PNC Financial Services Group Inc. Purchases 10,798 Shares of Interactive Brokers Group, Inc. $IBKR

PNC Financial Services Group Inc. increased its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 23.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 57,096 shares of the financial services provider’s stock after purchasing an additional 10,798 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Interactive Brokers Group were worth $3,829,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Reflection Asset Management bought a new position in Interactive Brokers Group in the fourth quarter worth $26,000. IMA Advisory Services Inc. boosted its holdings in shares of Interactive Brokers Group by 64.3% during the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock valued at $29,000 after buying an additional 178 shares in the last quarter. Tobam bought a new stake in shares of Interactive Brokers Group during the 4th quarter valued at $30,000. Entrust Financial LLC purchased a new stake in shares of Interactive Brokers Group in the 4th quarter worth about $31,000. Finally, SHP Wealth Management bought a new position in shares of Interactive Brokers Group in the 4th quarter worth about $31,000. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $92.27 on Tuesday. The business’s fifty day moving average is $90.22 and its 200 day moving average is $79.63. The company has a market capitalization of $156.52 billion, a PE ratio of 36.91, a price-to-earnings-growth ratio of 2.02 and a beta of 1.33. Interactive Brokers Group, Inc. has a fifty-two week low of $58.95 and a fifty-two week high of $97.84.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.80 billion. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%.The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 earnings per share. On average, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 2.64 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Tuesday, September 1st will be given a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio is presently 14.00%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Piper Sandler set a $109.00 price target on shares of Interactive Brokers Group in a research report on Wednesday, July 22nd. Bank of America upped their price objective on shares of Interactive Brokers Group from $83.00 to $106.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Weiss Ratings upgraded shares of Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. Barclays set a $114.00 price objective on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Finally, The Goldman Sachs Group set a $98.00 price objective on Interactive Brokers Group in a research report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $96.89.

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.