Principal Financial Group Inc. Sells 53,510 Shares of International Bancshares Co. (NASDAQ:IBOC)

Principal Financial Group Inc. decreased its position in International Bancshares Co. (NASDAQ:IBOC - Free Report) by 26.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,893 shares of the bank's stock after selling 53,510 shares during the quarter. Principal Financial Group Inc. owned 0.24% of International Bancshares worth $8,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its position in International Bancshares by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 6,531,395 shares of the bank's stock worth $366,673,000 after acquiring an additional 152,165 shares during the last quarter. Boston Trust Walden Corp grew its holdings in shares of International Bancshares by 1.3% in the second quarter. Boston Trust Walden Corp now owns 1,476,460 shares of the bank's stock worth $84,468,000 after purchasing an additional 18,362 shares during the last quarter. American Century Companies Inc. increased its stake in shares of International Bancshares by 21.6% in the second quarter. American Century Companies Inc. now owns 993,128 shares of the bank's stock worth $56,817,000 after buying an additional 176,334 shares during the period. Bank of New York Mellon Corp raised its holdings in International Bancshares by 2.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 716,499 shares of the bank's stock valued at $40,991,000 after buying an additional 18,852 shares during the last quarter. Finally, Reinhart Partners LLC. raised its holdings in International Bancshares by 5.6% during the 3rd quarter. Reinhart Partners LLC. now owns 682,144 shares of the bank's stock valued at $40,785,000 after buying an additional 36,284 shares during the last quarter. 65.91% of the stock is currently owned by institutional investors.

Insider Activity at International Bancshares

In other International Bancshares news, CEO Dennis E. Nixon sold 34,815 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $72.18, for a total value of $2,512,946.70. Following the completion of the sale, the chief executive officer now owns 965,185 shares in the company, valued at approximately $69,667,053.30. This trade represents a 3.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 13.93% of the stock is owned by company insiders.

International Bancshares Trading Down 0.4 %

International Bancshares stock traded down $0.28 during trading hours on Tuesday, reaching $70.54. The stock had a trading volume of 33,584 shares, compared to its average volume of 221,332. The stock has a market cap of $4.39 billion, a PE ratio of 10.97 and a beta of 0.87. The company has a fifty day simple moving average of $63.01 and a 200-day simple moving average of $60.79. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72. International Bancshares Co. has a 52 week low of $44.24 and a 52 week high of $73.82.

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.