Amalgamated Bank Has $7.20 Million Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Amalgamated Bank decreased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 22.4% in the 3rd quarter, HoldingsChannel reports. 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 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Tortoise Investment Management LLC increased its stake 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 valued at $31,000 after acquiring an additional 111 shares during the last quarter. Fairfield Financial Advisors LTD acquired a new position in shares of Interactive Brokers Group during the 2nd quarter worth $32,000. UMB Bank n.a. lifted its position in shares of Interactive Brokers Group by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after buying an additional 224 shares during the last quarter. DT Investment Partners LLC boosted its stake in Interactive Brokers Group by 60.1% in the third quarter. DT Investment Partners LLC now owns 389 shares of the financial services provider’s stock valued at $54,000 after buying an additional 146 shares in the last quarter. Finally, Mendota Financial Group LLC bought a new position in Interactive Brokers Group in the third quarter valued at about $81,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on IBKR. UBS Group upped their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Barclays reduced 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 report 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 research note on Friday, October 4th. Keefe, Bruyette & Woods cut shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $128.00 to $135.00 in a research note on Thursday, July 11th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $163.00 target price on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

Interactive Brokers Group Stock Up 10.8 %

Shares of NASDAQ IBKR opened at $171.69 on Thursday. The firm has a market cap of $72.30 billion, a PE ratio of 26.21, a P/E/G ratio of 1.19 and a beta of 0.79. The company’s fifty day simple moving average is $139.86 and its 200 day simple moving average is $127.86. Interactive Brokers Group, Inc. has a 12-month low of $72.60 and a 12-month high of $173.09.

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

Interactive Brokers Group Announces Dividend

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

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.