Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 22.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 51,639 shares of the financial services provider’s stock after selling 14,919 shares during the quarter. Amalgamated Bank’s holdings in Interactive Brokers Group were worth $7,196,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in IBKR. Boston Financial Mangement LLC grew its holdings in shares of Interactive Brokers Group by 5.4% during the third quarter. Boston Financial Mangement LLC now owns 1,955 shares of the financial services provider’s stock valued at $272,000 after buying an additional 100 shares in the last quarter. First Citizens Bank & Trust Co. grew its stake in Interactive Brokers Group by 5.6% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,007 shares of the financial services provider’s stock valued at $280,000 after buying an additional 107 shares during the last quarter. Tortoise Investment Management LLC increased its stake 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 purchasing an additional 111 shares during the period. Signaturefd LLC lifted its holdings in shares of Interactive Brokers Group by 9.5% during the third quarter. Signaturefd LLC now owns 1,359 shares of the financial services provider’s stock worth $189,000 after buying an additional 118 shares during the last quarter. Finally, Insight Wealth Strategies LLC grew its position in Interactive Brokers Group by 0.7% in the 3rd quarter. Insight Wealth Strategies LLC now owns 18,686 shares of the financial services provider’s stock worth $2,604,000 after purchasing an additional 125 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Up 10.8 %

NASDAQ IBKR opened at $171.69 on Thursday. The firm’s fifty day moving average price is $139.86 and its two-hundred day moving average price is $127.86. Interactive Brokers Group, Inc. has a 1 year low of $72.60 and a 1 year high of $173.09. The firm has a market capitalization of $72.30 billion, a P/E ratio of 26.21, a price-to-earnings-growth ratio of 1.19 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.82%. During the same quarter last year, the business posted $1.55 earnings per share. On average, research analysts anticipate that Interactive Brokers Group, Inc. will post 6.9 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 15.27%.

Wall Street Analysts Forecast Growth

IBKR has been the topic of a number of recent research reports. Barclays decreased their price target 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. Jefferies Financial Group raised their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. Keefe, Bruyette & Woods cut shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $128.00 to $135.00 in a research note on Thursday, July 11th. UBS Group upped their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Piper Sandler restated an “overweight” rating and issued a $163.00 price target on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. One investment analyst has 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 has an average rating of “Moderate Buy” and an average target price of $143.00.

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.