Interactive Brokers Group, Inc. (NASDAQ:IBKR) Holdings Lowered by Brooktree Capital Management

Brooktree Capital Management lessened its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 133,026 shares of the financial services provider's stock after selling 4,586 shares during the period. Interactive Brokers Group makes up 17.4% of Brooktree Capital Management's portfolio, making the stock its 2nd biggest position. Brooktree Capital Management's holdings in Interactive Brokers Group were worth $23,502,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in shares of Interactive Brokers Group by 0.3% during the third quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider's stock valued at $559,821,000 after purchasing an additional 11,379 shares during the last quarter. Cantillon Capital Management LLC boosted its stake in Interactive Brokers Group by 0.5% in the fourth quarter. Cantillon Capital Management LLC now owns 3,395,690 shares of the financial services provider's stock valued at $599,917,000 after acquiring an additional 18,047 shares during the last quarter. State Street Corp boosted its stake in Interactive Brokers Group by 1.7% in the third quarter. State Street Corp now owns 3,222,135 shares of the financial services provider's stock valued at $449,037,000 after acquiring an additional 52,911 shares during the last quarter. Geode Capital Management LLC boosted its stake in Interactive Brokers Group by 5.4% in the third quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider's stock valued at $287,921,000 after acquiring an additional 106,392 shares during the last quarter. Finally, FMR LLC boosted its stake in Interactive Brokers Group by 12.2% in the third quarter. FMR LLC now owns 1,094,598 shares of the financial services provider's stock valued at $152,543,000 after acquiring an additional 119,187 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

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Insiders Place Their Bets

In related news, Director Jill Bright purchased 135 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, January 31st. The stock was bought at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the transaction, the director now owns 2,476 shares in the company, valued at $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.99% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on IBKR shares. The Goldman Sachs Group increased their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. Citigroup increased their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Piper Sandler reiterated an "overweight" rating and issued a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. UBS Group increased their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Finally, Barclays raised their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Interactive Brokers Group currently has an average rating of "Moderate Buy" and an average target price of $204.13.

Interactive Brokers Group Trading Down 1.4 %

IBKR traded down $2.50 during trading on Friday, reaching $173.36. 3,574,320 shares of the company's stock were exchanged, compared to its average volume of 1,173,244. Interactive Brokers Group, Inc. has a one year low of $103.69 and a one year high of $236.53. The stock has a market capitalization of $73.26 billion, a PE ratio of 24.56, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. The firm has a fifty day moving average price of $203.19 and a two-hundred day moving average price of $176.39.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating analysts' consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the firm posted $1.52 EPS. The company's quarterly revenue was up 21.8% on a year-over-year basis. Sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.58%. Interactive Brokers Group's payout ratio is 14.16%.

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.