AG2R LA Mondiale Gestion D Actifs Has $1.07 Million Stock Position in Interactive Brokers Group, Inc. $IBKR

AG2R LA Mondiale Gestion D Actifs increased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 285.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,344 shares of the financial services provider’s stock after purchasing an additional 14,321 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in Interactive Brokers Group were worth $1,072,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its stake in Interactive Brokers Group by 50.2% during the first quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider’s stock worth $98,886,000 after purchasing an additional 199,467 shares during the period. Thrive Wealth Management LLC grew its stake in Interactive Brokers Group by 243.8% in the second quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider’s stock valued at $482,000 after acquiring an additional 6,163 shares during the period. TD Asset Management Inc grew its stake in Interactive Brokers Group by 312.8% in the second quarter. TD Asset Management Inc now owns 104,644 shares of the financial services provider’s stock valued at $5,798,000 after acquiring an additional 79,294 shares during the period. Farther Finance Advisors LLC grew its stake in Interactive Brokers Group by 1,093.9% in the second quarter. Farther Finance Advisors LLC now owns 7,378 shares of the financial services provider’s stock valued at $409,000 after acquiring an additional 6,760 shares during the period. Finally, Truist Financial Corp grew its stake in Interactive Brokers Group by 237.8% in the second quarter. Truist Financial Corp now owns 202,665 shares of the financial services provider’s stock valued at $11,230,000 after acquiring an additional 142,662 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

IBKR has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Tuesday, October 14th. Barclays set a $80.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Friday, October 17th. Citigroup raised their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. Finally, 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. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.34.

Insider Buying and Selling

In related news, CFO Paul Jonathan Brody sold 17,058 shares of Interactive Brokers Group stock in a transaction on Friday, September 26th. The stock was sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the sale, the chief financial officer directly owned 28,289 shares in the company, valued at approximately $1,860,850.42. This trade represents a 37.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 1,205,583 shares of company stock worth $77,211,375 in the last 90 days. Company insiders own 2.97% of the company’s stock.

Interactive Brokers Group Stock Up 2.4%

IBKR stock opened at $68.75 on Monday. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $73.35. The stock’s 50 day moving average is $65.49 and its 200-day moving average is $57.60. The firm has a market capitalization of $116.61 billion, a PE ratio of 33.01, a P/E/G ratio of 2.14 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the company earned $1.61 earnings per share. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. On average, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, December 1st will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, December 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.38%.

Interactive Brokers Group Company 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.