Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Brooktree Capital Management

Brooktree Capital Management lowered its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 133,026 shares of the financial services provider’s stock after selling 4,586 shares during the quarter. Interactive Brokers Group comprises about 17.4% of Brooktree Capital Management’s portfolio, making the stock its 2nd largest holding. Brooktree Capital Management’s holdings in Interactive Brokers Group were worth $23,502,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kennondale Capital Management LLC purchased a new position in shares of Interactive Brokers Group during the 4th quarter valued at about $1,258,000. Cozad Asset Management Inc. raised its stake in shares of 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 valued at $8,708,000 after buying an additional 868 shares during the last quarter. Twin Tree Management LP raised its stake in shares of 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 valued at $40,130,000 after buying an additional 188,827 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of 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 valued at $1,555,000 after buying an additional 1,132 shares during the last quarter. Finally, Natixis Advisors LLC raised its stake in shares of 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 valued at $3,746,000 after buying an additional 2,369 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on IBKR shares. StockNews.com lowered Interactive Brokers Group from a “hold” rating to a “sell” rating in a research note on Monday. Barclays lifted their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group lifted their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Citigroup lifted their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, UBS Group lifted their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $204.13.

Insider Transactions at Interactive Brokers Group

In related news, Director Jill Bright bought 135 shares of the stock in a transaction dated Friday, January 31st. The shares were acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.99% of the company’s stock.

Interactive Brokers Group Trading Up 3.7 %

NASDAQ:IBKR opened at $174.40 on Tuesday. Interactive Brokers Group, Inc. has a 12 month low of $103.69 and a 12 month high of $236.53. The stock has a 50 day moving average of $204.36 and a two-hundred day moving average of $175.76. The firm has a market cap of $73.70 billion, a P/E ratio of 24.70, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99.

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

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.57%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.16%.

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.