Jump Financial LLC Has $34.29 Million Holdings in Interactive Brokers Group, Inc. $IBKR

Key Points

• Jump Financial LLC significantly increased its holdings in Interactive Brokers Group, raising its stake by 259.2% during the first quarter, now owning 207,047 shares worth approximately $34.3 million.
• Several other institutional investors also raised their stakes in Interactive Brokers, with American Century Companies Inc. increasing their holdings by an astonishing 1,476.3%, bringing their total to around 1.43 million shares valued at about $237.5 million.
• Interactive Brokers recently reported strong quarterly earnings, with earnings per share of $0.51, surpassing expectations, and the company announced a quarterly dividend of $0.08 per share.

Jump Financial LLC lifted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 259.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 207,047 shares of the financial services provider's stock after buying an additional 149,404 shares during the quarter. Interactive Brokers Group makes up 0.5% of Jump Financial LLC's portfolio, making the stock its 16th biggest position. Jump Financial LLC's holdings in Interactive Brokers Group were worth $34,285,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of IBKR. Vanguard Group Inc. lifted its position in Interactive Brokers Group by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 10,351,521 shares of the financial services provider's stock valued at $1,714,108,000 after purchasing an additional 280,004 shares during the last quarter. Bank of America Corp DE lifted its position in Interactive Brokers Group by 91.4% in the 4th quarter. Bank of America Corp DE now owns 2,338,972 shares of the financial services provider's stock valued at $413,226,000 after purchasing an additional 1,117,186 shares during the last quarter. American Century Companies Inc. lifted its position in Interactive Brokers Group by 1,476.3% in the 1st quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider's stock valued at $237,453,000 after purchasing an additional 1,343,007 shares during the last quarter. Invesco Ltd. lifted its position in Interactive Brokers Group by 45.6% in the 1st quarter. Invesco Ltd. now owns 1,115,214 shares of the financial services provider's stock valued at $184,668,000 after purchasing an additional 349,255 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in Interactive Brokers Group by 53.1% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,084,337 shares of the financial services provider's stock valued at $191,570,000 after purchasing an additional 376,004 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

IBKR has been the topic of several recent research reports. The Goldman Sachs Group lifted their price objective on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Piper Sandler lifted their price objective on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Citigroup lifted their price objective on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Barclays lifted their price objective on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Finally, Wall Street Zen upgraded shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $59.38.

Insiders Place Their Bets

In related news, Vice Chairman Earl H. Nemser sold 194,086 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the completion of the sale, the insider directly owned 461,500 shares in the company, valued at approximately $31,146,635. This trade represents a 29.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 233,972 shares of company stock worth $15,746,449 in the last ninety days. Company insiders own 2.97% of the company's stock.

Interactive Brokers Group Stock Performance

Shares of IBKR stock traded down $1.51 during midday trading on Wednesday, reaching $61.79. 98,987,401 shares of the company were exchanged, compared to its average volume of 7,632,403. Interactive Brokers Group, Inc. has a 12 month low of $30.01 and a 12 month high of $68.07. The company has a market cap of $104.80 billion, a P/E ratio of 31.77, a PEG ratio of 2.56 and a beta of 1.22. The company's 50 day moving average price is $60.53 and its two-hundred day moving average price is $51.93.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.05. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the firm earned $1.76 EPS. Interactive Brokers Group's revenue was up 14.7% on a year-over-year basis. As a group, sell-side analysts predict 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 announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Monday, September 1st will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, August 29th. Interactive Brokers Group's dividend payout ratio (DPR) is presently 16.49%.

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.