Brooktree Capital Management Reduces Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Brooktree Capital Management reduced its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 158,073 shares of the financial services provider's stock after selling 11,791 shares during the quarter. Interactive Brokers Group accounts for approximately 10.6% of Brooktree Capital Management's portfolio, making the stock its 2nd largest holding. Brooktree Capital Management's holdings in Interactive Brokers Group were worth $13,104,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in IBKR. AIA Group Ltd acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth $1,840,000. International Assets Investment Management LLC purchased a new position in Interactive Brokers Group during the 4th quarter valued at about $7,841,000. Darwin Wealth Management LLC purchased a new position in Interactive Brokers Group during the 3rd quarter valued at about $1,775,000. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Interactive Brokers Group by 93.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 35,170 shares of the financial services provider's stock valued at $3,044,000 after purchasing an additional 16,996 shares in the last quarter. Finally, Lecap Asset Management Ltd. purchased a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $1,910,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IBKR has been the subject of a number of recent research reports. Bank of America raised their price objective on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the stock a "buy" rating in a research note on Wednesday, April 17th. Barclays boosted their price target on Interactive Brokers Group from $132.00 to $136.00 and gave the stock an "overweight" rating in a report on Wednesday, April 17th. UBS Group dropped their price objective on Interactive Brokers Group from $108.00 to $104.00 and set a "buy" rating for the company in a research report on Tuesday, January 9th. Jefferies Financial Group upped their target price on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday, April 17th. Finally, The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a "neutral" rating to a "buy" rating and lifted their target price for the company from $88.00 to $102.00 in a report on Tuesday, January 9th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $124.00.

Insider Activity

In related news, Vice Chairman Earl H. Nemser sold 5,000 shares of Interactive Brokers Group stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total value of $524,300.00. Following the completion of the sale, the insider now owns 113,770 shares in the company, valued at $11,929,922.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Thomas Aj Frank sold 36,883 shares of the company's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $90.64, for a total transaction of $3,343,075.12. Following the sale, the insider now directly owns 164,484 shares of the company's stock, valued at approximately $14,908,829.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of the firm's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total value of $524,300.00. Following the transaction, the insider now owns 113,770 shares in the company, valued at $11,929,922.20. The disclosure for this sale can be found here. In the last three months, insiders sold 238,150 shares of company stock worth $23,038,797. 3.21% of the stock is currently owned by insiders.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR traded up $1.78 during trading on Wednesday, hitting $116.90. The company's stock had a trading volume of 1,104,849 shares, compared to its average volume of 1,159,798. Interactive Brokers Group, Inc. has a fifty-two week low of $70.83 and a fifty-two week high of $117.96. The stock's 50-day moving average price is $110.59 and its two-hundred day moving average price is $94.33. The company has a market capitalization of $49.22 billion, a PE ratio of 19.66, a PEG ratio of 1.19 and a beta of 0.83.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.86%. This is a positive change from Interactive Brokers Group's previous quarterly dividend of $0.10. The ex-dividend date is Friday, May 31st. Interactive Brokers Group's dividend payout ratio is presently 6.84%.

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.