now owns 2,367,972 shares of the financial services provider’s stock worth $159,223,000 after acquiring an additional 64,871 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Interactive Brokers Group by 528.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 918,832 shares of the financial services provider’s stock worth $61,782,000 after acquiring an additional 772,732 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Interactive Brokers Group by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 595,111 shares of the financial services provider’s stock worth $35,236,000 after acquiring an additional 11,348 shares in the last quarter. Finally, Miura Global Management LLC bought a new stake in shares of Interactive Brokers Group in the 4th quarter worth $34,046,000. Hedge funds and other institutional investors own 16.40% of the company’s stock.

Several analysts have recently issued reports on IBKR shares. Sandler O’Neill reiterated a “buy” rating on shares of Interactive Brokers Group in a research note on Friday, February 2nd. BidaskClub upgraded shares of Interactive Brokers Group from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Goldman Sachs reiterated a “sell” rating and issued a $64.00 target price (up previously from $61.00) on shares of Interactive Brokers Group in a research note on Friday, February 23rd. ValuEngine upgraded shares of Interactive Brokers Group from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, SunTrust Banks reiterated a “hold” rating on shares of Interactive Brokers Group in a research note on Friday, March 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and three have given a strong buy rating to the company’s stock. Interactive Brokers Group has an average rating of “Buy” and a consensus target price of $66.71.

Interactive Brokers Group opened at $78.05 on Friday, according to MarketBeat.com. The stock has a market cap of $32.17 billion, a P/E ratio of 43.17, a P/E/G ratio of 1.85 and a beta of 0.97. Interactive Brokers Group has a fifty-two week low of $78.26 and a fifty-two week high of $78.76.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, April 17th. The financial services provider reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.06. The company had revenue of $527.00 million during the quarter, compared to analyst estimates of $502.56 million. Interactive Brokers Group had a net margin of 4.58% and a return on equity of 2.04%. The firm’s revenue for the quarter was up 40.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 earnings per share. equities analysts forecast that Interactive Brokers Group will post 2.21 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Friday, June 1st will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, May 31st. This represents a $0.40 annualized dividend and a yield of 0.51%. Interactive Brokers Group’s payout ratio is currently 26.14%.

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

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