Interactive Brokers Group, Inc. $IBKR Stock Holdings Lifted by Fifth Third Bancorp

Fifth Third Bancorp lifted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 12.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,007 shares of the financial services provider’s stock after acquiring an additional 18,574 shares during the quarter. Fifth Third Bancorp’s holdings in Interactive Brokers Group were worth $11,217,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of IBKR. Murphy & Mullick Capital Management Corp acquired a new position in shares of Interactive Brokers Group in the 3rd quarter valued at $27,000. Huntington National Bank raised its holdings in Interactive Brokers Group by 51.8% during the 2nd quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after buying an additional 176 shares during the period. LFA Lugano Financial Advisors SA purchased a new stake in Interactive Brokers Group during the second quarter valued at about $32,000. N.E.W. Advisory Services LLC boosted its holdings in shares of Interactive Brokers Group by 300.0% in the second quarter. N.E.W. Advisory Services LLC now owns 632 shares of the financial services provider’s stock worth $35,000 after buying an additional 474 shares during the period. Finally, First Horizon Advisors Inc. increased its position in shares of Interactive Brokers Group by 1,051.5% in the second quarter. First Horizon Advisors Inc. now owns 760 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 694 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on IBKR shares. BMO Capital Markets upped their price target on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Barclays set a $83.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. CICC Research began coverage on Interactive Brokers Group in a report on Monday, October 27th. They set an “outperform” rating and a $78.00 price target on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Interactive Brokers Group has an average rating of “Buy” and an average price target of $76.39.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 60,200 shares of Interactive Brokers Group stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total value of $4,533,060.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 400,000 shares of company stock valued at $30,725,122. Insiders own 2.97% of the company’s stock.

Interactive Brokers Group Stock Down 2.0%

Interactive Brokers Group stock opened at $73.29 on Wednesday. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $79.18. The stock has a market cap of $124.31 billion, a P/E ratio of 33.09, a P/E/G ratio of 2.09 and a beta of 1.24. The company’s fifty day simple moving average is $70.64 and its 200-day simple moving average is $67.54.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.15. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the firm earned $0.51 earnings per share. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, February 27th. Interactive Brokers Group’s payout ratio is currently 14.48%.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.