Tpg Group Holdings Sbs Advisors Has Cut Interactive Brokers Group In (IBKR) Holding by $37.94 Million as Market Valuation Rose; Franklin Res (BEN) Holder Highfields Capital Management LP Has Lowered Its Position

May 23, 2018 - By Louis Casey

Interactive Brokers Group, Inc. (NASDAQ:IBKR) Logo

Jonathon Jacobson decreased its stake in Franklin Res Inc (BEN) by 37.14% based on its latest 2017Q4 regulatory filing with the SEC. Highfields Capital Management Lp sold 4.16 million shares as the company’s stock declined 14.35% with the market. The hedge fund run by Jonathon Jacobson held 7.03 million shares of the finance company at the end of 2017Q4, valued at $304.82M, down from 11.19 million at the end of the previous reported quarter. Highfields Capital Management Lp who had been investing in Franklin Res Inc for a number of months, seems to be less bullish one the $18.35 billion market cap company. The stock decreased 1.45% or $0.5 during the last trading session, reaching $33.97. About 236,904 shares traded. Franklin Resources, Inc. (NYSE:BEN) has declined 8.47% since May 23, 2017 and is downtrending. It has underperformed by 20.02% the S&P500.

Tpg Group Holdings Sbs Advisors Inc decreased its stake in Interactive Brokers Group In (IBKR) by 29.5% based on its latest 2017Q4 regulatory filing with the SEC. Tpg Group Holdings Sbs Advisors Inc sold 643,126 shares as the company’s stock rose 10.58% while stock markets declined. The institutional investor held 1.54 million shares of the finance company at the end of 2017Q4, valued at $91.02M, down from 2.18 million at the end of the previous reported quarter. Tpg Group Holdings Sbs Advisors Inc who had been investing in Interactive Brokers Group In for a number of months, seems to be less bullish one the $31.90 billion market cap company. The stock decreased 1.60% or $1.26 during the last trading session, reaching $77.47. About 67,700 shares traded. Interactive Brokers Group, Inc. (NASDAQ:IBKR) has risen 93.22% since May 23, 2017 and is uptrending. It has outperformed by 81.67% the S&P500.

Among 8 analysts covering Interactive Brokers Group (NASDAQ:IBKR), 2 have Buy rating, 2 Sell and 4 Hold. Therefore 25% are positive. Interactive Brokers Group had 30 analyst reports since September 1, 2015 according to SRatingsIntel. The company was initiated on Wednesday, March 23 by SunTrust. The firm has “Sell” rating by Goldman Sachs given on Monday, January 8. As per Thursday, September 21, the company rating was maintained by Keefe Bruyette & Woods. On Tuesday, September 1 the stock rating was downgraded by Zacks to “Strong-Buy”. Wood downgraded Interactive Brokers Group, Inc. (NASDAQ:IBKR) on Wednesday, April 19 to “Market Perform” rating. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, January 10. The firm has “Hold” rating given on Thursday, March 1 by SunTrust. Keefe Bruyette & Woods maintained Interactive Brokers Group, Inc. (NASDAQ:IBKR) rating on Monday, February 26. Keefe Bruyette & Woods has “Hold” rating and $67.0 target. Sandler O’Neill maintained Interactive Brokers Group, Inc. (NASDAQ:IBKR) rating on Friday, February 2. Sandler O’Neill has “Buy” rating and $75.0 target. The firm earned “Hold” rating on Tuesday, October 17 by Keefe Bruyette & Woods.

Since January 22, 2018, it had 0 insider buys, and 1 insider sale for $2.01 million activity.

Analysts await Interactive Brokers Group, Inc. (NASDAQ:IBKR) to report earnings on July, 17. They expect $0.54 earnings per share, up 68.75% or $0.22 from last year’s $0.32 per share. IBKR’s profit will be $222.32M for 35.87 P/E if the $0.54 EPS becomes a reality. After $0.63 actual earnings per share reported by Interactive Brokers Group, Inc. for the previous quarter, Wall Street now forecasts -14.29% negative EPS growth.

Investors sentiment decreased to 1.39 in 2017 Q4. Its down 0.33, from 1.72 in 2017Q3. It is negative, as 19 investors sold IBKR shares while 61 reduced holdings. 54 funds opened positions while 57 raised stakes. 61.80 million shares or 0.28% more from 61.63 million shares in 2017Q3 were reported. Raymond James Finance Serv Advisors holds 68,721 shares or 0.03% of its portfolio. Royal National Bank & Trust Of Canada owns 0% invested in Interactive Brokers Group, Inc. (NASDAQ:IBKR) for 7,097 shares. Delta Asset Mngmt Limited Liability Tn owns 500 shares. Brown Brothers Harriman Com holds 0.01% in Interactive Brokers Group, Inc. (NASDAQ:IBKR) or 29,091 shares. New York-based Fny Managed Accounts Ltd Llc has invested 0.02% in Interactive Brokers Group, Inc. (NASDAQ:IBKR). Thrivent For Lutherans has 2.30 million shares for 0.46% of their portfolio. Ameritas Invest Partners invested 0.06% of its portfolio in Interactive Brokers Group, Inc. (NASDAQ:IBKR). Ing Groep Nv has invested 0.01% of its portfolio in Interactive Brokers Group, Inc. (NASDAQ:IBKR). Lpl Fincl Lc invested 0% in Interactive Brokers Group, Inc. (NASDAQ:IBKR). Kistler stated it has 1,000 shares or 0.02% of all its holdings. The New York-based X Mgmt Limited Liability Co has invested 0% in Interactive Brokers Group, Inc. (NASDAQ:IBKR). Rhumbline Advisers, a Massachusetts-based fund reported 172,398 shares. Grantham Mayo Van Otterloo & Comm Ltd Company stated it has 1.34M shares or 0.47% of all its holdings. Northern Corporation invested in 628,869 shares. Gabelli Funds Lc stated it has 0.07% of its portfolio in Interactive Brokers Group, Inc. (NASDAQ:IBKR).

