PNC Financial Services Group Inc. Boosts Holdings in Interactive Brokers Group, Inc. $IBKR

PNC Financial Services Group Inc. increased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 28.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 43,779 shares of the financial services provider’s stock after acquiring an additional 9,651 shares during the period. PNC Financial Services Group Inc.’s holdings in Interactive Brokers Group were worth $3,012,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. AQR Capital Management LLC grew its holdings in shares of Interactive Brokers Group by 24.7% during the 1st quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider’s stock worth $2,269,000 after acquiring an additional 2,713 shares during the period. CWM LLC boosted its position in shares of Interactive Brokers Group by 308.5% during the second quarter. CWM LLC now owns 4,338 shares of the financial services provider’s stock valued at $240,000 after purchasing an additional 3,276 shares in the last quarter. Stephens Inc. AR boosted its position in shares of Interactive Brokers Group by 216.0% during the second quarter. Stephens Inc. AR now owns 6,120 shares of the financial services provider’s stock valued at $339,000 after purchasing an additional 4,183 shares in the last quarter. Whittier Trust Co. grew its stake in Interactive Brokers Group by 507.6% in the second quarter. Whittier Trust Co. now owns 1,920 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 1,604 shares during the period. Finally, Cullen Frost Bankers Inc. raised its holdings in Interactive Brokers Group by 265.0% in the second quarter. Cullen Frost Bankers Inc. now owns 1,427 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 1,036 shares in the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 60,200 shares of the business’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total value of $4,533,060.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders sold 400,000 shares of company stock valued at $30,725,122. 2.97% of the stock is currently owned by company insiders.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $74.39 on Friday. The firm has a market cap of $126.18 billion, a P/E ratio of 33.58, a P/E/G ratio of 2.08 and a beta of 1.24. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $79.18. The firm has a 50-day simple moving average of $71.17 and a two-hundred day simple moving average of $67.73.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.15. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 earnings per share. On average, equities research analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.48%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on IBKR shares. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. CICC Research began coverage on shares of Interactive Brokers Group in a research note on Monday, October 27th. They set an “outperform” rating and a $78.00 price objective on the stock. Barclays set a $83.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Finally, BMO Capital Markets boosted their price target on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $76.39.

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.