Compagnie Lombard Odier SCmA Boosts Stock Position in Interactive Brokers Group, Inc. $IBKR

Compagnie Lombard Odier SCmA grew its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 9.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 481,557 shares of the financial services provider’s stock after purchasing an additional 40,224 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Interactive Brokers Group were worth $30,969,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Interactive Brokers Group by 141.0% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 8,453 shares of the financial services provider’s stock valued at $544,000 after buying an additional 4,945 shares during the last quarter. Pinnacle Wealth Management LLC lifted its stake in Interactive Brokers Group by 2.3% during the 4th quarter. Pinnacle Wealth Management LLC now owns 13,526 shares of the financial services provider’s stock valued at $870,000 after acquiring an additional 300 shares during the period. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Interactive Brokers Group by 2.0% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 8,287 shares of the financial services provider’s stock valued at $533,000 after acquiring an additional 165 shares during the last quarter. Silver Oak Securities Incorporated boosted its holdings in shares of Interactive Brokers Group by 11.0% in the 4th quarter. Silver Oak Securities Incorporated now owns 41,608 shares of the financial services provider’s stock valued at $2,705,000 after acquiring an additional 4,129 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Interactive Brokers Group by 4.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 684,230 shares of the financial services provider’s stock worth $46,001,000 after acquiring an additional 30,738 shares during the period. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 145,000 shares of the firm’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $77.85, for a total value of $11,288,250.00. Following the transaction, the insider directly owned 155,000 shares of the company’s stock, valued at approximately $12,066,750. This trade represents a 48.33% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 400,000 shares of company stock worth $30,725,122. 2.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

IBKR has been the subject of several recent research reports. Barclays set a $83.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, January 21st. BMO Capital Markets lifted their price objective on Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $76.39.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $67.91 on Thursday. The stock has a market capitalization of $115.20 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 1.88 and a beta of 1.25. The business has a 50 day simple moving average of $71.32 and a 200-day simple moving average of $68.73. 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 released its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.15. The firm had revenue of $1.64 billion for 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 firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 EPS. On average, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Interactive Brokers Group’s payout ratio is currently 14.48%.

Interactive Brokers Group Company Profile

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.