Candriam S.C.A. Boosts Position in Interactive Brokers Group, Inc. $IBKR

Candriam S.C.A. increased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 248.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,472 shares of the financial services provider’s stock after acquiring an additional 19,588 shares during the quarter. Candriam S.C.A.’s holdings in Interactive Brokers Group were worth $1,522,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Police & Firemen s Retirement System of New Jersey raised its holdings in Interactive Brokers Group by 318.1% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 64,466 shares of the financial services provider’s stock worth $3,572,000 after purchasing an additional 49,047 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Interactive Brokers Group by 190.9% during the second quarter. Geode Capital Management LLC now owns 6,682,629 shares of the financial services provider’s stock valued at $371,363,000 after buying an additional 4,385,602 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Interactive Brokers Group by 297.0% during the second quarter. PNC Financial Services Group Inc. now owns 34,128 shares of the financial services provider’s stock valued at $1,891,000 after buying an additional 25,531 shares during the period. Rovida Advisors Inc. bought a new position in Interactive Brokers Group in the second quarter worth about $18,833,000. Finally, Wealth Alliance LLC raised its stake in Interactive Brokers Group by 247.5% in the second quarter. Wealth Alliance LLC now owns 8,774 shares of the financial services provider’s stock worth $486,000 after buying an additional 6,249 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Insider Buying and Selling

In related news, CFO Paul Jonathan Brody sold 116,861 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $64.73, for a total value of $7,564,412.53. Following the transaction, the chief financial officer directly owned 158,954 shares of the company’s stock, valued at approximately $10,289,092.42. This represents a 42.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lawrence E. Harris sold 22,000 shares of the stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $67.63, for a total value of $1,487,860.00. Following the sale, the director owned 231,704 shares in the company, valued at approximately $15,670,141.52. This represents a 8.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,026,711 shares of company stock valued at $65,238,880. 2.97% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

IBKR has been the subject of a number of research analyst reports. Barclays set a $80.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Friday, October 17th. Piper Sandler set a $80.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a research report on Tuesday, October 14th. BMO Capital Markets boosted their target price on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a report on Friday, October 17th. CICC Research assumed coverage on shares of Interactive Brokers Group in a research note on Monday, October 27th. They issued an “outperform” rating and a $78.00 price target for the company. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Interactive Brokers Group in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.08.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $66.03 on Monday. The business has a fifty day moving average price of $67.67 and a 200-day moving average price of $60.73. The company has a market capitalization of $112.00 billion, a PE ratio of 31.71, a PEG ratio of 2.16 and a beta of 1.22. Interactive Brokers Group, Inc. has a 1-year low of $32.82 and a 1-year high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.49 by $0.08. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.47 billion. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. Interactive Brokers Group’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.61 EPS. On average, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, December 1st will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.38%.

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.