Fifth Third Bancorp Acquires 10,513 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

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

Other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in shares of Interactive Brokers Group by 10.1% in the second quarter. Dimensional Fund Advisors LP now owns 301,688 shares of the financial services provider’s stock worth $36,988,000 after acquiring an additional 27,621 shares during the period. AQR Capital Management LLC bought a new stake in Interactive Brokers Group in the 2nd quarter worth approximately $250,000. Dark Forest Capital Management LP bought a new position in shares of Interactive Brokers Group during the 2nd quarter valued at $273,000. SkyView Investment Advisors LLC grew its stake in shares of Interactive Brokers Group by 6.1% during the 2nd quarter. SkyView Investment Advisors LLC now owns 36,511 shares of the financial services provider’s stock valued at $4,476,000 after purchasing an additional 2,097 shares during the period. Finally, Nemes Rush Group LLC grew its position in Interactive Brokers Group by 181.8% during the second quarter. Nemes Rush Group LLC now owns 1,037 shares of the financial services provider’s stock valued at $127,000 after buying an additional 669 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

IBKR stock opened at $218.99 on Monday. The company’s fifty day moving average price is $186.09 and its 200-day moving average price is $153.30. Interactive Brokers Group, Inc. has a one year low of $88.22 and a one year high of $220.66. The company has a market capitalization 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.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $1.81 by $0.22. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1,372,590.34 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.52 EPS. On average, research analysts predict that Interactive Brokers Group, Inc. will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

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

Analyst Ratings Changes

IBKR has been the topic of several analyst reports. Piper Sandler reiterated an “overweight” rating and set a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. UBS Group raised their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Barclays upped their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Citigroup raised their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, January 10th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.25.

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.