Cullen Frost Bankers Inc. Has $79,000 Stock Position in Interactive Brokers Group, Inc. $IBKR

Cullen Frost Bankers Inc. increased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 265.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,427 shares of the financial services provider’s stock after purchasing an additional 1,036 shares during the period. Cullen Frost Bankers Inc.’s holdings in Interactive Brokers Group were worth $79,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. N.E.W. Advisory Services LLC acquired a new stake in Interactive Brokers Group during the first quarter worth approximately $26,000. Nvwm LLC acquired a new stake in Interactive Brokers Group during the first quarter worth approximately $33,000. ASR Vermogensbeheer N.V. acquired a new stake in Interactive Brokers Group during the first quarter worth approximately $33,000. North Capital Inc. acquired a new stake in Interactive Brokers Group in the first quarter valued at approximately $49,000. Finally, Quarry LP grew its stake in Interactive Brokers Group by 486.3% in the first quarter. Quarry LP now owns 299 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 248 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on IBKR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Tuesday, October 14th. Piper Sandler set a $80.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Barclays set a $80.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Friday, October 17th. BMO Capital Markets raised their price objective on Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Finally, Citigroup raised their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $71.34.

Insider Buying and Selling

In related news, CFO Paul Jonathan Brody sold 17,058 shares of Interactive Brokers Group stock in a transaction on Friday, September 26th. The stock was sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the sale, the chief financial officer directly owned 28,289 shares in the company, valued at approximately $1,860,850.42. This trade represents a 37.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 1,205,683 shares of company stock worth $77,217,965 in the last 90 days. Company insiders own 2.97% of the company’s stock.

Interactive Brokers Group Stock Up 2.4%

Shares of NASDAQ:IBKR opened at $68.75 on Friday. The stock has a market cap of $116.61 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 2.14 and a beta of 1.22. Interactive Brokers Group, Inc. has a 12-month low of $32.82 and a 12-month high of $73.35. The business’s 50 day moving average is $65.49 and its 200 day moving average is $57.50.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.08. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm earned $1.61 earnings per share. As a group, equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, December 1st will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group’s payout ratio is presently 15.38%.

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.