Mutual of America Capital Management LLC Sells 2,137 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Mutual of America Capital Management LLC lessened its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 63,764 shares of the financial services provider’s stock after selling 2,137 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Interactive Brokers Group were worth $7,123,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IBKR. Contravisory Investment Management Inc. acquired a new position in shares of Interactive Brokers Group during the fourth quarter worth $25,000. Rise Advisors LLC acquired a new position in Interactive Brokers Group in the first quarter valued at $30,000. Rakuten Securities Inc. acquired a new position in Interactive Brokers Group in the fourth quarter valued at $34,000. Principal Securities Inc. acquired a new position in Interactive Brokers Group in the fourth quarter valued at $40,000. Finally, Kapitalo Investimentos Ltda lifted 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 valued at $40,000 after buying an additional 353 shares during the period. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR traded down $0.51 during midday trading on Monday, hitting $123.47. 496,309 shares of the company’s stock were exchanged, compared to its average volume of 1,027,306. The stock has a 50 day moving average price of $123.03 and a 200-day moving average price of $109.00. The company has a market cap of $51.99 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 1.22 and a beta of 0.81. Interactive Brokers Group, Inc. has a 12 month low of $72.60 and a 12 month high of $129.19.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.01. Interactive Brokers Group had a net margin of 7.62% and a return on equity of 4.72%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. On average, analysts anticipate that Interactive Brokers Group, Inc. will post 6.68 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.81%. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, May 31st. Interactive Brokers Group’s dividend payout ratio is presently 17.09%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on IBKR shares. Jefferies Financial Group boosted their target price on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the company a “buy” rating in a report on Monday. Citigroup boosted their target price on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Bank of America lifted their price target on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Barclays lifted their price target on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. Finally, Piper Sandler lifted their price target on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and an average target price of $125.50.

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.