Interactive Brokers Group, Inc. (NASDAQ:IBKR) is Brooktree Capital Management’s Largest Position

Brooktree Capital Management trimmed its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 137,612 shares of the financial services provider’s stock after selling 1,397 shares during the quarter. Interactive Brokers Group comprises approximately 15.6% of Brooktree Capital Management’s holdings, making the stock its largest holding. Brooktree Capital Management’s holdings in Interactive Brokers Group were worth $19,178,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. acquired a new stake in Interactive Brokers Group during the first quarter worth about $327,000. QRG Capital Management Inc. increased its holdings in shares of Interactive Brokers Group by 12.5% during the 1st quarter. QRG Capital Management Inc. now owns 4,728 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 525 shares in the last quarter. Avantax Advisory Services Inc. acquired a new position in shares of Interactive Brokers Group in the 1st quarter valued at $236,000. Koshinski Asset Management Inc. purchased a new stake in Interactive Brokers Group during the first quarter worth $370,000. Finally, State Board of Administration of Florida Retirement System grew its position in Interactive Brokers Group by 1.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 96,395 shares of the financial services provider’s stock valued at $10,768,000 after buying an additional 1,164 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $179.00 on Thursday. The stock has a market capitalization of $75.37 billion, a P/E ratio of 27.27, a PEG ratio of 1.41 and a beta of 0.79. The business has a 50 day simple moving average of $145.50 and a two-hundred day simple moving average of $130.24. Interactive Brokers Group, Inc. has a 12 month low of $72.60 and a 12 month high of $181.21.

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

Interactive Brokers Group Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have weighed in on IBKR shares. Barclays decreased 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 research report on Wednesday, October 16th. UBS Group upped their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Jefferies Financial Group raised their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $163.00 target price on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average target price of $143.00.

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.