Fifth Third Bancorp Has $21.35 Million Position in Interactive Brokers Group, Inc. $IBKR

Fifth Third Bancorp raised its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 67.2% in the 1st quarter, HoldingsChannel reports. The fund owned 318,274 shares of the financial services provider’s stock after acquiring an additional 127,903 shares during the period. Fifth Third Bancorp’s holdings in Interactive Brokers Group were worth $21,347,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Reflection Asset Management bought a new position in Interactive Brokers Group during the 4th quarter worth $26,000. IMA Advisory Services Inc. grew its position in shares of Interactive Brokers Group by 64.3% in the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock valued at $29,000 after buying an additional 178 shares during the last quarter. Tobam bought a new stake in shares of Interactive Brokers Group in the 4th quarter valued at about $30,000. Entrust Financial LLC acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $31,000. Finally, SHP Wealth Management bought a new position in shares of Interactive Brokers Group during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Down 0.6%

NASDAQ IBKR opened at $93.56 on Tuesday. Interactive Brokers Group, Inc. has a 52 week low of $58.18 and a 52 week high of $97.84. The business has a 50 day moving average price of $88.70 and a 200-day moving average price of $77.78. The company has a market cap of $158.71 billion, a price-to-earnings ratio of 40.33, a P/E/G ratio of 2.60 and a beta of 1.33.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period last year, the firm earned $1.94 earnings per share. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. On average, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, June 1st were paid a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, June 1st. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.09%.

Wall Street Analysts Forecast Growth

IBKR has been the subject of several analyst reports. The Goldman Sachs Group set a $98.00 price target on shares of Interactive Brokers Group in a report on Friday, May 1st. Keefe, Bruyette & Woods initiated coverage on shares of Interactive Brokers Group in a research report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 price objective for the company. Weiss Ratings downgraded shares of Interactive Brokers Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 29th. BMO Capital Markets boosted their target price on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Finally, Jefferies Financial Group cut their price target on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $90.25.

Insider Activity

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the transaction, the director owned 173,482 shares of the company’s stock, valued at approximately $13,345,970.26. The trade was a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.80% of the stock is currently owned by corporate insiders.

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.