Mutual of America Capital Management LLC increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating) by 2.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,674 shares of the financial services provider’s stock after acquiring an additional 1,532 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Interactive Brokers Group were worth $5,251,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Atria Investments LLC lifted its stake in Interactive Brokers Group by 1.2% in the first quarter. Atria Investments LLC now owns 53,513 shares of the financial services provider’s stock valued at $3,527,000 after buying an additional 615 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Interactive Brokers Group by 692.5% in the first quarter. Steward Partners Investment Advisory LLC now owns 420 shares of the financial services provider’s stock valued at $28,000 after buying an additional 367 shares in the last quarter. Integrated Advisors Network LLC bought a new position in Interactive Brokers Group in the first quarter valued at approximately $847,000. Ibex Investors LLC bought a new position in Interactive Brokers Group in the first quarter valued at approximately $395,000. Finally, FourThought Financial LLC lifted its stake in Interactive Brokers Group by 3.3% in the first quarter. FourThought Financial LLC now owns 5,527 shares of the financial services provider’s stock valued at $364,000 after buying an additional 175 shares in the last quarter. Institutional investors own 20.49% of the company’s stock.
Insider Buying and Selling
In related news, Chairman Thomas Peterffy sold 20,000 shares of the business’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $52.95, for a total transaction of $1,059,000.00. Following the transaction, the chairman now directly owns 2,707,511 shares in the company, valued at $143,362,707.45. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders have sold 540,000 shares of company stock worth $30,669,200. Insiders own 5.72% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on IBKR. The Goldman Sachs Group raised shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Tuesday, April 26th. Compass Point cut their price target on shares of Interactive Brokers Group to $85.00 in a research note on Friday, June 3rd. Bank of America lifted their price target on shares of Interactive Brokers Group from $111.00 to $117.00 and gave the company a “buy” rating in a research note on Wednesday, April 20th. Finally, StockNews.com raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Tuesday, July 19th.
Interactive Brokers Group Stock Down 0.7 %
Shares of IBKR stock opened at $56.44 on Monday. The company’s fifty day simple moving average is $56.95 and its 200-day simple moving average is $62.85. The firm has a market cap of $23.60 billion, a PE ratio of 22.05, a P/E/G ratio of 0.68 and a beta of 0.80. Interactive Brokers Group, Inc. has a 12 month low of $52.18 and a 12 month high of $82.83.
Interactive Brokers Group (NASDAQ:IBKR – Get Rating) last announced its quarterly earnings data on Tuesday, July 19th. The financial services provider reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.08). The business had revenue of $656.00 million during the quarter, compared to the consensus estimate of $745.46 million. Interactive Brokers Group had a return on equity of 3.13% and a net margin of 9.64%. The business’s revenue for the quarter was down 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 EPS. On average, equities analysts predict that Interactive Brokers Group, Inc. will post 3.77 earnings per share for the current fiscal year.
Interactive Brokers Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 14th. Investors of record on Thursday, September 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.71%. Interactive Brokers Group’s payout ratio is 15.63%.
Interactive Brokers Group Company Profile
Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in executing, clearing, and settling trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.
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