Brooktree Capital Management Has $25.77 Million Stock Position in Interactive Brokers Group, Inc. $IBKR

Key Points

• Brooktree Capital Management trimmed its stake in Interactive Brokers by 3.9% to 400,728 shares worth $25.77 million, with IBKR representing about 17.1% of Brooktree’s portfolio (its largest holding).
• Several large institutions — including Vanguard, State Street and Wellington — have materially increased positions in recent quarters, leaving institutional ownership at roughly 23.8%.
• Interactive Brokers trades at a market cap of about $136.5 billion$0.0875 (annualized $0.35, ~0.4% yield).

Brooktree Capital Management decreased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 400,728 shares of the financial services provider's stock after selling 16,138 shares during the period. Interactive Brokers Group accounts for approximately 17.1% of Brooktree Capital Management's holdings, making the stock its biggest holding. Brooktree Capital Management's holdings in Interactive Brokers Group were worth $25,771,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Interactive Brokers Group by 26.4% in the 3rd quarter. Vanguard Group Inc. now owns 52,859,085 shares of the financial services provider's stock valued at $3,637,234,000 after acquiring an additional 11,048,679 shares during the last quarter. State Street Corp lifted its holdings in shares of Interactive Brokers Group by 23.2% in the 3rd quarter. State Street Corp now owns 18,648,758 shares of the financial services provider's stock valued at $1,283,221,000 after acquiring an additional 3,517,729 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Interactive Brokers Group by 17.6% in the 3rd quarter. Wellington Management Group LLP now owns 10,901,171 shares of the financial services provider's stock valued at $750,110,000 after acquiring an additional 1,630,620 shares during the last quarter. Orbis Allan Gray Ltd lifted its holdings in shares of Interactive Brokers Group by 178.8% in the 2nd quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider's stock valued at $539,697,000 after acquiring an additional 6,246,715 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Interactive Brokers Group by 225.4% in the 2nd quarter. Bank of America Corp DE now owns 7,594,906 shares of the financial services provider's stock valued at $420,834,000 after acquiring an additional 5,260,923 shares during the last quarter. Institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $80.46 on Monday. The company has a market cap of $136.49 billion, a P/E ratio of 34.68, a PEG ratio of 2.22 and a beta of 1.32. Interactive Brokers Group, Inc. has a 1 year low of $43.78 and a 1 year high of $82.88. The firm has a 50-day simple moving average of $71.46 and a two-hundred day simple moving average of $69.92.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.69 billion. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The firm's quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.94 earnings per share. As a group, equities research analysts expect that Interactive Brokers Group, Inc. will post 2.46 EPS for the current year.

Interactive Brokers Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, June 1st will be paid a $0.0875 dividend. The ex-dividend date of this dividend is Monday, June 1st. This is an increase from Interactive Brokers Group's previous quarterly dividend of $0.08. This represents a $0.35 annualized dividend and a yield of 0.4%. Interactive Brokers Group's payout ratio is 15.09%.

Insider Transactions at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 26,000 shares of Interactive Brokers Group stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the completion of the sale, the director owned 173,482 shares of the company's stock, valued at approximately $13,345,970.26. The trade was a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

IBKR has been the subject of a number of analyst reports. The Goldman Sachs Group set a $98.00 price target on shares of Interactive Brokers Group in a report on Friday. Piper Sandler increased their price target on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the company an "overweight" rating in a report on Wednesday, April 22nd. Keefe, Bruyette & Woods started coverage on shares of Interactive Brokers Group in a report on Wednesday, April 8th. They issued a "market perform" rating and a $75.00 price target for the company. BMO Capital Markets raised their price objective on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 22nd. Finally, Zacks Research downgraded shares of Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 24th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.25.

Interactive Brokers Group 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.

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