Interactive Brokers Group, Inc. (NASDAQ:IBKR) Holdings Cut by Entropy Technologies LP

Entropy Technologies LP cut its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 43.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,837 shares of the financial services provider’s stock after selling 8,470 shares during the quarter. Entropy Technologies LP’s holdings in Interactive Brokers Group were worth $1,510,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Tortoise Investment Management LLC increased its position in Interactive Brokers Group by 76.6% in the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after buying an additional 111 shares during the period. Fairfield Financial Advisors LTD acquired a new position in Interactive Brokers Group during the 2nd quarter worth $32,000. UMB Bank n.a. grew its stake in shares of Interactive Brokers Group by 350.0% in the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 224 shares in the last quarter. DT Investment Partners LLC raised its stake in shares of Interactive Brokers Group by 60.1% during the third quarter. DT Investment Partners LLC now owns 389 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 146 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in Interactive Brokers Group by 389.9% in the first quarter. Bessemer Group Inc. now owns 632 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 503 shares during the period. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IBKR has been the topic of a number of recent analyst reports. Barclays dropped their price target on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Piper Sandler restated an “overweight” rating and issued a $163.00 target price on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. UBS Group lifted their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Jefferies Financial Group upped 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. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $143.00.

Interactive Brokers Group Stock Up 0.0 %

Shares of Interactive Brokers Group stock opened at $179.55 on Wednesday. Interactive Brokers Group, Inc. has a 12-month low of $72.60 and a 12-month high of $181.21. The firm has a market capitalization of $75.60 billion, a PE ratio of 27.41, a price-to-earnings-growth ratio of 1.31 and a beta of 0.79. The stock’s fifty day moving average is $144.44 and its 200-day moving average is $129.90.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 7.89% and a return on equity of 4.82%. During the same period in the prior year, the company posted $1.55 earnings per share. Analysts expect that Interactive Brokers Group, Inc. will post 6.9 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.25 dividend. 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 is 15.27%.

Interactive Brokers Group 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.