Mutual of America Capital Management LLC Reduces Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Mutual of America Capital Management LLC cut its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,820 shares of the financial services provider’s stock after selling 2,506 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Interactive Brokers Group were worth $8,197,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC lifted its holdings in shares of Interactive Brokers Group by 3.7% in the third quarter. Prime Capital Investment Advisors LLC now owns 2,746 shares of the financial services provider’s stock worth $383,000 after buying an additional 97 shares in the last quarter. Boston Financial Mangement LLC lifted its holdings in shares of Interactive Brokers Group by 5.4% in the third quarter. Boston Financial Mangement LLC now owns 1,955 shares of the financial services provider’s stock worth $272,000 after buying an additional 100 shares in the last quarter. First Citizens Bank & Trust Co. lifted its holdings in shares of Interactive Brokers Group by 5.6% in the third quarter. First Citizens Bank & Trust Co. now owns 2,007 shares of the financial services provider’s stock worth $280,000 after buying an additional 107 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Interactive Brokers Group by 3.6% in the third quarter. CIBC Asset Management Inc now owns 3,161 shares of the financial services provider’s stock worth $441,000 after buying an additional 110 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted 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 buying an additional 111 shares in the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $182.61 on Tuesday. Interactive Brokers Group, Inc. has a one year low of $72.60 and a one year high of $183.01. The firm’s 50 day simple moving average is $148.86 and its two-hundred day simple moving average is $131.67. The stock has a market capitalization of $76.89 billion, a P/E ratio of 27.88, a PEG ratio of 1.41 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the business earned $1.55 earnings per share. As a group, equities analysts expect that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Interactive Brokers Group Company 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.