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

JPMorgan Chase & Co. increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 0.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,017,082 shares of the financial services provider’s stock after acquiring an additional 11,379 shares during the period. JPMorgan Chase & Co.’s holdings in Interactive Brokers Group were worth $559,821,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Millennium Management LLC raised its stake in Interactive Brokers Group by 1,292.1% during the second quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock worth $132,655,000 after acquiring an additional 1,004,289 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Interactive Brokers Group during the 3rd quarter valued at approximately $83,630,000. Marshall Wace LLP increased its position in Interactive Brokers Group by 23.8% during the 2nd quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock worth $307,365,000 after purchasing an additional 481,826 shares in the last quarter. Waverton Investment Management Ltd acquired a new stake in Interactive Brokers Group in the third quarter valued at approximately $26,946,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Interactive Brokers Group by 262.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock worth $36,004,000 after buying an additional 187,010 shares during the last quarter. 23.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on IBKR. The Goldman Sachs Group raised their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods lifted their price target on Interactive Brokers Group from $152.00 to $190.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. UBS Group upped their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Jefferies Financial Group lifted their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, Piper Sandler restated an “overweight” rating and issued a $163.00 price target on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $173.00.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR 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 firm’s fifty day moving average is $174.51 and its 200-day moving average is $143.57. The firm has a market cap of $75.63 billion, a P/E ratio of 27.33, a P/E/G ratio of 1.42 and a beta of 0.85.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The business had revenue of $2.45 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the business posted $1.55 earnings per share. As a group, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

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

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.