Mutual of America Capital Management LLC Sells 2,506 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Mutual of America Capital Management LLC decreased its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 58,820 shares of the financial services provider’s stock after selling 2,506 shares during the period. Mutual of America Capital Management LLC’s holdings in Interactive Brokers Group were worth $8,197,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in IBKR. Tortoise Investment Management LLC grew its holdings in shares of Interactive Brokers Group by 76.6% in the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 111 shares during the last quarter. Fairfield Financial Advisors LTD bought a new position in shares of Interactive Brokers Group in the second quarter worth approximately $32,000. UMB Bank n.a. grew its holdings in shares of Interactive Brokers Group by 350.0% in the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 224 shares during the last quarter. DT Investment Partners LLC boosted its holdings in Interactive Brokers Group by 60.1% in the third quarter. DT Investment Partners LLC now owns 389 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 146 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in Interactive Brokers Group by 445.5% in the third quarter. Huntington National Bank now owns 420 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 343 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Up 1.3 %

Shares of Interactive Brokers Group stock opened at $182.61 on Tuesday. The firm has a market capitalization of $76.89 billion, a P/E ratio of 27.88, a P/E/G ratio of 1.41 and a beta of 0.79. The business has a fifty day simple moving average of $148.86 and a two-hundred day simple moving average of $131.67. Interactive Brokers Group, Inc. has a 12 month low of $72.60 and a 12 month high of $183.01.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. During the same period in the prior year, the firm earned $1.55 EPS. Analysts predict that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio is presently 15.27%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Jefferies Financial Group lifted their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. UBS Group lifted their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Piper Sandler reiterated an “overweight” rating and issued a $163.00 price target on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Finally, Barclays cut their price target on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus target price of $143.00.

Interactive Brokers Group 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.