Fifth Third Bancorp Buys 146 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Fifth Third Bancorp lifted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKRGet Rating) by 40.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 509 shares of the financial services provider’s stock after purchasing an additional 146 shares during the period. Fifth Third Bancorp’s holdings in Interactive Brokers Group were worth $33,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. FDx Advisors Inc. increased its stake in shares of Interactive Brokers Group by 0.9% in the second quarter. FDx Advisors Inc. now owns 19,135 shares of the financial services provider’s stock worth $1,053,000 after purchasing an additional 177 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of Interactive Brokers Group by 1.3% in the third quarter. Exchange Traded Concepts LLC now owns 17,125 shares of the financial services provider’s stock worth $1,094,000 after purchasing an additional 227 shares during the period. State of Alaska Department of Revenue grew its position in Interactive Brokers Group by 2.3% during the second quarter. State of Alaska Department of Revenue now owns 12,563 shares of the financial services provider’s stock worth $691,000 after buying an additional 280 shares in the last quarter. First Horizon Advisors Inc. grew its position in Interactive Brokers Group by 185.2% during the second quarter. First Horizon Advisors Inc. now owns 519 shares of the financial services provider’s stock worth $28,000 after buying an additional 337 shares in the last quarter. Finally, CWM LLC grew its position in Interactive Brokers Group by 137.5% during the second quarter. CWM LLC now owns 653 shares of the financial services provider’s stock worth $36,000 after buying an additional 378 shares in the last quarter. 97.84% of the stock is currently owned by institutional investors.

Interactive Brokers Group Trading Up 3.2 %

NASDAQ IBKR opened at $77.21 on Friday. The stock’s 50 day moving average is $75.00 and its two-hundred day moving average is $68.32. The company has a market capitalization of $32.39 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 0.70 and a beta of 0.77. Interactive Brokers Group, Inc. has a 1-year low of $52.18 and a 1-year high of $81.46.

Interactive Brokers Group (NASDAQ:IBKRGet Rating) last announced its earnings results on Tuesday, October 18th. The financial services provider reported $1.08 EPS for the quarter, topping the consensus estimate of $0.99 by $0.09. The business had revenue of $790.00 million for the quarter, compared to the consensus estimate of $792.70 million. Interactive Brokers Group had a return on equity of 3.40% and a net margin of 9.66%. Interactive Brokers Group’s revenue was up 70.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. On average, analysts predict that Interactive Brokers Group, Inc. will post 3.92 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 14th. Stockholders of record on Thursday, December 1st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Wednesday, November 30th. Interactive Brokers Group’s payout ratio is currently 12.90%.

Insider Transactions at Interactive Brokers Group

In other news, Chairman Thomas Peterffy sold 400 shares of the business’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $75.09, for a total value of $30,036.00. Following the transaction, the chairman now directly owns 1,896,105 shares of the company’s stock, valued at approximately $142,378,524.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Chairman Thomas Peterffy sold 400 shares of the business’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $75.09, for a total value of $30,036.00. Following the transaction, the chairman now directly owns 1,896,105 shares of the company’s stock, valued at approximately $142,378,524.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas Aj Frank sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $80.35, for a total transaction of $1,607,000.00. Following the completion of the transaction, the insider now owns 249,847 shares of the company’s stock, valued at approximately $20,075,206.45. The disclosure for this sale can be found here. Insiders have sold 331,900 shares of company stock valued at $25,813,003 in the last three months. 5.72% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Citigroup assumed coverage on Interactive Brokers Group in a research report on Tuesday, October 11th. They set a “buy” rating and a $85.00 target price on the stock. StockNews.com assumed coverage on Interactive Brokers Group in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Barclays decreased their target price on Interactive Brokers Group from $94.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, December 19th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $92.83.

About Interactive Brokers Group

(Get Rating)

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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Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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