Mutual of America Capital Management LLC buys 1,532 shares of Interactive Brokers Group, Inc. (NASDAQ: IBKR)
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 latest filing with the Securities and Exchange Commission (DRY). The fund held 79,674 shares of the financial services provider 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 when it last filed with the SEC.
Other hedge funds and other institutional investors also bought and sold shares of the company. Atria Investments LLC increased 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 valued at $3,527,000 after buying an additional 615 shares last quarter. Steward Partners Investment Advisory LLC increased 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 valued at $28,000 after buying 367 additional shares last quarter. Integrated Advisors Network LLC bought a new position in Interactive Brokers Group in the first quarter worth approximately $847,000. Ibex Investors LLC bought a new position in Interactive Brokers Group in the first quarter worth approximately $395,000. Finally, FourThought Financial LLC increased 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 valued at $364,000 after buying an additional 175 shares in the last quarter. Institutional investors hold 20.49% of the company’s shares.
Insider buying and selling
In related news, Chairman Thomas Peterffy sold 20,000 shares of the company in a trade on Monday, May 9. The shares were sold at an average price of $52.95, for a total transaction of $1,059,000.00. Following the transaction, the president now directly owns 2,707,511 shares of the company, valued at $143,362,707.45. The sale was disclosed in a filing with the SEC, which is available via this link. In the past three months, insiders have sold 540,000 shares of the company worth $30,669,200. Insiders hold 5.72% of the shares of the company.
Analyst upgrades and downgrades
A number of brokerages have weighed in on IBKR. Goldman Sachs Group upgraded shares of Interactive Brokers Group from a ‘neutral’ rating to a ‘buy’ rating and set a price target of $90.00 on the stock in a Tuesday research note April 26. Compass Point cut its price target on shares of Interactive Brokers Group to $85.00 in a Friday, June 3 research note. Bank of America raised its price target on shares of Interactive Brokers Group from $111.00 to $117.00 and gave the company a “buy” rating in a Wednesday, April 20 research note. Finally, StockNews.com upgraded shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a Tuesday, July 19 research report.
Interactive Brokers Group shares down 0.7%
IBKR shares 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 company has a market capitalization 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 reported quarterly earnings data on Tuesday, July 19. The financial services provider reported EPS of $0.84 for the quarter, missing analyst consensus estimates of $0.92 per ($0.08). The company had revenue of $656.00 million in the quarter, versus a consensus estimate of $745.46 million. Interactive Brokers Group achieved a return on equity of 3.13% and a net margin of 9.64%. The company’s revenue for the quarter was down 13.0% from the same quarter last year. During the same period of the previous year, the company achieved EPS of $0.82. On average, stock analysts predict that Interactive Brokers Group, Inc. will post earnings per share of 3.77 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 14. Investors of record on Thursday, September 1 will receive a dividend of $0.10 per share. The ex-date of this dividend is Wednesday, August 31. This represents a dividend of $0.40 on an annualized basis and a yield of 0.71%. The Interactive Brokers Group payout ratio is 15.63%.
Interactive Brokers Group Company Profile
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Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in the execution, clearing and settlement of transactions in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange-traded funds (ETFs), metals and cryptocurrencies. It also provides custody and account services for hedge funds and mutual funds, ETFs, registered investment advisers, proprietary trading groups, introducing brokers and individual investors.
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