Groupama Asset Managment Makes New $1.24 Million Investment in Interactive Brokers Group, Inc. $IBKR

Groupama Asset Managment purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 17,977 shares of the financial services provider’s stock, valued at approximately $1,237,000.

Other institutional investors have also recently made changes to their positions in the company. Polar Asset Management Partners Inc. bought a new position in shares of Interactive Brokers Group during the 3rd quarter worth about $3,129,000. CIBC Bancorp USA Inc. acquired a new stake in shares of Interactive Brokers Group in the 3rd quarter valued at about $4,204,000. WBI Investments LLC increased its position in Interactive Brokers Group by 37.4% in the 3rd quarter. WBI Investments LLC now owns 58,027 shares of the financial services provider’s stock valued at $3,993,000 after buying an additional 15,782 shares in the last quarter. Centaurus Financial Inc. bought a new stake in Interactive Brokers Group in the 3rd quarter valued at about $143,000. Finally, Wilmington Savings Fund Society FSB raised its stake in Interactive Brokers Group by 37.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,167 shares of the financial services provider’s stock worth $80,000 after buying an additional 318 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Trading Down 3.3%

Shares of Interactive Brokers Group stock opened at $65.47 on Friday. The company has a market capitalization of $111.05 billion, a P/E ratio of 29.56, a price-to-earnings-growth ratio of 1.89 and a beta of 1.23. The stock has a fifty day simple moving average of $72.29 and a 200 day simple moving average of $68.48. Interactive Brokers Group, Inc. has a 12-month low of $32.82 and a 12-month high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.15. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The business’s revenue was up 18.5% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. On average, analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were 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 was Friday, February 27th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.48%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Barclays set a $83.00 price target on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, BMO Capital Markets increased their target price on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $76.39.

Insider Buying and Selling at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 145,000 shares of the business’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $77.85, for a total transaction of $11,288,250.00. Following the transaction, the insider directly owned 155,000 shares in the company, valued at approximately $12,066,750. The trade was a 48.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 400,000 shares of company stock worth $30,725,122 over the last 90 days. 2.97% of the stock is owned by company insiders.

About Interactive Brokers Group

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.