5,023 Shares in Interactive Brokers Group, Inc. $IBKR Acquired by AG2R LA Mondiale Gestion D Actifs

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired 5,023 shares of Interactive Brokers Group (NASDAQ:IBKR), valued at approximately $832,000, according to its 13F filing.
• Notable analysts have boosted their ratings and price targets for IBKR, with Piper Sandler raising its target from $45.50 to $65.00 and providing an "overweight" rating.
• Insider sales were reported, with CFO Paul Jonathan Brody selling over 104,000 shares and Vice Chairman Earl H. Nemser selling about 194,000 shares, indicating significant shareholder activity.

AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,023 shares of the financial services provider's stock, valued at approximately $832,000.

Several other hedge funds also recently modified their holdings of the business. Swedbank AB acquired a new position in shares of Interactive Brokers Group during the 1st quarter worth $1,411,000. First Hawaiian Bank increased its stake in shares of Interactive Brokers Group by 334.1% during the 1st quarter. First Hawaiian Bank now owns 7,557 shares of the financial services provider's stock worth $1,251,000 after purchasing an additional 5,816 shares during the last quarter. Inspire Investing LLC increased its stake in shares of Interactive Brokers Group by 19.5% during the 1st quarter. Inspire Investing LLC now owns 47,341 shares of the financial services provider's stock worth $7,839,000 after purchasing an additional 7,734 shares during the last quarter. Strs Ohio acquired a new position in Interactive Brokers Group in the 1st quarter valued at $1,493,000. Finally, IFM Investors Pty Ltd acquired a new position in Interactive Brokers Group in the 1st quarter valued at $3,707,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Insider Activity

In related news, Vice Chairman Earl H. Nemser sold 194,086 shares of Interactive Brokers Group stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the completion of the transaction, the insider directly owned 461,500 shares of the company's stock, valued at $31,146,635. This trade represents a 29.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Paul Jonathan Brody sold 112,574 shares of Interactive Brokers Group stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $63.23, for a total transaction of $7,118,054.02. Following the transaction, the chief financial officer directly owned 675,027 shares of the company's stock, valued at $42,681,957.21. This represents a 14.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 851,636 shares of company stock valued at $54,552,479 over the last three months. 2.97% of the stock is currently owned by insiders.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR traded down $0.61 during midday trading on Friday, reaching $64.31. 1,034,961 shares of the company's stock were exchanged, compared to its average volume of 7,434,391. The company's 50 day simple moving average is $63.15 and its two-hundred day simple moving average is $52.85. The firm has a market capitalization of $109.08 billion, a PE ratio of 33.01, a price-to-earnings-growth ratio of 2.54 and a beta of 1.23. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $68.07.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.05. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The firm's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the firm earned $1.76 EPS. On average, research 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, September 12th. Investors of record on Monday, September 1st were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 29th. Interactive Brokers Group's dividend payout ratio (DPR) is currently 16.49%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on IBKR. Barclays raised their target price on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Piper Sandler raised their target price on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Citigroup raised their target price on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Finally, Wall Street Zen upgraded shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $59.38.

About Interactive Brokers Group

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.