Jones Financial Companies Lllp Buys 7,234 Shares of Interactive Brokers Group, Inc. $IBKR

Jones Financial Companies Lllp boosted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 36.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 26,875 shares of the financial services provider’s stock after acquiring an additional 7,234 shares during the period. Jones Financial Companies Lllp’s holdings in Interactive Brokers Group were worth $1,777,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Huntington National Bank lifted its position in shares of Interactive Brokers Group by 51.8% in the 2nd quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 176 shares during the period. Private Wealth Asset Management LLC lifted its holdings in Interactive Brokers Group by 300.0% in the second quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock valued at $32,000 after buying an additional 435 shares during the period. LFA Lugano Financial Advisors SA acquired a new position in Interactive Brokers Group in the second quarter valued at $32,000. N.E.W. Advisory Services LLC boosted its position in Interactive Brokers Group by 300.0% during the second quarter. N.E.W. Advisory Services LLC now owns 632 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 474 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in Interactive Brokers Group by 1,051.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 760 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 694 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Up 5.1%

NASDAQ IBKR opened at $78.42 on Tuesday. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $78.80. The business has a 50 day moving average price of $69.46 and a 200-day moving average price of $67.13. The company has a market cap of $133.01 billion, a price-to-earnings ratio of 35.40, a P/E/G ratio of 2.09 and a beta of 1.24.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.15. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.58 billion. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. Interactive Brokers Group’s revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 EPS. On average, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, February 27th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.48%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on IBKR shares. CICC Research initiated coverage on Interactive Brokers Group in a research note on Monday, October 27th. They issued an “outperform” rating and a $78.00 price objective on the stock. Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Piper Sandler set a $80.00 price target on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Tuesday, October 14th. The Goldman Sachs Group reiterated a “buy” rating and issued a $91.00 price objective on shares of Interactive Brokers Group in a research note on Friday, October 17th. Finally, Barclays set a $83.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $76.39.

Insider Activity at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 60,200 shares of the company’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total value of $4,533,060.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold 400,000 shares of company stock worth $30,725,122 over the last ninety days. Insiders own 2.97% of the company’s stock.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.