Principal Financial Group Inc. Has $8.96 Million Holdings in International Bancshares Co. (NASDAQ:IBOC)

Principal Financial Group Inc. decreased its position in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 26.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 149,893 shares of the bank's stock after selling 53,510 shares during the quarter. Principal Financial Group Inc. owned approximately 0.24% of International Bancshares worth $8,962,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of International Bancshares by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,352,406 shares of the bank's stock valued at $80,874,000 after purchasing an additional 9,986 shares during the last quarter. Barclays PLC boosted its stake in International Bancshares by 86.6% in the third quarter. Barclays PLC now owns 111,823 shares of the bank's stock valued at $6,686,000 after acquiring an additional 51,887 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in International Bancshares during the 3rd quarter worth $583,000. Dorsey Wright & Associates bought a new stake in shares of International Bancshares during the 3rd quarter valued at $257,000. Finally, Jane Street Group LLC lifted its stake in shares of International Bancshares by 10.6% in the 3rd quarter. Jane Street Group LLC now owns 71,055 shares of the bank's stock valued at $4,248,000 after purchasing an additional 6,805 shares during the period. Institutional investors and hedge funds own 65.91% of the company's stock.

Insider Buying and Selling

In other International Bancshares news, CEO Dennis E. Nixon sold 34,815 shares of International Bancshares stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $72.18, for a total transaction of $2,512,946.70. Following the transaction, the chief executive officer now directly owns 965,185 shares in the company, valued at approximately $69,667,053.30. The trade was a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 13.93% of the stock is owned by insiders.

International Bancshares Trading Down 0.5 %

Shares of International Bancshares stock traded down $0.31 during trading on Tuesday, reaching $63.16. 200,715 shares of the company were exchanged, compared to its average volume of 228,767. The business has a 50-day moving average price of $68.15 and a 200-day moving average price of $63.30. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 9.82 and a beta of 0.90. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. International Bancshares Co. has a twelve month low of $48.85 and a twelve month high of $76.91.

International Bancshares Profile

International Bancshares Corporation, a financial holding company, provides commercial and retail banking services in Texas and the State of Oklahoma. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans.