Interactive Brokers Group, Inc. $IBKR Shares Acquired by Mutual of America Capital Management LLC

Key Points

• Mutual of America Capital Management LLC significantly increased its ownership in Interactive Brokers Group, Inc. by 286.8%, acquiring 216,743 shares worth approximately $12 million.
• Interactive Brokers Group reported $0.57 earnings per share for the last quarter, surpassing estimates, with revenue growing 21.2% year over year to $1.66 billion.
• The company declared a quarterly dividend of $0.08 per share, set to be paid on December 12, reflecting a 0.5% dividend yield.

Mutual of America Capital Management LLC lifted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 286.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 216,743 shares of the financial services provider's stock after purchasing an additional 160,705 shares during the quarter. Mutual of America Capital Management LLC's holdings in Interactive Brokers Group were worth $12,010,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. N.E.W. Advisory Services LLC bought a new position in Interactive Brokers Group in the 1st quarter worth approximately $26,000. Nvwm LLC bought a new position in Interactive Brokers Group in the 1st quarter worth approximately $33,000. ASR Vermogensbeheer N.V. bought a new position in Interactive Brokers Group in the 1st quarter worth approximately $33,000. North Capital Inc. bought a new position in Interactive Brokers Group in the 1st quarter worth approximately $49,000. Finally, Quarry LP grew its holdings in Interactive Brokers Group by 486.3% in the 1st quarter. Quarry LP now owns 299 shares of the financial services provider's stock worth $50,000 after buying an additional 248 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Down 3.3%

IBKR opened at $66.23 on Monday. The firm has a market cap of $112.34 billion, a PE ratio of 31.80, a P/E/G ratio of 2.66 and a beta of 1.22. The business has a fifty day simple moving average of $65.30 and a 200-day simple moving average of $56.59. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.08. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The company's revenue was up 21.2% compared to the same quarter last year. During the same period last year, the company posted $1.61 EPS. On average, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, December 1st will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, December 1st. Interactive Brokers Group's dividend payout ratio (DPR) is currently 15.38%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Piper Sandler set a $80.00 price objective on Interactive Brokers Group and gave the stock an "overweight" rating in a report on Tuesday, October 14th. Weiss Ratings reissued a "hold (c)" rating on shares of Interactive Brokers Group in a report on Tuesday, October 14th. Barclays set a $80.00 price objective on Interactive Brokers Group and gave the stock an "overweight" rating in a report on Friday. BMO Capital Markets increased their price target on Interactive Brokers Group from $82.00 to $84.00 and gave the company an "outperform" rating in a research note on Friday. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $91.00 price target on shares of Interactive Brokers Group in a research note on Friday. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $71.34.

Insider Activity

In related news, CFO Paul Jonathan Brody sold 17,058 shares of the stock in a transaction on Friday, September 26th. The stock was sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the completion of the sale, the chief financial officer directly owned 28,289 shares in the company, valued at approximately $1,860,850.42. This trade represents a 37.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 1,205,683 shares of company stock worth $77,217,965 in the last ninety days. 2.97% of the stock is currently owned by company insiders.

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.

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