Interactive Brokers Group, Inc. (NASDAQ:IBKR) is Bronte Capital Management Pty Ltd.'s 4th Largest Position

Bronte Capital Management Pty Ltd. increased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 833,627 shares of the financial services provider's stock after purchasing an additional 23,828 shares during the period. Interactive Brokers Group makes up approximately 10.1% of Bronte Capital Management Pty Ltd.'s portfolio, making the stock its 4th biggest holding. Bronte Capital Management Pty Ltd. owned approximately 0.20% of Interactive Brokers Group worth $116,174,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in IBKR. Tortoise Investment Management LLC lifted its position in shares of Interactive Brokers Group by 76.6% in the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider's stock worth $31,000 after purchasing an additional 111 shares during the period. Fairfield Financial Advisors LTD bought a new position in shares of Interactive Brokers Group in the 2nd quarter worth approximately $32,000. UMB Bank n.a. lifted its stake in shares of Interactive Brokers Group by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 224 shares during the period. DT Investment Partners LLC grew its holdings in Interactive Brokers Group by 60.1% in the third quarter. DT Investment Partners LLC now owns 389 shares of the financial services provider's stock worth $54,000 after purchasing an additional 146 shares during the period. Finally, Mendota Financial Group LLC purchased a new stake in shares of Interactive Brokers Group during the third quarter valued at approximately $81,000. Hedge funds and other institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Trading Down 0.7 %

IBKR traded down $1.23 during trading hours on Tuesday, hitting $178.26. The company's stock had a trading volume of 379,461 shares, compared to its average volume of 1,004,934. Interactive Brokers Group, Inc. has a 12 month low of $72.60 and a 12 month high of $181.21. The stock has a market cap of $75.06 billion, a price-to-earnings ratio of 27.40, a P/E/G ratio of 1.31 and a beta of 0.79. The business's 50-day moving average price is $143.39 and its 200-day moving average price is $129.45.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. Interactive Brokers Group had a return on equity of 4.82% and a net margin of 7.89%. During the same period in the previous year, the firm earned $1.55 earnings per share. On average, analysts forecast that Interactive Brokers Group, Inc. will post 6.9 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Friday, November 29th. Interactive Brokers Group's dividend payout ratio (DPR) is 15.27%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IBKR. Barclays decreased their price objective on shares of Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating for the company in a report on Wednesday, October 16th. Piper Sandler restated an "overweight" rating and issued a $163.00 price target on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Jefferies Financial Group boosted their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, October 4th. Finally, UBS Group upped their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $143.00.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.