Compagnie Lombard Odier SCmA Raises Position in Interactive Brokers Group, Inc. $IBKR

Key Points

• Compagnie Lombard Odier SCmA raised its stake in Interactive Brokers Group by an astonishing 19,981.2%, acquiring a total of 52,211 shares worth approximately $2.9 million.
• Several other institutional investors, including Vanguard Group and American Century Companies, have also significantly increased their holdings in Interactive Brokers Group during the previous quarter.
• Analysts have raised stock price targets for Interactive Brokers Group, with a consensus rating of "Moderate Buy" and an average price target of $59.38, indicating optimistic growth expectations.

Compagnie Lombard Odier SCmA boosted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 19,981.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,211 shares of the financial services provider's stock after buying an additional 51,951 shares during the quarter. Compagnie Lombard Odier SCmA's holdings in Interactive Brokers Group were worth $2,893,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IBKR. Vanguard Group Inc. lifted its stake in Interactive Brokers Group by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 10,351,521 shares of the financial services provider's stock worth $1,714,108,000 after purchasing an additional 280,004 shares in the last quarter. American Century Companies Inc. lifted its stake in Interactive Brokers Group by 1,476.3% in the 1st quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider's stock worth $237,453,000 after purchasing an additional 1,343,007 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Interactive Brokers Group by 13.5% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,230,207 shares of the financial services provider's stock worth $203,710,000 after purchasing an additional 145,870 shares in the last quarter. Invesco Ltd. lifted its stake in Interactive Brokers Group by 45.6% in the 1st quarter. Invesco Ltd. now owns 1,115,214 shares of the financial services provider's stock worth $184,668,000 after purchasing an additional 349,255 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Interactive Brokers Group by 8.7% in the 1st quarter. Northern Trust Corp now owns 952,772 shares of the financial services provider's stock worth $157,770,000 after purchasing an additional 76,283 shares in the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Vice Chairman Earl H. Nemser sold 194,086 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total value of $13,098,864.14. Following the completion of the sale, the insider directly owned 461,500 shares of the company's stock, valued at $31,146,635. The trade was a 29.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Paul Jonathan Brody sold 116,861 shares of the business's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the completion of the sale, the chief financial officer directly owned 158,954 shares of the company's stock, valued at approximately $10,289,092.42. This trade represents a 42.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,075,018 shares of company stock valued at $68,746,758. 2.97% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

IBKR has been the topic of a number of research reports. Piper Sandler raised their target price on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Citigroup raised their price target on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Finally, Barclays raised their price target on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the stock 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's stock. Based on data from MarketBeat, Interactive Brokers Group has a consensus rating of "Moderate Buy" and a consensus price target of $59.38.

Interactive Brokers Group Trading Down 1.2%

Interactive Brokers Group stock opened at $64.22 on Tuesday. The stock has a market cap of $108.93 billion, a P/E ratio of 33.02, a price-to-earnings-growth ratio of 2.65 and a beta of 1.23. The company has a fifty day simple moving average of $63.37 and a 200-day simple moving average of $53.14. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.05. The business had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The company's revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.76 EPS. As a group, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Monday, September 1st were given a $0.08 dividend. The ex-dividend date of this dividend was 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 16.49%.

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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