Brevan Howard Capital Management LP Has $3.03 Million Position in Interactive Brokers Group, Inc. $IBKR

Brevan Howard Capital Management LP cut its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 58.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,096 shares of the financial services provider’s stock after selling 61,090 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Interactive Brokers Group were worth $3,034,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new stake in Interactive Brokers Group in the 3rd quarter valued at approximately $27,000. N.E.W. Advisory Services LLC boosted its position in Interactive Brokers Group by 300.0% during the 2nd quarter. N.E.W. Advisory Services LLC now owns 632 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 474 shares during the last quarter. Ramsey Quantitative Systems bought a new position in shares of Interactive Brokers Group during the 2nd quarter worth approximately $44,000. Darwin Wealth Management LLC bought a new position in shares of Interactive Brokers Group during the 2nd quarter worth approximately $45,000. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Interactive Brokers Group by 252.1% in the second quarter. SBI Securities Co. Ltd. now owns 1,000 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 716 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insider Buying and Selling

In other news, Vice Chairman Earl H. Nemser sold 60,200 shares of Interactive Brokers Group stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total value of $4,533,060.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 400,000 shares of company stock valued at $30,725,122 in the last ninety days. Company insiders own 2.97% of the company’s stock.

Analyst Upgrades and Downgrades

IBKR has been the topic of a number of research reports. BMO Capital Markets boosted their price objective on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Barclays set a $83.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. Finally, Zacks Research cut shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.39.

Interactive Brokers Group Stock Up 3.2%

NASDAQ:IBKR opened at $68.28 on Tuesday. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $79.18. The firm has a market capitalization of $115.81 billion, a price-to-earnings ratio of 30.83, a price-to-earnings-growth ratio of 1.85 and a beta of 1.23. The stock’s 50 day moving average price is $72.58 and its two-hundred day moving average price is $68.42.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.50 by $0.15. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the firm posted $0.51 EPS. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a $0.08 dividend. The ex-dividend date was Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.48%.

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.