JPMorgan Chase & Co. Has $559.82 Million Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

JPMorgan Chase & Co. grew its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 0.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 about 0.95% of Interactive Brokers Group worth $559,821,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in IBKR. Tortoise Investment Management LLC boosted its position in Interactive Brokers Group by 76.6% during the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 111 shares during the last quarter. Fairfield Financial Advisors LTD acquired a new stake in shares of Interactive Brokers Group in the 2nd quarter valued at approximately $32,000. UMB Bank n.a. grew its stake 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 buying an additional 224 shares in the last quarter. Smithfield Trust Co increased its holdings in Interactive Brokers Group by 80.6% during the third 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 last quarter. Finally, Darwin Wealth Management LLC bought a new stake in Interactive Brokers Group during the third quarter worth $49,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

IBKR stock opened at $179.00 on Friday. Interactive Brokers Group, Inc. has a 52 week low of $82.26 and a 52 week high of $193.42. The company has a market capitalization of $75.63 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 1.42 and a beta of 0.85. The company’s 50-day simple moving average is $174.51 and its 200 day simple moving average is $143.57.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. During the same period in the prior year, the business posted $1.55 earnings per share. On average, analysts forecast that Interactive Brokers Group, Inc. will post 6.82 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $0.25 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.00 annualized dividend and a yield of 0.56%. Interactive Brokers Group’s dividend payout ratio is presently 15.27%.

Wall Street Analysts Forecast Growth

IBKR has been the subject of a number of analyst reports. Jefferies Financial Group lifted their price objective on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Piper Sandler reissued an “overweight” rating and set a $163.00 price target on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods raised their price objective on Interactive Brokers Group from $152.00 to $190.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. UBS Group boosted their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, The Goldman Sachs Group raised their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $173.00.

Interactive Brokers Group Company 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.