Interactive Brokers Group, Inc. $IBKR Shares Sold by Brooktree Capital Management

Brooktree Capital Management trimmed its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 16.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 416,866 shares of the financial services provider’s stock after selling 84,973 shares during the period. Interactive Brokers Group accounts for approximately 18.2% of Brooktree Capital Management’s investment portfolio, making the stock its biggest position. Brooktree Capital Management’s holdings in Interactive Brokers Group were worth $28,685,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. National Pension Service increased its position in shares of Interactive Brokers Group by 2.2% during the third quarter. National Pension Service now owns 707,634 shares of the financial services provider’s stock worth $48,692,000 after acquiring an additional 15,339 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Interactive Brokers Group by 36.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 26,875 shares of the financial services provider’s stock valued at $1,777,000 after acquiring an additional 7,234 shares in the last quarter. State of Michigan Retirement System boosted its stake in Interactive Brokers Group by 15.0% during the 3rd quarter. State of Michigan Retirement System now owns 120,400 shares of the financial services provider’s stock valued at $8,285,000 after purchasing an additional 15,684 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Interactive Brokers Group by 1,221.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 73,728 shares of the financial services provider’s stock worth $5,073,000 after purchasing an additional 68,148 shares in the last quarter. Finally, Convergence Investment Partners LLC purchased a new stake in shares of Interactive Brokers Group in the third quarter worth approximately $2,468,000. Institutional investors own 23.80% of the company’s stock.

Insider Activity at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 145,000 shares of Interactive Brokers Group stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $77.85, for a total value of $11,288,250.00. Following the completion of the sale, the insider owned 155,000 shares of the company’s stock, valued at approximately $12,066,750. This trade represents a 48.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 400,000 shares of company stock worth $30,725,122. 2.97% of the stock is owned by corporate insiders.

Interactive Brokers Group Stock Up 2.3%

IBKR opened at $74.75 on Monday. The stock has a market cap of $126.79 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 2.09 and a beta of 1.24. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $79.18. The company’s 50-day moving average price is $70.31 and its two-hundred day moving average price is $67.40.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.15. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the business posted $0.51 EPS. Interactive Brokers Group’s quarterly revenue was up 18.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $0.08 dividend. The ex-dividend date is Friday, February 27th. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. Interactive Brokers Group’s payout ratio is presently 14.48%.

Analyst Ratings Changes

IBKR has been the topic of several analyst reports. CICC Research assumed coverage on Interactive Brokers Group in a research report on Monday, October 27th. They set an “outperform” rating and a $78.00 target price on the stock. BMO Capital Markets lifted their price objective on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. Finally, Barclays set a $83.00 price target on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Interactive Brokers Group presently has an average rating of “Buy” and an average target price of $76.39.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.