SG Americas Securities LLC decreased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating) by 98.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,676 shares of the financial services provider’s stock after selling 142,287 shares during the period. SG Americas Securities LLC’s holdings in Interactive Brokers Group were worth $107,000 as of its most recent filing with the Securities and Exchange Commission.

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Several other hedge funds also recently modified their holdings of the company. CWM LLC increased its holdings in shares of Interactive Brokers Group by 20.5% during the third quarter. CWM LLC now owns 787 shares of the financial services provider’s stock worth $50,000 after buying an additional 134 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Interactive Brokers Group by 40.2% during the third quarter. Fifth Third Bancorp now owns 509 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 146 shares during the last quarter. FDx Advisors Inc. grew its stake in shares of Interactive Brokers Group by 0.9% during the second quarter. FDx Advisors Inc. now owns 19,135 shares of the financial services provider’s stock valued at $1,053,000 after purchasing an additional 177 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Interactive Brokers Group by 1.3% during the third quarter. Exchange Traded Concepts LLC now owns 17,125 shares of the financial services provider’s stock valued at $1,094,000 after purchasing an additional 227 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its stake in shares of Interactive Brokers Group by 0.7% during the third quarter. Handelsbanken Fonder AB now owns 43,849 shares of the financial services provider’s stock valued at $2,802,000 after purchasing an additional 308 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $85.95 on Wednesday. Interactive Brokers Group, Inc. has a 52-week low of $52.18 and a 52-week high of $86.43. The stock has a market cap of $36.05 billion, a PE ratio of 22.98, a PEG ratio of 0.60 and a beta of 0.78. The firm’s 50 day moving average price is $76.05 and its two-hundred day moving average price is $71.34.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 14th. Shareholders of record on Wednesday, March 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, February 28th. This represents a $0.40 annualized dividend and a yield of 0.47%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 10.70%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on IBKR shares. Citigroup started coverage on shares of Interactive Brokers Group in a research note on Tuesday, October 11th. They set a “buy” rating and a $85.00 price target on the stock. StockNews.com started coverage on shares of Interactive Brokers Group in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Barclays increased their price target on shares of Interactive Brokers Group from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, January 18th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $94.60.

Insiders Place Their Bets

In other Interactive Brokers Group news, Chairman Thomas Peterffy sold 20,000 shares of the stock in a transaction on Friday, January 27th. The shares were sold at an average price of $77.76, for a total value of $1,555,200.00. Following the sale, the chairman now directly owns 1,630,605 shares in the company, valued at $126,795,844.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Interactive Brokers Group news, insider Thomas Aj Frank sold 19,600 shares of the stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $76.79, for a total value of $1,505,084.00. Following the sale, the insider now directly owns 53,247 shares in the company, valued at $4,088,837.13. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Thomas Peterffy sold 20,000 shares of the stock in a transaction on Friday, January 27th. The stock was sold at an average price of $77.76, for a total transaction of $1,555,200.00. Following the completion of the sale, the chairman now owns 1,630,605 shares in the company, valued at $126,795,844.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 291,900 shares of company stock worth $22,626,003. Company insiders own 5.72% of the company’s stock.

Interactive Brokers Group Profile

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Interactive Brokers Group, Inc operates as an investment holding company, which engages in broker or dealer and proprietary trading businesses. It operates through the following segments: Electronic Brokerage and Corporate. The Electronic Brokerage segment is a direct market access broker, which serves the customers of both traditional brokers and prime brokers.

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