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

Brooktree Capital Management lowered its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 137,612 shares of the financial services provider’s stock after selling 1,397 shares during the quarter. Interactive Brokers Group accounts for 15.6% of Brooktree Capital Management’s portfolio, making the stock its biggest position. Brooktree Capital Management’s holdings in Interactive Brokers Group were worth $19,178,000 as of its most recent filing with the SEC.

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 stake in shares of Interactive Brokers Group during the 2nd quarter valued at $32,000. UMB Bank n.a. boosted its holdings in shares of Interactive Brokers Group by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after buying an additional 224 shares in the last quarter. DT Investment Partners LLC grew its position in shares of Interactive Brokers Group by 60.1% in the 3rd quarter. DT Investment Partners LLC now owns 389 shares of the financial services provider’s stock worth $54,000 after buying an additional 146 shares during the period. Finally, Huntington National Bank increased its stake in shares of Interactive Brokers Group by 445.5% in the 3rd quarter. Huntington National Bank now owns 420 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 343 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

IBKR has been the topic of several analyst reports. Jefferies Financial Group upped their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th. UBS Group lifted their target price 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. Barclays dropped their price target on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Finally, Piper Sandler reiterated an “overweight” rating and set a $163.00 price objective on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.00.

Interactive Brokers Group Trading Up 0.2 %

Shares of NASDAQ IBKR opened at $179.00 on Thursday. The firm’s 50-day moving average price is $145.50 and its 200-day moving average price is $130.24. 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 capitalization of $75.37 billion, a price-to-earnings ratio of 27.27, a P/E/G ratio of 1.41 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) 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 in the prior year, the business posted $1.55 earnings per share. On average, equities analysts predict that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently announced 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%.

About Interactive Brokers Group

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.