Interactive Brokers Group, Inc. $IBKR Stock Holdings Trimmed by Bronte Capital Management Pty Ltd.

Key Points

• Bronte Capital trimmed holdings by 15.6% in Interactive Brokers during Q4, selling 274,877 shares and leaving it with 1,486,294 shares (about $95.6M), making IBKR ~10.4% of Bronte's portfolio and its 3rd largest holding.
• Director sale: Lawrence E. Harris sold 26,000 IBKR shares on April 28 for roughly $2.0M (average $76.93), cutting his position by 13.03%; company insiders own about 2.8% of the stock.
• Operating update: IBKR reported $0.60 EPS (beat by $0.03) and 17% YoY revenue growth to $1.68B, and increased the quarterly dividend to $0.0875 (annualized $0.35, yield ~0.4%), with an ex-dividend date of June 1.

Bronte Capital Management Pty Ltd. trimmed its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 15.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,486,294 shares of the financial services provider's stock after selling 274,877 shares during the quarter. Interactive Brokers Group comprises approximately 10.4% of Bronte Capital Management Pty Ltd.'s portfolio, making the stock its 3rd largest holding. Bronte Capital Management Pty Ltd. owned approximately 0.09% of Interactive Brokers Group worth $95,584,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new position in Interactive Brokers Group in the 3rd quarter worth approximately $27,000. Blue Trust Inc. lifted its stake in Interactive Brokers Group by 236.0% in the 4th quarter. Blue Trust Inc. now owns 672 shares of the financial services provider's stock worth $43,000 after purchasing an additional 472 shares in the last quarter. Ramsey Quantitative Systems purchased a new position in Interactive Brokers Group in the 2nd quarter worth approximately $44,000. Darwin Wealth Management LLC purchased a new position in Interactive Brokers Group in the 2nd quarter worth approximately $45,000. Finally, Close Asset Management Ltd purchased a new position in Interactive Brokers Group in the 3rd quarter worth approximately $60,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related 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 value of $2,000,180.00. Following the completion of the sale, the director owned 173,482 shares in the company, valued at approximately $13,345,970.26. This trade represents a 13.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.80% of the company's stock.

Interactive Brokers Group Stock Performance

IBKR stock opened at $83.91 on Wednesday. The firm has a market cap of $142.34 billion, a PE ratio of 36.17, a PEG ratio of 2.26 and a beta of 1.32. The firm's 50 day moving average price is $71.65 and its 200-day moving average price is $70.02. Interactive Brokers Group, Inc. has a one year low of $43.78 and a one year high of $84.63.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The business's revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.94 EPS. Equities research analysts predict that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, June 1st will be issued a $0.0875 dividend. This is a boost from Interactive Brokers Group's previous quarterly dividend of $0.08. The ex-dividend date is Monday, June 1st. This represents a $0.35 annualized dividend and a yield of 0.4%. Interactive Brokers Group's payout ratio is 13.79%.

Wall Street Analysts Forecast Growth

IBKR has been the topic of a number of research reports. Keefe, Bruyette & Woods initiated coverage on shares of Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a "market perform" rating and a $75.00 target price on the stock. Jefferies Financial Group decreased their target price on shares of Interactive Brokers Group from $91.00 to $81.00 and set a "buy" rating on the stock in a research note on Monday, April 6th. The Goldman Sachs Group set a $98.00 target price on shares of Interactive Brokers Group in a research note on Friday. BMO Capital Markets lifted their price target on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the company an "outperform" rating in a research report on Wednesday, April 22nd. Finally, Zacks Research lowered shares of Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 24th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $83.25.

About Interactive Brokers Group

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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