Amundi Boosts Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Amundi raised its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 62.4% in the first quarter, Holdings Channel.com reports. The fund owned 2,433,236 shares of the financial services provider’s stock after acquiring an additional 934,843 shares during the quarter. Amundi’s holdings in Interactive Brokers Group were worth $163,197,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp increased its position in shares of Interactive Brokers Group by 1.0% during the fourth quarter. State Street Corp now owns 18,836,521 shares of the financial services provider’s stock worth $1,211,377,000 after purchasing an additional 187,763 shares in the last quarter. Cantillon Capital Management LLC lifted its holdings in Interactive Brokers Group by 0.8% in the 4th quarter. Cantillon Capital Management LLC now owns 12,759,904 shares of the financial services provider’s stock valued at $820,589,000 after purchasing an additional 95,878 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Interactive Brokers Group by 17.6% in the 3rd quarter. Wellington Management Group LLP now owns 10,901,171 shares of the financial services provider’s stock valued at $750,110,000 after purchasing an additional 1,630,620 shares in the last quarter. Orbis Allan Gray Ltd boosted its stake in Interactive Brokers Group by 178.8% during the 2nd quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock worth $539,697,000 after purchasing an additional 6,246,715 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Interactive Brokers Group by 44.1% during the 4th quarter. Invesco Ltd. now owns 8,288,379 shares of the financial services provider’s stock worth $533,026,000 after purchasing an additional 2,534,772 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on IBKR. Wolfe Research initiated coverage on shares of Interactive Brokers Group in a report on Monday, June 8th. They set an “outperform” rating and a $101.00 target price for the company. The Goldman Sachs Group set a $98.00 price target on shares of Interactive Brokers Group in a research note on Friday, May 1st. Weiss Ratings upgraded shares of Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Jefferies Financial Group dropped their price objective on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Finally, China Renaissance started coverage on shares of Interactive Brokers Group in a report on Tuesday, July 7th. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $96.89.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $87.99 on Friday. Interactive Brokers Group, Inc. has a 1-year low of $58.95 and a 1-year high of $97.84. The firm has a market cap of $149.26 billion, a PE ratio of 35.20, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33. The company has a 50-day moving average of $90.68 and a two-hundred day moving average of $80.08.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the firm earned $0.51 EPS. The business’s revenue was up 28.1% on a year-over-year basis. Sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 2.69 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Tuesday, September 1st will be issued a $0.0875 dividend. This represents a $0.35 annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.00%.

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.