Candriam S.C.A. Buys Shares of 7,884 Interactive Brokers Group, Inc. $IBKR

Key Points

• Candriam S.C.A. has acquired 7,884 shares of Interactive Brokers Group, valued at approximately $1.3 million, marking a significant new stake for the fund.
• Insider trading has seen notable movements, including Vice Chairman Earl H. Nemser selling 194,086 shares for over $13 million, reducing his ownership by nearly 30%.
• Interactive Brokers Group reported a net revenue of $1.48 billion in their latest earnings, surpassing the consensus estimate of $1.37 billion and achieving a 14.7% year-over-year revenue increase.

Candriam S.C.A. bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,884 shares of the financial services provider's stock, valued at approximately $1,306,000.

A number of other institutional investors and hedge funds have also bought and sold shares of IBKR. American Century Companies Inc. raised its position in Interactive Brokers Group by 1,476.3% during the 1st quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider's stock valued at $237,453,000 after purchasing an additional 1,343,007 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Interactive Brokers Group by 91.4% in the 4th quarter. Bank of America Corp DE now owns 2,338,972 shares of the financial services provider's stock valued at $413,226,000 after acquiring an additional 1,117,186 shares during the period. GAMMA Investing LLC increased its holdings in shares of Interactive Brokers Group by 22,211.1% in the 1st quarter. GAMMA Investing LLC now owns 423,910 shares of the financial services provider's stock valued at $701,950,000 after acquiring an additional 422,010 shares during the period. Fullerton Fund Management Co Ltd. purchased a new position in shares of Interactive Brokers Group in the 4th quarter valued at $69,057,000. Finally, Two Sigma Advisers LP increased its holdings in shares of Interactive Brokers Group by 456.0% in the 4th quarter. Two Sigma Advisers LP now owns 465,900 shares of the financial services provider's stock valued at $82,311,000 after acquiring an additional 382,100 shares during the period. 23.80% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 194,086 shares of Interactive Brokers Group stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the completion of the sale, the insider owned 461,500 shares of the company's stock, valued at approximately $31,146,635. The trade was a 29.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 233,972 shares of company stock worth $15,746,449. Insiders own 2.97% of the company's stock.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $62.40 on Friday. Interactive Brokers Group, Inc. has a 1-year low of $30.01 and a 1-year high of $68.07. The stock's fifty day moving average price is $60.10 and its 200 day moving average price is $51.86. The company has a market cap of $105.84 billion, a price-to-earnings ratio of 32.08, a price-to-earnings-growth ratio of 2.54 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.05. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the business earned $1.76 EPS. The firm's revenue for the quarter was up 14.7% on a year-over-year basis. As a group, equities 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 will be paid on Friday, September 12th. Shareholders of record on Monday, September 1st will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. Interactive Brokers Group's payout ratio is currently 16.49%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Piper Sandler lifted their price target on Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. The Goldman Sachs Group lifted their price target on Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Citigroup lifted their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a report on Monday, July 7th. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Finally, Barclays lifted their price target on Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $59.38.

Interactive Brokers Group 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.

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