Fulton Bank N.A. Has $461,000 Holdings in Interactive Brokers Group, Inc. $IBKR

Key Points

• Fulton Bank N.A. increased its stake in Interactive Brokers Group by 211.2% in the second quarter, acquiring an additional 5,649 shares, bringing its total holdings to 8,324 shares worth approximately $461,000.
• Several analysts have recently raised their price targets for Interactive Brokers Group, with Barclays setting a new target at $73.00 and Piper Sandler at $65.00, both maintaining an "overweight" rating.
• The company recently announced a quarterly dividend of $0.08, representing a 0.5% annual yield, with a payout ratio of 16.49%.

Fulton Bank N.A. boosted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 211.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,324 shares of the financial services provider's stock after acquiring an additional 5,649 shares during the quarter. Fulton Bank N.A.'s holdings in Interactive Brokers Group were worth $461,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Interactive Brokers Group by 50.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,046 shares of the financial services provider's stock worth $186,000 after purchasing an additional 350 shares during the period. Quantinno Capital Management LP raised its holdings in Interactive Brokers Group by 13.4% during the fourth quarter. Quantinno Capital Management LP now owns 3,591 shares of the financial services provider's stock valued at $634,000 after acquiring an additional 424 shares during the period. ProShare Advisors LLC lifted its position in shares of Interactive Brokers Group by 7.4% in the fourth quarter. ProShare Advisors LLC now owns 5,094 shares of the financial services provider's stock valued at $900,000 after acquiring an additional 350 shares in the last quarter. Vident Advisory LLC lifted its position in shares of Interactive Brokers Group by 108.6% in the fourth quarter. Vident Advisory LLC now owns 3,741 shares of the financial services provider's stock valued at $661,000 after acquiring an additional 1,948 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Interactive Brokers Group by 17.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 306,854 shares of the financial services provider's stock valued at $54,212,000 after acquiring an additional 44,654 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 116,861 shares of the firm's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $64.73, for a total value of $7,564,412.53. Following the transaction, the chief financial officer owned 158,954 shares of the company's stock, valued at $10,289,092.42. This trade represents a 42.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the completion of the transaction, the insider directly owned 461,500 shares in the company, valued at $31,146,635. This represents a 29.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,075,018 shares of company stock worth $68,746,758 in the last three months. 2.97% of the stock is currently owned by corporate insiders.

Interactive Brokers Group Trading Up 1.1%

Shares of Interactive Brokers Group stock traded up $0.72 during trading hours on Tuesday, reaching $64.94. 2,685,154 shares of the company's stock were exchanged, compared to its average volume of 7,432,589. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $68.07. The firm has a market capitalization of $110.15 billion, a price-to-earnings ratio of 33.33, a price-to-earnings-growth ratio of 2.65 and a beta of 1.23. The company has a fifty day moving average of $63.37 and a 200-day moving average of $53.14.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.05. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period last year, the company posted $1.76 EPS. The business's quarterly revenue was up 14.7% on a year-over-year basis. On average, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, September 1st were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group's dividend payout ratio (DPR) is presently 16.49%.

Wall Street Analyst Weigh In

Several research firms recently commented on IBKR. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Citigroup lifted their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Barclays upped their price target on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Finally, Piper Sandler increased their target price on Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $59.38.

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.