Tpg Group Holdings Sbs Advisors Inc, which manages about $6.52B US Long portfolio, upped its stake in Cognizant Technology Solutio (NASDAQ:CTSH) by 501,254 shares to 1.61 million shares, valued at $114.38 million in 2017Q4, according to the filing. It also increased its holding in Symantec Corp. (NASDAQ:SYMC) by 735,755 shares in the quarter, for a total of 2.82 million shares, and has risen its stake in Koninklijke Philips N V (NYSE:PHG).

More important recent Interactive Brokers Group, Inc. (NASDAQ:IBKR) news were published by: Streetinsider.com which released: “Interactive Brokers (IBKR) April DARTs Increase 26%” on May 01, 2018, also Streetinsider.com published article titled: “Interactive Brokers Group (IBKR) PT Maintained at $75 at SunTrust Robinson Humphrey on April DARTs Increase …”, Globenewswire.com published: “Report: Developing Opportunities within Cboe Global Markets, Colgate-Palmolive, Conduent, Danaher, Jacobs …” on May 08, 2018. More interesting news about Interactive Brokers Group, Inc. (NASDAQ:IBKR) was released by: Benzinga.com and their article: “Online Trading In 2018: Brokerage Execs Talk Mobile Apps, Cryptocurrency And Regulation” with publication date: May 17, 2018.

More news for Franklin Resources, Inc. (NYSE:BEN) were recently published by: Globenewswire.com, which released: “Franklin Resources, Inc. Announces Second Quarter Results” on April 26, 2018. Globenewswire.com‘s article titled: “Franklin Resources, Inc. Announces Month-End Assets Under Management” and published on May 08, 2018 is yet another important article.

Investors sentiment increased to 0.85 in Q4 2017. Its up 0.01, from 0.84 in 2017Q3. It increased, as 34 investors sold BEN shares while 195 reduced holdings. 61 funds opened positions while 133 raised stakes. 247.49 million shares or 3.08% more from 240.11 million shares in 2017Q3 were reported. Fmr Ltd Company owns 4.85M shares for 0.02% of their portfolio. Cambridge Inv Advsr reported 0.01% of its portfolio in Franklin Resources, Inc. (NYSE:BEN). Novare Cap Mgmt Ltd owns 0.65% invested in Franklin Resources, Inc. (NYSE:BEN) for 88,351 shares. Peoples Finance Svcs holds 141 shares. Country Tru National Bank & Trust holds 0% in Franklin Resources, Inc. (NYSE:BEN) or 4 shares. Creative Planning reported 0% in Franklin Resources, Inc. (NYSE:BEN). Grassi Invest holds 0.08% or 10,800 shares. Moreover, Ellington Mngmt Grp Inc Limited Liability Corporation has 0.05% invested in Franklin Resources, Inc. (NYSE:BEN) for 7,300 shares. 9,148 were accumulated by Horizon Kinetics Limited Co. 423 were reported by Kelly Lawrence W Assocs Ca. Victory Cap Mngmt, Ohio-based fund reported 60,362 shares. New Mexico Educational Retirement Board invested 0.05% of its portfolio in Franklin Resources, Inc. (NYSE:BEN). 177,730 were accumulated by British Columbia Mgmt Corporation. Umb Fincl Bank N A Mo invested in 5,599 shares. State Street holds 18.59M shares.

Analysts await Franklin Resources, Inc. (NYSE:BEN) to report earnings on July, 27. They expect $0.76 earnings per share, up 4.11% or $0.03 from last year’s $0.73 per share. BEN’s profit will be $410.56 million for 11.17 P/E if the $0.76 EPS becomes a reality. After $0.78 actual earnings per share reported by Franklin Resources, Inc. for the previous quarter, Wall Street now forecasts -2.56% negative EPS growth.

Among 16 analysts covering Franklin Resources Inc. (NYSE:BEN), 0 have Buy rating, 4 Sell and 12 Hold. Therefore 0 are positive. Franklin Resources Inc. had 96 analyst reports since July 31, 2015 according to SRatingsIntel. As per Monday, October 5, the company rating was maintained by JP Morgan. The stock of Franklin Resources, Inc. (NYSE:BEN) earned “Neutral” rating by Citigroup on Thursday, June 9. The company was upgraded on Thursday, March 16 by Bank of America. The stock of Franklin Resources, Inc. (NYSE:BEN) earned “Neutral” rating by Bank of America on Wednesday, November 9. The stock of Franklin Resources, Inc. (NYSE:BEN) has “Hold” rating given on Thursday, August 17 by Jefferies. Barclays Capital maintained Franklin Resources, Inc. (NYSE:BEN) rating on Wednesday, March 9. Barclays Capital has “Underweight” rating and $32 target. The firm earned “Hold” rating on Friday, September 9 by Deutsche Bank. Credit Suisse maintained it with “Sell” rating and $3400 target in Thursday, April 5 report. The stock of Franklin Resources, Inc. (NYSE:BEN) earned “Neutral” rating by Susquehanna on Thursday, September 3. As per Friday, October 9, the company rating was downgraded by Deutsche Bank.

Franklin Resources, Inc. (NYSE:BEN) Institutional Positions Chart

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