Fifth Third Bancorp Raises Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Fifth Third Bancorp lifted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 63.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 27,023 shares of the financial services provider’s stock after buying an additional 10,513 shares during the period. Fifth Third Bancorp’s holdings in Interactive Brokers Group were worth $4,774,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in IBKR. Townsquare Capital LLC increased its stake in Interactive Brokers Group by 1.2% during the third quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider’s stock worth $760,000 after acquiring an additional 67 shares during the last quarter. TD Private Client Wealth LLC increased its position in shares of Interactive Brokers Group by 0.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider’s stock valued at $2,759,000 after purchasing an additional 69 shares during the last quarter. Versant Capital Management Inc raised its holdings in Interactive Brokers Group by 66.4% during the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after buying an additional 71 shares during the period. Koshinski Asset Management Inc. lifted its position in Interactive Brokers Group by 3.7% in the fourth quarter. Koshinski Asset Management Inc. now owns 2,252 shares of the financial services provider’s stock worth $398,000 after buying an additional 81 shares during the last quarter. Finally, Uncommon Cents Investing LLC boosted its stake in Interactive Brokers Group by 0.5% during the fourth quarter. Uncommon Cents Investing LLC now owns 17,120 shares of the financial services provider’s stock worth $3,025,000 after buying an additional 90 shares during the period. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IBKR has been the topic of several recent analyst reports. UBS Group increased their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group raised their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Keefe, Bruyette & Woods boosted their target price on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday, January 13th. Citigroup increased their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Jefferies Financial Group boosted their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $192.25.

Interactive Brokers Group Stock Up 5.0 %

Shares of NASDAQ IBKR opened at $218.99 on Monday. Interactive Brokers Group, Inc. has a twelve month low of $88.22 and a twelve month high of $220.66. The firm has a market cap of $92.53 billion, a PE ratio of 31.02, a price-to-earnings-growth ratio of 1.49 and a beta of 0.87. The business has a fifty day simple moving average of $186.09 and a two-hundred day simple moving average of $153.30.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1,372,590.34 billion. During the same period in the prior year, the firm earned $1.52 earnings per share. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. On average, research analysts expect that Interactive Brokers Group, Inc. will post 7.39 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. Interactive Brokers Group’s dividend payout ratio is presently 14.16%.

Interactive Brokers Group 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.