Truist Financial Corp lifted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating) by 19.8% in the first quarter, Holdings Channel reports. The institutional investor owned 63,799 shares of the financial services provider’s stock after acquiring an additional 10,563 shares during the period. Truist Financial Corp’s holdings in Interactive Brokers Group were worth $4,205,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the business. First Horizon Advisors Inc. boosted its holdings in Interactive Brokers Group by 112.7% in the 4th quarter. First Horizon Advisors Inc. now owns 336 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 178 shares during the period. Fifth Third Bancorp boosted its stake in shares of Interactive Brokers Group by 72.4% in the fourth quarter. Fifth Third Bancorp now owns 381 shares of the financial services provider’s stock valued at $30,000 after buying an additional 160 shares during the period. Westpac Banking Corp acquired a new stake in Interactive Brokers Group during the fourth quarter worth approximately $30,000. First Quadrant LLC CA acquired a new stake in Interactive Brokers Group during the first quarter worth approximately $40,000. Finally, JFS Wealth Advisors LLC bought a new position in Interactive Brokers Group during the 4th quarter worth $41,000. Institutional investors own 20.49% of the company’s stock.
Insiders Place Their Bets
In other news, Chairman Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $52.95, for a total transaction of $1,059,000.00. Following the sale, the chairman now directly owns 2,707,511 shares of the company’s stock, valued at $143,362,707.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 560,000 shares of company stock valued at $32,404,000 in the last 90 days. Corporate insiders own 5.72% of the company’s stock.
Interactive Brokers Group Stock Up 2.7 %
NASDAQ:IBKR opened at $54.81 on Friday. Interactive Brokers Group, Inc. has a twelve month low of $52.18 and a twelve month high of $82.83. The stock’s 50-day simple moving average is $56.70 and its 200 day simple moving average is $63.85. The firm has a market capitalization of $22.92 billion, a PE ratio of 19.30, a price-to-earnings-growth ratio of 0.73 and a beta of 0.80.
Interactive Brokers Group (NASDAQ:IBKR – Get Rating) last posted its quarterly earnings results on Tuesday, April 19th. The financial services provider reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.01). The company had revenue of $645.00 million during the quarter, compared to analyst estimates of $703.34 million. Interactive Brokers Group had a net margin of 10.32% and a return on equity of 3.09%. The company’s revenue for the quarter was down 27.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.98 earnings per share. On average, analysts anticipate that Interactive Brokers Group, Inc. will post 3.8 EPS for the current fiscal year.
Interactive Brokers Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 14th. Investors of record on Wednesday, June 1st were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Tuesday, May 31st. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.08%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on IBKR. Compass Point cut their target price on Interactive Brokers Group to $85.00 in a research report on Friday, June 3rd. The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Tuesday, April 26th. Bank of America boosted their target price on shares of Interactive Brokers Group from $111.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, April 20th. Finally, StockNews.com lowered shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Thursday, May 26th.
Interactive Brokers Group Company Profile
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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