Quinn Opportunity Partners LLC lifted its position in shares of Interactive Brokers Group, Inc. (IEX:IBKR) by 1.1% in the first quarter, Holdings Channel reports. The institutional investor owned 101,973 shares of the financial services provider’s stock after purchasing an additional 1,100 shares during the period. Interactive Brokers Group makes up approximately 0.7% of Quinn Opportunity Partners LLC’s holdings, making the stock its 23rd biggest holding. Quinn Opportunity Partners LLC’s holdings in Interactive Brokers Group were worth $5,290,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. JOYN Advisors Inc. boosted its position in Interactive Brokers Group by 86.7% during the 4th quarter. JOYN Advisors Inc. now owns 618 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 287 shares during the period. Ipswich Investment Management Co. Inc. purchased a new stake in Interactive Brokers Group during the 4th quarter worth $64,000. Quantamental Technologies LLC purchased a new stake in Interactive Brokers Group during the 4th quarter worth $100,000. ETF Managers Group LLC boosted its position in Interactive Brokers Group by 18.9% during the 4th quarter. ETF Managers Group LLC now owns 1,975 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 314 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in Interactive Brokers Group by 33.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 14.79% of the company’s stock.
A number of equities analysts have weighed in on IBKR shares. Wells Fargo & Co reissued a “sell” rating on shares of Interactive Brokers Group in a research report on Wednesday, January 23rd. Zacks Investment Research cut shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Monday, January 28th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $64.40.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.10 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.72%.
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Interactive Brokers Group 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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