Amundi Purchases 124,461 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Amundi grew its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 748.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 141,097 shares of the financial services provider's stock after purchasing an additional 124,461 shares during the quarter. Amundi's holdings in Interactive Brokers Group were worth $26,934,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $25,000. SRH Advisors LLC acquired a new position in Interactive Brokers Group in the 4th quarter valued at $28,000. Versant Capital Management Inc increased its position in Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock worth $31,000 after acquiring an additional 71 shares during the period. Blue Trust Inc. increased its holdings in shares of Interactive Brokers Group by 90.7% during the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock worth $33,000 after purchasing an additional 88 shares during the period. Finally, Rialto Wealth Management LLC acquired a new position in Interactive Brokers Group in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Piper Sandler reaffirmed an "overweight" rating and issued a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Citigroup raised their price target on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Keefe, Bruyette & Woods lifted their target price on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a "market perform" rating in a report on Monday, January 13th. UBS Group upped their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a report on Monday, January 27th. Finally, The Goldman Sachs Group increased their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $204.13.

Remove Ads

Insider Activity

In other news, Director Jill Bright bought 135 shares of Interactive Brokers Group stock in a transaction dated Friday, January 31st. The shares were acquired at an average price of $219.51 per share, with a total value of $29,633.85. Following the completion of the purchase, the director now owns 2,476 shares in the company, valued at $543,506.76. The trade was a 5.77 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.99% of the company's stock.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock traded up $6.29 during mid-day trading on Monday, reaching $174.40. 1,867,222 shares of the company traded hands, compared to its average volume of 1,154,834. Interactive Brokers Group, Inc. has a 52-week low of $103.69 and a 52-week high of $236.53. The firm's 50 day moving average price is $204.67 and its 200 day moving average price is $175.42. The firm has a market capitalization of $73.70 billion, a price-to-earnings ratio of 24.70, a P/E/G ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the firm earned $1.52 EPS. Interactive Brokers Group's quarterly revenue was up 21.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.25 per share. The ex-dividend date was Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.57%. Interactive Brokers Group's payout ratio is 14.16%.

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.