Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,326 shares of the financial services provider’s stock after selling 2,438 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Interactive Brokers Group were worth $7,519,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Tortoise Investment Management LLC grew its position 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 valued at $31,000 after purchasing an additional 111 shares during the period. Oliver Luxxe Assets LLC lifted its stake in shares of Interactive Brokers Group by 1.8% in the first quarter. Oliver Luxxe Assets LLC now owns 7,047 shares of the financial services provider’s stock worth $787,000 after buying an additional 126 shares in the last quarter. QRG Capital Management Inc. lifted its stake in shares of Interactive Brokers Group by 2.8% in the second quarter. QRG Capital Management Inc. now owns 4,859 shares of the financial services provider’s stock worth $596,000 after buying an additional 131 shares in the last quarter. Thrive Wealth Management LLC lifted its stake in shares of Interactive Brokers Group by 6.0% in the second quarter. Thrive Wealth Management LLC now owns 2,333 shares of the financial services provider’s stock worth $286,000 after buying an additional 132 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in shares of Interactive Brokers Group by 5.0% in the second quarter. CIBC Asset Management Inc now owns 3,051 shares of the financial services provider’s stock worth $374,000 after buying an additional 146 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on IBKR shares. Keefe, Bruyette & Woods downgraded Interactive Brokers Group from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $128.00 to $135.00 in a research note on Thursday, July 11th. Jefferies Financial Group raised their price objective on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Barclays boosted their target price on shares of Interactive Brokers Group from $145.00 to $147.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Finally, UBS Group raised their price target on shares of Interactive Brokers Group from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average target price of $133.44.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $132.45 on Friday. The firm has a market cap of $55.77 billion, a P/E ratio of 22.64, a P/E/G ratio of 1.10 and a beta of 0.80. The firm’s 50 day moving average price is $121.83 and its 200-day moving average price is $119.20. Interactive Brokers Group, Inc. has a one year low of $72.60 and a one year high of $133.42.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.02. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the firm earned $1.32 earnings per share. The firm’s revenue was up 21.2% compared to the same quarter last year. As a group, research analysts predict that Interactive Brokers Group, Inc. will post 6.81 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.76%. The ex-dividend date was Friday, August 30th. Interactive Brokers Group’s dividend payout ratio is currently 17.09%.

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.