Interactive Brokers Group, Inc. $IBKR Holdings Lifted by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Interactive Brokers Group by 797.6%, acquiring an additional 30,238 shares and reaching a total of 34,029 shares valued at $5,635,000.
• Interactive Brokers Group reported an EPS of $0.51, exceeding analysts' expectations, with quarterly revenues up 14.7% year-over-year, amounting to $1.48 billion.
• The company announced a quarterly dividend of $0.08 per share, reflecting a 0.5% yield and a payout ratio of 16.49%.

Caisse DE Depot ET Placement DU Quebec increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 797.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,029 shares of the financial services provider's stock after purchasing an additional 30,238 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Interactive Brokers Group were worth $5,635,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC bought a new position in Interactive Brokers Group during the first quarter worth $26,000. City Holding Co. bought a new position in Interactive Brokers Group during the first quarter worth $33,000. Nvwm LLC bought a new position in Interactive Brokers Group during the first quarter worth $33,000. ASR Vermogensbeheer N.V. bought a new position in Interactive Brokers Group during the first quarter worth $33,000. Finally, LGT Financial Advisors LLC lifted its stake in Interactive Brokers Group by 596.7% during the fourth quarter. LGT Financial Advisors LLC now owns 209 shares of the financial services provider's stock worth $37,000 after purchasing an additional 179 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Insider Activity at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 194,086 shares of the firm's 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 transaction, the insider directly owned 461,500 shares of the company's stock, valued at approximately $31,146,635. This trade represents a 29.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 233,972 shares of company stock worth $15,746,449 over the last quarter. 2.97% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

IBKR has been the topic of several research analyst reports. Barclays raised their price objective on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Piper Sandler increased their target price on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Citigroup increased their target price on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. The Goldman Sachs Group increased their target price on Interactive Brokers Group from $53.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, Wall Street Zen raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. 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 Price Performance

Shares of IBKR traded up $1.03 during trading hours on Tuesday, reaching $63.27. 4,139,236 shares of the company's stock traded hands, compared to its average volume of 7,605,499. The firm has a market capitalization of $107.32 billion, a price-to-earnings ratio of 32.47, a P/E/G ratio of 2.54 and a beta of 1.23. Interactive Brokers Group, Inc. has a twelve month low of $30.01 and a twelve month high of $68.07. The business's fifty day simple moving average is $61.37 and its two-hundred day simple moving average is $52.03.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.05. The company 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 company's quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company earned $1.76 earnings per share. On average, equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Monday, September 1st will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, August 29th. Interactive Brokers Group's dividend payout ratio (DPR) 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.