Mutual of America Capital Management LLC Sells 2,438 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Mutual of America Capital Management LLC lowered its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Tortoise Investment Management LLC boosted its holdings in 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 acquiring an additional 111 shares in the last quarter. Fairfield Financial Advisors LTD acquired a new stake in Interactive Brokers Group in the second quarter worth about $32,000. Rise Advisors LLC acquired a new stake in Interactive Brokers Group in the first quarter worth about $30,000. Principal Securities Inc. acquired a new stake in Interactive Brokers Group in the fourth quarter worth about $40,000. Finally, Kapitalo Investimentos Ltda boosted its holdings in Interactive Brokers Group by 278.0% in the fourth quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 353 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on IBKR shares. Barclays raised their price target on Interactive Brokers Group from $145.00 to $147.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. UBS Group raised their price target on Interactive Brokers Group from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Jefferies Financial Group lifted their target price 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, Keefe, Bruyette & Woods downgraded Interactive Brokers Group from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $128.00 to $135.00 in a report on Thursday, July 11th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $133.44.

Interactive Brokers Group Trading Up 1.7 %

Shares of NASDAQ:IBKR opened at $132.45 on Friday. Interactive Brokers Group, Inc. has a 12-month low of $72.60 and a 12-month high of $133.42. The business has a 50 day moving average of $121.83 and a two-hundred day moving average of $119.20. The company has a market capitalization of $55.77 billion, a PE ratio of 22.64, a PEG ratio of 1.10 and a beta of 0.80.

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, beating the consensus estimate of $1.74 by $0.02. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. The firm’s revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the business earned $1.32 earnings per share. Equities research analysts predict that Interactive Brokers Group, Inc. will post 6.81 earnings per share 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. Investors of record on Friday, August 30th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.00 annualized dividend and a yield of 0.76%. Interactive Brokers Group’s dividend payout ratio is presently 17.09%.

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.