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

Crestwood Capital Management L.P. trimmed its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 13.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 356,552 shares of the financial services provider’s stock after selling 54,000 shares during the period. Interactive Brokers Group comprises about 8.6% of Crestwood Capital Management L.P.’s holdings, making the stock its biggest position. Crestwood Capital Management L.P. owned about 0.09% of Interactive Brokers Group worth $16,059,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company grew its stake in Interactive Brokers Group by 27.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,966 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 647 shares during the period. Riverhead Capital Management LLC grew its stake in Interactive Brokers Group by 71.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,095 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 1,295 shares during the period. World Asset Management Inc purchased a new stake in Interactive Brokers Group in the 3rd quarter worth approximately $214,000. Everence Capital Management Inc. purchased a new stake in Interactive Brokers Group in the 3rd quarter worth approximately $224,000. Finally, Teacher Retirement System of Texas purchased a new stake in Interactive Brokers Group in the 3rd quarter worth approximately $240,000. 15.80% of the stock is owned by institutional investors and hedge funds.

Shares of Interactive Brokers Group, Inc. (NASDAQ IBKR) opened at $60.89 on Thursday. Interactive Brokers Group, Inc. has a 1 year low of $33.01 and a 1 year high of $62.33. The firm has a market cap of $25,476.37, a PE ratio of 53.35, a P/E/G ratio of 3.13 and a beta of 1.03.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, October 17th. The financial services provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.38 by $0.05. The firm had revenue of $426.00 million during the quarter, compared to analysts’ expectations of $382.85 million. Interactive Brokers Group had a net margin of 5.29% and a return on equity of 1.35%. Interactive Brokers Group’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 EPS. sell-side analysts predict that Interactive Brokers Group, Inc. will post 1.47 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, December 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Thursday, November 30th. Interactive Brokers Group’s dividend payout ratio is currently 34.48%.

IBKR has been the topic of several recent research reports. SunTrust Banks reiterated a “hold” rating and issued a $40.00 price objective on shares of Interactive Brokers Group in a report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $41.67.

In related news, CAO Denis Mendonca sold 1,156 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $49.50, for a total transaction of $57,222.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas Aj Frank sold 73,265 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $53.90, for a total transaction of $3,948,983.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 974,455 shares of company stock valued at $46,966,450. Company 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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