Entropy Technologies LP Sells 8,470 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Entropy Technologies LP trimmed its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 43.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 10,837 shares of the financial services provider's stock after selling 8,470 shares during the period. Entropy Technologies LP's holdings in Interactive Brokers Group were worth $1,510,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Greenwich Wealth Management LLC boosted its holdings in Interactive Brokers Group by 0.3% during the second quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider's stock valued at $365,271,000 after purchasing an additional 8,038 shares in the last quarter. Bares Capital Management Inc. boosted its stake in Interactive Brokers Group by 10.4% in the 1st quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider's stock valued at $313,920,000 after buying an additional 264,543 shares in the last quarter. Marshall Wace LLP grew its position in Interactive Brokers Group by 23.8% in the second quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider's stock valued at $307,365,000 after acquiring an additional 481,826 shares during the period. Millennium Management LLC raised its stake in Interactive Brokers Group by 1,292.1% during the second quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider's stock worth $132,655,000 after acquiring an additional 1,004,289 shares in the last quarter. Finally, Bamco Inc. NY lifted its holdings in shares of Interactive Brokers Group by 3.7% during the first quarter. Bamco Inc. NY now owns 764,968 shares of the financial services provider's stock valued at $85,455,000 after acquiring an additional 27,434 shares during the period. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Performance

IBKR traded down $0.54 during mid-day trading on Wednesday, reaching $179.01. The stock had a trading volume of 409,595 shares, compared to its average volume of 1,005,451. The firm's fifty day simple moving average is $144.44 and its two-hundred day simple moving average is $129.90. The stock has a market capitalization of $75.38 billion, a P/E ratio of 27.35, a P/E/G ratio of 1.41 and a beta of 0.79. Interactive Brokers Group, Inc. has a 52 week low of $72.60 and a 52 week high of $181.21.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts' consensus estimates of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the firm earned $1.55 earnings per share. As a group, analysts expect that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on IBKR shares. UBS Group upped their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Barclays dropped 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 reissued an "overweight" rating and issued a $163.00 target price on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Finally, Jefferies Financial Group increased their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $143.00.

Interactive Brokers Group 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.