JPMorgan Chase & Co. Has $9.04 Million Position in Interactive Brokers Group, Inc. (IBKR)

JPMorgan Chase & Co. boosted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 228.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 201,639 shares of the financial services provider’s stock after acquiring an additional 140,292 shares during the quarter. JPMorgan Chase & Co.’s holdings in Interactive Brokers Group were worth $9,039,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Alliancebernstein L.P. increased its position in shares of Interactive Brokers Group by 0.6% during the 2nd quarter. Alliancebernstein L.P. now owns 34,504 shares of the financial services provider’s stock valued at $1,291,000 after purchasing an additional 196 shares during the period. Gamco Investors INC. ET AL increased its position in shares of Interactive Brokers Group by 0.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 29,100 shares of the financial services provider’s stock valued at $1,089,000 after purchasing an additional 200 shares during the period. State of Wisconsin Investment Board increased its position in shares of Interactive Brokers Group by 3.8% during the 2nd quarter. State of Wisconsin Investment Board now owns 13,137 shares of the financial services provider’s stock valued at $492,000 after purchasing an additional 480 shares during the period. Western Standard LLC increased its position in shares of Interactive Brokers Group by 0.7% during the 2nd quarter. Western Standard LLC now owns 75,600 shares of the financial services provider’s stock valued at $2,829,000 after purchasing an additional 500 shares during the period. Finally, Utah Retirement Systems increased its position in shares of Interactive Brokers Group by 5.2% during the 2nd quarter. Utah Retirement Systems now owns 12,084 shares of the financial services provider’s stock valued at $452,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 15.79% of the company’s stock.

Several equities analysts have recently issued reports on IBKR shares. Zacks Investment Research upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Tuesday, September 19th. SunTrust Banks reissued a “hold” rating and set a $40.00 price objective on shares of Interactive Brokers Group in a research note on Wednesday, October 4th. Finally, BidaskClub lowered Interactive Brokers Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $41.67.

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) opened at $60.32 on Monday. The firm has a market capitalization of $24,830.00, a price-to-earnings ratio of 52.00, a PEG ratio of 3.03 and a beta of 1.02. Interactive Brokers Group, Inc. has a one year low of $33.01 and a one year high of $62.33.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.05. The business had revenue of $426.00 million during the quarter, compared to analyst estimates of $382.85 million. Interactive Brokers Group had a return on equity of 1.35% and a net margin of 5.29%. The company’s revenue was up 23.5% compared to the same quarter last year. During the same period last year, the company posted $0.30 EPS. sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 1.47 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Friday, December 1st were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Thursday, November 30th. Interactive Brokers Group’s dividend payout ratio is presently 34.48%.

In other news, Vice Chairman Earl H. Nemser sold 767 shares of the firm’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $47.68, for a total value of $36,570.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas Aj Frank sold 73,265 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $53.90, for a total value of $3,948,983.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 824,116 shares of company stock valued at $40,454,154. Corporate insiders own 3.41% of the company’s stock.

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Interactive Brokers Group Profile

Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.

Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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