Cantillon Capital Management Reduces $137M in Interactive Brokers Group, Inc. ($IBKR)
Key Points
- Cantillon Capital Management changed its Interactive Brokers Group, Inc. ($IBKR) stake by 11.9% last quarter, cutting to 11,245,881 shares worth $1.02 billion.
- Wall Street's consensus rating on $IBKR is Buy and an average price target of $88.27.
- $IBKR last traded around $90.81.
Cantillon Capital Management reduced its position in Interactive Brokers Group, Inc. ($IBKR) by 11.9% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,245,881 shares of Interactive Brokers Group, Inc. after selling 1,514,023 shares during the quarter. Cantillon Capital Management's holdings in Interactive Brokers Group, Inc. were worth $1.02 billion as of its most recent filing.
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About Interactive Brokers Group, Inc.
Interactive Brokers Group, Inc. operates as an automated electronic broker in the United States and internationally. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, precious metals, and cryptocurrencies; and the company provides custody, prime brokerage, securities, and margin lending services. It also offers custody and service accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors. In addition, the company provides trading platforms, including IBKR Trader Workstation, IBKR Desktop, IBKR Mobile, and IBKR Client Portal platform, as well as IBKR GlobalTrader mobile application, and IBKR APIs, builds custom trading applications and automates any part of the trading process. Further, it offers IBKR Pro, IBKR Lite, IBKR Universal Account, insured bank deposit sweep program, investors' marketplace, mutual fund marketplace, bond marketplace, forecast and event contracts, fractional trading, no transaction fee program for exchange-traded funds, overnight trading hours, and karta visa infinite charge card. It serves institutional and individual customers through electronic exchanges and market centers. Interactive Brokers Group, Inc. was founded in 1977 and is headquartered in Greenwich, Connecticut.
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