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

Brooktree Capital Management trimmed its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 133,026 shares of the financial services provider’s stock after selling 4,586 shares during the quarter. Interactive Brokers Group makes up about 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 and other institutional investors have also recently modified their holdings of the business. Kennondale Capital Management LLC purchased a new stake in shares of Interactive Brokers Group in the fourth quarter worth approximately $1,258,000. Cozad Asset Management Inc. increased its holdings in Interactive Brokers Group by 1.8% during the 4th quarter. Cozad Asset Management Inc. now owns 49,287 shares of the financial services provider’s stock worth $8,708,000 after purchasing an additional 868 shares during the period. Twin Tree Management LP increased its holdings in Interactive Brokers Group by 492.8% during the 4th quarter. Twin Tree Management LP now owns 227,144 shares of the financial services provider’s stock worth $40,130,000 after purchasing an additional 188,827 shares during the period. Corient Private Wealth LLC increased its holdings in Interactive Brokers Group by 14.8% during the 4th quarter. Corient Private Wealth LLC now owns 8,800 shares of the financial services provider’s stock worth $1,555,000 after purchasing an additional 1,132 shares during the period. Finally, Natixis Advisors LLC increased its holdings in Interactive Brokers Group by 12.6% during the 4th quarter. Natixis Advisors LLC now owns 21,203 shares of the financial services provider’s stock worth $3,746,000 after purchasing an additional 2,369 shares during the period. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Interactive Brokers Group

In other news, Director Jill Bright purchased 135 shares of the stock in a transaction on Friday, January 31st. The stock was bought at an average price of $219.51 per share, with a total value of $29,633.85. Following the transaction, the director now owns 2,476 shares in the company, valued at $543,506.76. The trade was a 5.77 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.99% of the company’s stock.

Interactive Brokers Group Trading Up 3.7 %

Shares of NASDAQ:IBKR opened at $174.40 on Tuesday. The company has a market capitalization of $73.70 billion, a PE ratio of 24.70, a P/E/G ratio of 1.59 and a beta of 0.99. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53. The business’s fifty day simple moving average is $204.36 and its 200-day simple moving average is $175.76.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.52 EPS. Research analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.57%. Interactive Brokers Group’s payout ratio is 14.16%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. UBS Group raised their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th. StockNews.com downgraded Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Monday. Keefe, Bruyette & Woods raised their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Monday, January 13th. Citigroup raised their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Piper Sandler restated an “overweight” rating and set a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group 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 company’s stock. Based on data from MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus target price of $204.13.

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.