Amalgamated Bank Has $11.05 Million Holdings in Interactive Brokers Group, Inc. $IBKR

Amalgamated Bank raised its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 300.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,346 shares of the financial services provider’s stock after purchasing an additional 149,515 shares during the period. Amalgamated Bank’s holdings in Interactive Brokers Group were worth $11,046,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Atria Investments Inc raised its position in Interactive Brokers Group by 219.0% during the second quarter. Atria Investments Inc now owns 95,979 shares of the financial services provider’s stock valued at $5,318,000 after purchasing an additional 65,894 shares in the last quarter. Retirement Systems of Alabama raised its position in Interactive Brokers Group by 301.0% during the second quarter. Retirement Systems of Alabama now owns 1,057,199 shares of the financial services provider’s stock valued at $58,579,000 after purchasing an additional 793,553 shares in the last quarter. Assetmark Inc. raised its stake in Interactive Brokers Group by 369.9% during the second quarter. Assetmark Inc. now owns 3,562 shares of the financial services provider’s stock worth $197,000 after acquiring an additional 2,804 shares in the last quarter. Keybank National Association OH raised its stake in Interactive Brokers Group by 106.4% during the second quarter. Keybank National Association OH now owns 3,747 shares of the financial services provider’s stock worth $208,000 after acquiring an additional 1,932 shares in the last quarter. Finally, Premier Path Wealth Partners LLC raised its stake in Interactive Brokers Group by 300.0% during the second quarter. Premier Path Wealth Partners LLC now owns 5,340 shares of the financial services provider’s stock worth $296,000 after acquiring an additional 4,005 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

IBKR has been the subject of several research analyst reports. Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. Barclays set a $80.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Friday, October 17th. Citigroup boosted their target price on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Piper Sandler set a $80.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Finally, CICC Research initiated coverage on Interactive Brokers Group in a research note on Monday. They set an “outperform” rating and a $78.00 target price for the company. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and an average price target of $72.08.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $68.51 on Friday. The business has a 50 day moving average of $65.99 and a 200-day moving average of $58.24. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $73.35. The company has a market capitalization of $116.20 billion, a P/E ratio of 32.90, a P/E/G ratio of 2.16 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.Interactive Brokers Group’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.61 earnings per share. Equities analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business 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 $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, December 1st. Interactive Brokers Group’s dividend payout ratio is presently 15.38%.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 17,058 shares of the stock in a transaction that occurred on Friday, September 26th. The shares were 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 owned 28,289 shares of the company’s stock, valued at approximately $1,860,850.42. This represents a 37.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lawrence E. Harris sold 6,855 shares of the stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $69.15, for a total transaction of $474,023.25. Following the sale, the director directly owned 209,349 shares of the company’s stock, valued at $14,476,483.35. This represents a 3.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,210,152 shares of company stock worth $77,603,239 over the last three months. Company insiders own 2.97% of the company’s stock.

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.