Credit Agricole S A Buys 17,365 Shares of Interactive Brokers Group, Inc. $IBKR

Key Points

• Credit Agricole S A increased its stake in Interactive Brokers Group, Inc. by 51.1%, acquiring an additional 17,365 shares valued at approximately $8.5 million.
• Insider sales included Vice Chairman Earl H. Nemser selling over 194,000 shares, resulting in a 29.60% reduction of his holdings in the company.
• Several analysts have upgraded their ratings for Interactive Brokers Group, with the average price target now at $59.38 and a consensus of a "Moderate Buy" rating.

Credit Agricole S A raised its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 51.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,379 shares of the financial services provider's stock after buying an additional 17,365 shares during the period. Credit Agricole S A's holdings in Interactive Brokers Group were worth $8,508,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. N.E.W. Advisory Services LLC purchased a new stake in Interactive Brokers Group during the first quarter worth about $26,000. City Holding Co. bought a new stake in Interactive Brokers Group during the first quarter valued at approximately $33,000. Nvwm LLC bought a new stake in shares of Interactive Brokers Group in the 1st quarter worth approximately $33,000. ASR Vermogensbeheer N.V. bought a new stake in Interactive Brokers Group during the 1st quarter valued at $33,000. Finally, Bellwether Advisors LLC purchased a new stake in shares of Interactive Brokers Group during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 23.80% of the company's stock.

Insider Buying and Selling at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 194,086 shares of the stock in a transaction on 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 transaction, the insider directly owned 461,500 shares in the company, valued at approximately $31,146,635. This represents a 29.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 233,972 shares of company stock worth $15,746,449. Corporate insiders own 2.97% of the company's stock.

Wall Street Analyst Weigh In

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

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $62.47 on Friday. The stock's 50-day simple moving average is $59.86 and its 200-day simple moving average is $51.85. The firm has a market capitalization of $105.96 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 2.54 and a beta of 1.22. Interactive Brokers Group, Inc. has a fifty-two week low of $30.01 and a fifty-two week 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 the consensus estimate of $0.46 by $0.05. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The business's quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.76 EPS. As a group, equities analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Monday, September 1st will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, August 29th. Interactive Brokers Group's dividend payout ratio is presently 16.49%.

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.

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