Jones Financial Companies Lllp Has $1.78 Million Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Jones Financial Companies Lllp grew its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 36.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 26,875 shares of the financial services provider’s stock after acquiring an additional 7,234 shares during the quarter. Jones Financial Companies Lllp’s holdings in Interactive Brokers Group were worth $1,777,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Ballentine Partners LLC grew its stake in Interactive Brokers Group by 1.0% during the third quarter. Ballentine Partners LLC now owns 15,389 shares of the financial services provider’s stock worth $1,059,000 after buying an additional 145 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Interactive Brokers Group by 51.8% during the 2nd quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 176 shares during the period. Pullen Investment Management LLC boosted its position in shares of Interactive Brokers Group by 1.0% during the 3rd quarter. Pullen Investment Management LLC now owns 19,748 shares of the financial services provider’s stock worth $1,359,000 after acquiring an additional 200 shares in the last quarter. World Investment Advisors increased its stake in Interactive Brokers Group by 3.0% in the third quarter. World Investment Advisors now owns 6,852 shares of the financial services provider’s stock valued at $471,000 after acquiring an additional 202 shares during the last quarter. Finally, PUREfi Wealth LLC raised its position in Interactive Brokers Group by 4.7% during the third quarter. PUREfi Wealth LLC now owns 4,554 shares of the financial services provider’s stock valued at $313,000 after purchasing an additional 206 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Insider Activity at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 145,000 shares of Interactive Brokers Group stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $77.85, for a total transaction of $11,288,250.00. Following the transaction, the insider owned 155,000 shares in the company, valued at approximately $12,066,750. The trade was a 48.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 400,000 shares of company stock worth $30,725,122 in the last quarter. 2.97% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on IBKR shares. BMO Capital Markets raised their target price on Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. CICC Research began coverage on Interactive Brokers Group in a research note on Monday, October 27th. They set an “outperform” rating and a $78.00 target price for the company. Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $91.00 price target on shares of Interactive Brokers Group in a report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $76.39.

Interactive Brokers Group Trading Up 5.1%

Interactive Brokers Group stock opened at $78.42 on Tuesday. The stock has a 50-day moving average price of $69.46 and a two-hundred day moving average price of $67.13. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $78.80. The company has a market capitalization of $133.01 billion, a PE ratio of 35.40, a P/E/G ratio of 2.09 and a beta of 1.24.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.15. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The business’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 earnings per share. As a group, analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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

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.