Interactive Brokers Group, Inc. (IBKR) is Crestwood Capital Management L.P.’s Largest Position

Crestwood Capital Management L.P. lowered its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 13.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 356,552 shares of the financial services provider’s stock after selling 54,000 shares during the period. Interactive Brokers Group makes up 8.6% of Crestwood Capital Management L.P.’s investment portfolio, making the stock its largest position. Crestwood Capital Management L.P. owned about 0.09% of Interactive Brokers Group worth $16,059,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Alliancebernstein L.P. raised its holdings in shares of Interactive Brokers Group by 0.6% in the 2nd quarter. Alliancebernstein L.P. now owns 34,504 shares of the financial services provider’s stock valued at $1,291,000 after acquiring an additional 196 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of Interactive Brokers Group by 0.7% in the 2nd quarter. Gamco Investors INC. ET AL now owns 29,100 shares of the financial services provider’s stock valued at $1,089,000 after acquiring an additional 200 shares in the last quarter. Texas Permanent School Fund raised its holdings in shares of Interactive Brokers Group by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 49,638 shares of the financial services provider’s stock valued at $1,857,000 after acquiring an additional 416 shares in the last quarter. State of Wisconsin Investment Board raised its holdings in shares of Interactive Brokers Group by 3.8% in the 2nd quarter. State of Wisconsin Investment Board now owns 13,137 shares of the financial services provider’s stock valued at $492,000 after acquiring an additional 480 shares in the last quarter. Finally, Western Standard LLC raised its holdings in shares of Interactive Brokers Group by 0.7% in the 2nd quarter. Western Standard LLC now owns 75,600 shares of the financial services provider’s stock valued at $2,829,000 after acquiring an additional 500 shares in the last quarter. 15.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group, Inc. (NASDAQ:IBKR) opened at $58.91 on Tuesday. The company has a market capitalization of $23,911.88, a PE ratio of 50.07, a PEG ratio of 2.94 and a beta of 1.03. Interactive Brokers Group, Inc. has a 1 year low of $33.01 and a 1 year high of $60.12.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.38 by $0.05. The firm had revenue of $426.00 million for the quarter, compared to analyst estimates of $382.85 million. Interactive Brokers Group had a return on equity of 1.35% and a net margin of 5.29%. The company’s revenue was up 23.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 EPS. equities analysts expect that Interactive Brokers Group, Inc. will post 1.47 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, December 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.68%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 34.48%.

Several analysts have weighed in on IBKR shares. SunTrust Banks reaffirmed a “hold” rating and issued a $40.00 price target on shares of Interactive Brokers Group in a report on Wednesday, October 4th. BidaskClub raised Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a report on Monday, August 14th. Finally, Zacks Investment Research raised Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Interactive Brokers Group presently has an average rating of “Hold” and a consensus target price of $41.67.

In other news, insider Thomas Aj Frank sold 20,218 shares of the stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $41.99, for a total transaction of $848,953.82. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Denis Mendonca sold 1,156 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $49.50, for a total value of $57,222.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,095,957 shares of company stock worth $52,044,877 over the last quarter. Corporate insiders own 3.41% of the company’s stock.

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About Interactive Brokers Group

Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.

Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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