Fifth Third Bancorp Grows Position in Interactive Brokers Group, Inc. $IBKR

Key Points

• Fifth Third Bancorp increased its stake in Interactive Brokers by 16.8% in Q4 to 190,371 shares (an additional 27,364 shares), valuing its holding at about $12.24 million.
• Other large institutions have also grown positions—Vanguard now owns ~52.86 million shares (~$3.64 billion) and State Street ~18.65 million—leaving roughly 23.8% of IBKR owned by hedge funds and institutional investors.
• Fundamentals: IBKR beat quarterly EPS ($0.60 vs. $0.57), reported 17% revenue growth year‑over‑year, raised its quarterly dividend to $0.0875 (annualized $0.35, 0.4% yield), and carries an average analyst target near $83.25.

Fifth Third Bancorp boosted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 16.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 190,371 shares of the financial services provider's stock after buying an additional 27,364 shares during the quarter. Fifth Third Bancorp's holdings in Interactive Brokers Group were worth $12,243,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Interactive Brokers Group by 26.4% in the 3rd quarter. Vanguard Group Inc. now owns 52,859,085 shares of the financial services provider's stock valued at $3,637,234,000 after purchasing an additional 11,048,679 shares during the period. State Street Corp grew its stake in Interactive Brokers Group by 23.2% in the 3rd quarter. State Street Corp now owns 18,648,758 shares of the financial services provider's stock valued at $1,283,221,000 after purchasing an additional 3,517,729 shares during the period. Wellington Management Group LLP grew its stake in Interactive Brokers Group by 17.6% in the 3rd quarter. Wellington Management Group LLP now owns 10,901,171 shares of the financial services provider's stock valued at $750,110,000 after purchasing an additional 1,630,620 shares during the period. Orbis Allan Gray Ltd grew its stake in Interactive Brokers Group by 178.8% in the 2nd quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider's stock valued at $539,697,000 after purchasing an additional 6,246,715 shares during the period. Finally, Bank of America Corp DE grew its stake in Interactive Brokers Group by 225.4% in the 2nd quarter. Bank of America Corp DE now owns 7,594,906 shares of the financial services provider's stock valued at $420,834,000 after purchasing an additional 5,260,923 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the firm's stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the completion of the transaction, the director owned 173,482 shares in the company, valued at $13,345,970.26. This trade represents a 13.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.80% of the stock is currently owned by corporate insiders.

Interactive Brokers Group Stock Performance

IBKR stock opened at $80.46 on Friday. The company has a market capitalization of $136.49 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 2.20 and a beta of 1.32. Interactive Brokers Group, Inc. has a fifty-two week low of $43.78 and a fifty-two week high of $82.88. The stock has a fifty day moving average of $71.46 and a 200-day moving average of $69.92.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The firm's quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.94 EPS. Equities analysts predict that Interactive Brokers Group, Inc. will post 2.46 EPS for the current year.

Interactive Brokers Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, June 1st will be paid a $0.0875 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.35 annualized dividend and a yield of 0.4%. This is an increase from Interactive Brokers Group's previous quarterly dividend of $0.08. Interactive Brokers Group's dividend payout ratio is 13.79%.

Analysts Set New Price Targets

A number of research analysts have issued reports on IBKR shares. The Goldman Sachs Group set a $98.00 price objective on Interactive Brokers Group in a research note on Friday. Piper Sandler upped their price objective on Interactive Brokers Group from $80.00 to $88.00 and gave the company an "overweight" rating in a research note on Wednesday, April 22nd. Keefe, Bruyette & Woods started coverage on Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a "market perform" rating and a $75.00 price objective for the company. Jefferies Financial Group reduced their price objective on Interactive Brokers Group from $91.00 to $81.00 and set a "buy" rating for the company in a research note on Monday, April 6th. Finally, Barclays increased their price target on Interactive Brokers Group from $85.00 to $93.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 22nd. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $83.25.

About Interactive Brokers Group

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.

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