Truist Financial Corp raised 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 after acquiring an additional 10,563 shares during the period. Truist Financial Corp’s holdings in Interactive Brokers Group were worth $4,205,000 when it last filed with the SEC.

A number of other institutional investors have also recently changed their stakes in the company. First Horizon Advisors Inc. increased 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 worth $26,000 after purchasing an additional 178 shares during the period. Fifth Third Bancorp increased 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 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 for a value of approximately $40,000. Finally, JFS Wealth Advisors LLC bought a new position in Interactive Brokers Group during Q4 worth $41,000. Institutional investors hold 20.49% of the company’s shares.

Insiders place their bets

In other news, Chairman Thomas Peterffy sold 20,000 shares of Interactive Brokers Group in a trade dated Monday, May 9. The stock was sold at an average price of $52.95, for a total transaction of $1,059,000.00. Following the sale, the president now directly owns 2,707,511 shares of the company, valued at $143,362,707.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. Insiders sold a total of 560,000 shares of the company worth $32,404,000 in the past 90 days. Company insiders hold 5.72% of the company’s shares.

Interactive Brokers Group shares up 2.7%

NASDAQ: IBKR opened at $54.81 on Friday. Interactive Brokers Group, Inc. has a 12-month low of $52.18 and a 12-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 company has a market capitalization of $22.92 billion, a PE ratio of 19.30, a growth price-earnings ratio of 0.73 and a beta of 0.80.

Interactive Brokers Group (NASDAQ:IBKR – Get Rating) last released its quarterly results on Tuesday, April 19. The financial services provider reported earnings per share of $0.82 for the quarter, missing analyst consensus estimates of $0.83 per ($0.01). The company posted revenue of $645.00 million in the quarter, compared to analyst estimates of $703.34 million. Interactive Brokers Group achieved 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% year over year. In the same quarter a year earlier, the company posted earnings of $0.98 per share. On average, analysts expect Interactive Brokers Group, Inc. to post EPS of 3.8 for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 14. Investors of record on Wednesday, June 1 received a dividend of $0.10 per share. This represents an annualized dividend of $0.40 and a dividend yield of 0.73%. The ex-dividend date was Tuesday, May 31. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.08%.

Analyst upgrades and downgrades

A number of research companies have weighed in on IBKR recently. Compass Point reduced its target price on Interactive Brokers Group to $85.00 in a Friday, June 3 research report. Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and set a price target of $90.00 on the stock in a Tuesday 26 research note. april. Bank of America raised its price target on shares of Interactive Brokers Group from $111.00 to $117.00 and gave the company a “buy” rating in a Wednesday, April 20 research report. Finally, StockNews.com downgraded shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a Thursday, May 26 research report.

Interactive Brokers Group Company Profile

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Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in the execution, clearing and settlement of transactions in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange-traded funds (ETFs), metals and cryptocurrencies. It also provides custody and account services for hedge funds and mutual funds, ETFs, registered investment advisers, proprietary trading groups, introducing brokers and individual investors.

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Want to see what other hedge funds own IBKR? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating).

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