Sumitomo Mitsui Trust Holdings Inc. lowered its stake in Interactive Brokers Group, Inc. (IEX:IBKR) by 4.3% during the first quarter, HoldingsChannel.com reports. The firm owned 917,851 shares of the financial services provider’s stock after selling 41,619 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Interactive Brokers Group were worth $47,618,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Mason Street Advisors LLC increased its position in shares of Interactive Brokers Group by 1.5% in the first quarter. Mason Street Advisors LLC now owns 39,927 shares of the financial services provider’s stock worth $2,071,000 after purchasing an additional 598 shares during the period. Quinn Opportunity Partners LLC boosted its stake in Interactive Brokers Group by 1.1% in the first quarter. Quinn Opportunity Partners LLC now owns 101,973 shares of the financial services provider’s stock valued at $5,290,000 after buying an additional 1,100 shares in the last quarter. Raymond James & Associates boosted its stake in Interactive Brokers Group by 1,653.8% in the first quarter. Raymond James & Associates now owns 68,293 shares of the financial services provider’s stock valued at $3,543,000 after buying an additional 64,399 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Interactive Brokers Group by 9.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 70,798 shares of the financial services provider’s stock valued at $3,673,000 after buying an additional 5,914 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in Interactive Brokers Group in the first quarter valued at about $998,000. Institutional investors own 14.79% of the company’s stock.
Separately, Zacks Investment Research lowered Interactive Brokers Group from a “hold” rating to a “sell” rating in a research note on Monday, January 28th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $64.40.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.10 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.75%.
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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.
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