Amalgamated Bank cut its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating) by 4.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,991 shares of the financial services provider's stock after selling 2,262 shares during the period. Amalgamated Bank's holdings in Interactive Brokers Group were worth $3,493,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Steward Partners Investment Advisory LLC boosted its stake in Interactive Brokers Group by 692.5% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 420 shares of the financial services provider's stock valued at $28,000 after buying an additional 367 shares in the last quarter. First Quadrant LLC CA acquired a new stake in Interactive Brokers Group in the 1st quarter valued at $40,000. Quent Capital LLC boosted its stake in Interactive Brokers Group by 104.0% in the 1st quarter. Quent Capital LLC now owns 718 shares of the financial services provider's stock valued at $47,000 after buying an additional 366 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in Interactive Brokers Group in the 4th quarter valued at $59,000. Finally, KBC Group NV acquired a new stake in Interactive Brokers Group in the 1st quarter valued at $60,000. 97.04% of the stock is currently owned by institutional investors.
Get Interactive Brokers Group alerts:Analysts Set New Price Targets
Several brokerages recently commented on IBKR. Compass Point decreased their price target on Interactive Brokers Group to $85.00 in a research note on Friday, June 3rd. Barclays assumed coverage on Interactive Brokers Group in a research note on Wednesday, August 31st. They issued an "overweight" rating and a $77.00 price objective on the stock. Finally, StockNews.com raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Tuesday, July 19th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $91.80.
Interactive Brokers Group Stock Down 1.4 %
Shares of IBKR opened at $65.98 on Friday. Interactive Brokers Group, Inc. has a 12-month low of $52.18 and a 12-month high of $82.83. The firm has a market capitalization of $27.59 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 1.04 and a beta of 0.76. The stock's fifty day simple moving average is $62.44 and its 200-day simple moving average is $60.90.Interactive Brokers Group (NASDAQ:IBKR – Get Rating) last released its quarterly earnings data on Tuesday, July 19th. The financial services provider reported $0.84 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.07). Interactive Brokers Group had a net margin of 9.64% and a return on equity of 3.13%. The company had revenue of $656.00 million during the quarter, compared to the consensus estimate of $745.46 million. During the same quarter in the prior year, the company posted $0.82 EPS. The company's revenue for the quarter was down 13.0% compared to the same quarter last year. Analysts anticipate that Interactive Brokers Group, Inc. will post 3.76 EPS for the current year.
Interactive Brokers Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 14th. Investors of record on Thursday, September 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.40 annualized dividend and a yield of 0.61%. Interactive Brokers Group's dividend payout ratio (DPR) is presently 15.63%.
Insider Activity
In other news, Chairman Thomas Peterffy sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 29th. The stock was sold at an average price of $56.98, for a total value of $1,139,600.00. Following the completion of the sale, the chairman now directly owns 2,007,511 shares of the company's stock, valued at $114,387,976.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 280,000 shares of company stock valued at $15,724,400 over the last three months. Insiders own 5.72% of the company's stock.
About Interactive Brokers Group
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Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in executing, clearing, and settling trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.
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