Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stock Holdings Decreased by Amalgamated Bank

Amalgamated Bank decreased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 7.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 66,558 shares of the financial services provider’s stock after selling 5,153 shares during the period. Amalgamated Bank’s holdings in Interactive Brokers Group were worth $8,160,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of IBKR. Tortoise Investment Management LLC lifted its holdings in Interactive Brokers Group by 76.6% during the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after buying an additional 111 shares during the last quarter. Fairfield Financial Advisors LTD bought a new position in Interactive Brokers Group during the second quarter worth $32,000. Rise Advisors LLC acquired a new position in Interactive Brokers Group in the first quarter worth $30,000. Principal Securities Inc. bought a new stake in Interactive Brokers Group during the fourth quarter valued at $40,000. Finally, Kapitalo Investimentos Ltda increased its stake in Interactive Brokers Group by 278.0% during the fourth quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 353 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Performance

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

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

Interactive Brokers Group Announces Dividend

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

Analyst Upgrades and Downgrades

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

About Interactive Brokers Group

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.