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

Amalgamated Bank lessened its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 22.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,639 shares of the financial services provider's stock after selling 14,919 shares during the period. Amalgamated Bank's holdings in Interactive Brokers Group were worth $7,196,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in IBKR. BNP Paribas Financial Markets boosted its stake in shares of Interactive Brokers Group by 30.3% in the 1st quarter. BNP Paribas Financial Markets now owns 57,877 shares of the financial services provider's stock valued at $6,465,000 after purchasing an additional 13,444 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Interactive Brokers Group in the first quarter valued at about $796,000. Texas Permanent School Fund Corp raised its holdings in shares of Interactive Brokers Group by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 93,658 shares of the financial services provider's stock valued at $10,463,000 after buying an additional 1,212 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Interactive Brokers Group by 17.8% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 11,155 shares of the financial services provider's stock valued at $1,246,000 after buying an additional 1,682 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in shares of Interactive Brokers Group by 54.8% in the first quarter. Quantbot Technologies LP now owns 17,623 shares of the financial services provider's stock valued at $1,969,000 after buying an additional 6,236 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock traded down $5.02 during trading on Thursday, hitting $166.67. 1,162,932 shares of the company were exchanged, compared to its average volume of 1,003,410. The firm has a market capitalization of $70.18 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, Inc. has a 1-year low of $72.60 and a 1-year high of $173.09. The firm's fifty day moving average price is $140.77 and its 200 day moving average price is $128.16.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted 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). Interactive Brokers Group had a return on equity of 4.82% and a net margin of 7.89%. The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the firm posted $1.55 earnings per share. As a group, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 6.9 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 annualized dividend and a dividend yield of 0.60%. Interactive Brokers Group's dividend payout ratio is presently 15.27%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Jefferies Financial Group lifted their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the company a "buy" rating in a report on Friday, October 4th. Barclays cut their price target on Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating for the company in a report on Wednesday, October 16th. Piper Sandler reissued an "overweight" rating and set a $163.00 price objective on shares of Interactive Brokers Group in a report on Wednesday, October 16th. UBS Group boosted their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods cut 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 report on Thursday, July 11th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $143.00.

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.