JPMorgan Chase & Co. increased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 0.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 4,017,082 shares of the financial services provider's stock after purchasing an additional 11,379 shares during the period. JPMorgan Chase & Co. owned approximately 0.95% of Interactive Brokers Group worth $559,821,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC grew its position in Interactive Brokers Group by 76.6% in the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 111 shares in the last quarter. Fairfield Financial Advisors LTD purchased a new position in shares of Interactive Brokers Group in the second quarter valued at approximately $32,000. UMB Bank n.a. grew its holdings in shares of Interactive Brokers Group by 350.0% in the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 224 shares in the last quarter. Smithfield Trust Co increased its stake in Interactive Brokers Group by 80.6% during the 3rd quarter. Smithfield Trust Co now owns 345 shares of the financial services provider's stock worth $48,000 after buying an additional 154 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in Interactive Brokers Group during the 3rd quarter worth approximately $49,000. Institutional investors and hedge funds own 23.80% of the company's stock.
Interactive Brokers Group Stock Down 1.2 %
IBKR traded down $2.11 on Friday, hitting $179.00. 489,639 shares of the company traded hands, compared to its average volume of 1,019,032. Interactive Brokers Group, Inc. has a 12-month low of $82.26 and a 12-month high of $193.42. The company has a 50 day moving average of $174.51 and a 200-day moving average of $143.71. The stock has a market capitalization of $75.63 billion, a PE ratio of 27.33, a PEG ratio of 1.42 and a beta of 0.85.
Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.78 by ($0.03). Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the firm posted $1.55 EPS. On average, research analysts anticipate that Interactive Brokers Group, Inc. will post 6.82 EPS for the current year.
Interactive Brokers Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, November 29th. Interactive Brokers Group's dividend payout ratio (DPR) is presently 15.27%.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Piper Sandler reissued an "overweight" rating and issued a $163.00 price target on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods raised their target price on shares of Interactive Brokers Group from $152.00 to $190.00 and gave the company a "market perform" rating in a report on Friday, December 20th. Barclays boosted their price target on shares of Interactive Brokers Group from $165.00 to $214.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. The Goldman Sachs Group boosted their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the company a "buy" rating in a report on Tuesday, December 3rd. Finally, Jefferies Financial Group raised their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Interactive Brokers Group has a consensus rating of "Moderate Buy" and an average target price of $173.00.
Read Our Latest Report on Interactive Brokers Group
Interactive Brokers Group Profile
(
Free Report)
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.
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