Interactive Brokers Group, Inc. $IBKR Stock Position Lessened by Comerica Bank

Comerica Bank decreased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 10.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 85,821 shares of the financial services provider’s stock after selling 9,507 shares during the quarter. Comerica Bank’s holdings in Interactive Brokers Group were worth $5,519,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of IBKR. Vanguard Group Inc. boosted its stake in Interactive Brokers Group by 26.4% during the third quarter. Vanguard Group Inc. now owns 52,859,085 shares of the financial services provider’s stock valued at $3,637,234,000 after buying an additional 11,048,679 shares in the last quarter. Orbis Allan Gray Ltd boosted its stake in Interactive Brokers Group by 178.8% during the second quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock valued at $539,697,000 after buying an additional 6,246,715 shares in the last quarter. Bank of America Corp DE boosted its stake in Interactive Brokers Group by 225.4% during the second quarter. Bank of America Corp DE now owns 7,594,906 shares of the financial services provider’s stock valued at $420,834,000 after buying an additional 5,260,923 shares in the last quarter. State Street Corp boosted its stake in Interactive Brokers Group by 23.2% during the third quarter. State Street Corp now owns 18,648,758 shares of the financial services provider’s stock valued at $1,283,221,000 after buying an additional 3,517,729 shares in the last quarter. Finally, TD Asset Management Inc boosted its stake in Interactive Brokers Group by 2,098.6% during the third quarter. TD Asset Management Inc now owns 2,300,711 shares of the financial services provider’s stock valued at $158,312,000 after buying an additional 2,196,067 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

IBKR has been the subject of several research reports. Jefferies Financial Group decreased their target price on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Piper Sandler raised their target price on Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Barclays raised their target price on Interactive Brokers Group from $85.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Finally, The Goldman Sachs Group set a $98.00 target price on Interactive Brokers Group in a research note on Friday. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and an average price target of $83.25.

Interactive Brokers Group Stock Up 1.2%

Shares of NASDAQ IBKR opened at $80.46 on Friday. Interactive Brokers Group, Inc. has a 12 month low of $43.78 and a 12 month high of $82.88. The company has a market cap of $136.49 billion, a price-to-earnings ratio of 34.68, a P/E/G ratio of 2.20 and a beta of 1.32. The business has a fifty day simple moving average of $71.46 and a 200-day simple moving average of $69.92.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the prior year, the business posted $1.94 earnings per share. Interactive Brokers Group’s revenue was up 17.0% compared to the same quarter last year. As a group, sell-side analysts expect that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.0875 per share. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, June 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 13.79%.

Insider Activity at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 26,000 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the completion of the sale, the director directly owned 173,482 shares of the company’s stock, valued at $13,345,970.26. This represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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.