Mutual of America Capital Management LLC Has $3.32 Million Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Mutual of America Capital Management LLC trimmed its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 77.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,263 shares of the financial services provider’s stock after selling 168,480 shares during the period. Mutual of America Capital Management LLC’s holdings in Interactive Brokers Group were worth $3,321,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of IBKR. Rakuten Investment Management Inc. bought a new position in shares of Interactive Brokers Group during the 3rd quarter worth about $898,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Interactive Brokers Group by 45.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 323,662 shares of the financial services provider’s stock worth $22,271,000 after purchasing an additional 101,136 shares in the last quarter. Quinn Opportunity Partners LLC lifted its stake in Interactive Brokers Group by 158.0% during the second quarter. Quinn Opportunity Partners LLC now owns 311,000 shares of the financial services provider’s stock worth $17,233,000 after purchasing an additional 190,452 shares during the period. American Century Companies Inc. boosted its holdings in Interactive Brokers Group by 290.7% during the second quarter. American Century Companies Inc. now owns 5,602,511 shares of the financial services provider’s stock valued at $310,435,000 after purchasing an additional 4,168,530 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Interactive Brokers Group by 335.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 374,008 shares of the financial services provider’s stock valued at $20,724,000 after purchasing an additional 288,055 shares during the period. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Down 1.0%

IBKR stock opened at $74.88 on Friday. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $78.80. The company has a market cap of $127.01 billion, a P/E ratio of 33.81, a PEG ratio of 2.12 and a beta of 1.24. The business has a fifty day moving average of $68.19 and a 200-day moving average of $66.53.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.15. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 EPS. As a group, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. Interactive Brokers Group’s payout ratio is 14.48%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on IBKR shares. Piper Sandler set a $80.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $91.00 price objective on shares of Interactive Brokers Group in a report on Friday, October 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. Barclays set a $83.00 price target on Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Finally, BMO Capital Markets lifted their price objective on Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $76.39.

Insider Buying and Selling

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 60,200 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total transaction of $4,533,060.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold a total of 400,000 shares of company stock valued at $30,725,122 in the last ninety days. Corporate insiders own 2.97% of the company’s stock.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.