Compagnie Lombard Odier SCmA Has $30.37 Million Holdings in Interactive Brokers Group, Inc. $IBKR

Compagnie Lombard Odier SCmA lifted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 745.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 441,333 shares of the financial services provider’s stock after acquiring an additional 389,122 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Interactive Brokers Group were worth $30,368,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. National Pension Service lifted its stake in Interactive Brokers Group by 2.2% during the third quarter. National Pension Service now owns 707,634 shares of the financial services provider’s stock worth $48,692,000 after purchasing an additional 15,339 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Interactive Brokers Group by 1,221.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 73,728 shares of the financial services provider’s stock worth $5,073,000 after buying an additional 68,148 shares in the last quarter. Convergence Investment Partners LLC acquired a new position in shares of Interactive Brokers Group during the 3rd quarter worth $2,468,000. Rakuten Investment Management Inc. bought a new stake in shares of Interactive Brokers Group during the 3rd quarter worth $898,000. Finally, Hartford Investment Management Co. acquired a new stake in Interactive Brokers Group in the third quarter valued at about $1,798,000. Institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on IBKR shares. BMO Capital Markets boosted their target price on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Barclays set a $83.00 price objective on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. The Goldman Sachs Group reissued a “buy” rating and issued a $91.00 price objective on shares of Interactive Brokers Group in a research note on Friday, October 17th. Piper Sandler set a $80.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Finally, CICC Research began coverage on shares of Interactive Brokers Group in a report on Monday, October 27th. They set an “outperform” rating and a $78.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $76.39.

Interactive Brokers Group Price Performance

NASDAQ:IBKR opened at $78.42 on Tuesday. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $78.80. The company has a market cap of $133.01 billion, a PE ratio of 35.40, a P/E/G ratio of 2.09 and a beta of 1.24. The firm’s 50 day simple moving average is $69.46 and its 200 day simple moving average is $67.13.

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

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.32 annualized dividend and a yield of 0.4%. Interactive Brokers Group’s payout ratio is presently 14.48%.

Insider Activity at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 60,200 shares of the stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total value of $4,533,060.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders sold 400,000 shares of company stock valued at $30,725,122. Insiders own 2.97% of the company’s stock.

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.