Amundi Has $16.28 Million Holdings in Interactive Brokers Group, Inc. $IBKR

Key Points

• Amundi reduced its stake in Interactive Brokers Group by 27.7% during the 1st quarter, selling 39,038 shares and ending with holdings worth $16.3 million.
• Insider trading activity shows Vice Chairman Earl H. Nemser and CFO Paul Jonathan Brody both sold shares, with Nemser selling 194,086 shares valued at over $13 million.
• Interactive Brokers reported a strong financial performance with quarterly revenues up 14.7% year-over-year, exceeding revenue expectations while also announcing a $0.08 quarterly dividend.

Amundi reduced its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 27.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,059 shares of the financial services provider's stock after selling 39,038 shares during the period. Amundi's holdings in Interactive Brokers Group were worth $16,276,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Interactive Brokers Group by 2.8% during the first quarter. Vanguard Group Inc. now owns 10,351,521 shares of the financial services provider's stock worth $1,714,108,000 after buying an additional 280,004 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Interactive Brokers Group by 1,476.3% during the first quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider's stock worth $237,453,000 after buying an additional 1,343,007 shares during the last quarter. Invesco Ltd. grew its stake in shares of Interactive Brokers Group by 45.6% during the first quarter. Invesco Ltd. now owns 1,115,214 shares of the financial services provider's stock worth $184,668,000 after buying an additional 349,255 shares during the last quarter. Northern Trust Corp grew its stake in shares of Interactive Brokers Group by 8.7% during the first quarter. Northern Trust Corp now owns 952,772 shares of the financial services provider's stock worth $157,770,000 after buying an additional 76,283 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Interactive Brokers Group by 17.7% during the first quarter. Bank of New York Mellon Corp now owns 885,346 shares of the financial services provider's stock worth $146,604,000 after buying an additional 132,914 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Up 1.0%

IBKR traded up $0.64 during trading on Friday, reaching $63.98. 2,003,046 shares of the stock traded hands, compared to its average volume of 7,521,563. The stock has a market capitalization of $108.52 billion, a PE ratio of 32.95, a P/E/G ratio of 2.54 and a beta of 1.23. The stock's 50-day moving average is $62.61 and its 200 day moving average is $52.43. Interactive Brokers Group, Inc. has a 12 month low of $31.07 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 analysts' consensus estimates of $0.46 by $0.05. The company had revenue of $1.48 billion for 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 business's revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.76 EPS. As a group, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Monday, September 1st will be given 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 is 16.49%.

Insider Transactions at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 194,086 shares of the company's stock in a transaction dated 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 sale, the insider owned 461,500 shares in the company, valued at $31,146,635. This represents a 29.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Paul Jonathan Brody sold 107,493 shares of the company's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $61.87, for a total transaction of $6,650,591.91. Following the completion of the sale, the chief financial officer owned 892,507 shares in the company, valued at $55,219,408.09. This represents a 10.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 446,371 shares of company stock worth $28,954,715 in the last three months. Insiders own 2.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on IBKR shares. Citigroup boosted 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 Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Barclays increased their price objective on Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Piper Sandler increased their price objective on Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Finally, Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently 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.