Jupiter Asset Management Reduces Holdings in Interactive Brokers Group and Announces Dividend Payment

On August 18, 2023, it was reported that Jupiter Asset Administration Ltd. has diminished its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 9.6%. The monetary companies supplier held 20,457 shares of Interactive Brokers Group’s inventory after promoting 2,172 shares through the first quarter. On the finish of this era, these holdings had been valued at $1,688,000.

Interactive Brokers Group lately introduced that will probably be issuing a quarterly dividend to its shareholders. This dividend will probably be paid on September 14th to shareholders of document as of September 1st. On the ex-dividend date of August thirty first, an quantity of $0.10 per share will probably be distributed. The annualized dividend payout stands at $0.40 per share with a dividend yield of 0.44%.

It is very important observe that Interactive Brokers Group’s present payout ratio is calculated at 8.16%. This determine represents the proportion of earnings allotted in the direction of dividend funds.

Jupiter Asset Administration Ltd.’s choice to cut back its place in Interactive Brokers Group might point out a shift of their funding technique or a response to latest market circumstances. Buyers ought to fastidiously take into account this adjustment alongside different obtainable info and conduct additional evaluation earlier than making any funding selections concerning Interactive Brokers Group.

As with all investment-related choice, it is strongly recommended to conduct thorough analysis and seek the advice of with trusted monetary professionals who can present personalised recommendation primarily based on particular person circumstances and targets.

Interactive Brokers Group, Inc.


Robust Purchase

Up to date on: 24/08/2023

Worth Goal

Present $91.95

Concensus $90.00

Low $90.00

Median $90.00

Excessive $90.00

Present extra

Social Sentiments

We didn’t discover social sentiment knowledge for this inventory

Analyst Rankings

Analyst / agency Score
Barclays Promote
Goldman Sachs Promote

Present extra

Interactive Brokers Group, Inc., a monetary companies supplier listed on the NASDAQ underneath the ticker image IBKR, has lately seen some adjustments in its institutional investor holdings. Captrust Monetary Advisors, for instance, elevated its place within the firm by 4.1% through the third quarter, now proudly owning 3,449 shares price $220,000. Equally, Alliance Wealth Advisors LLC UT raised its place in Interactive Brokers Group by 2.5% through the first quarter to personal 5,657 shares valued at $467,000.

ETF Managers Group LLC additionally elevated its place by 1.5% through the first quarter and now owns 10,985 shares price $907,000. Whittier Belief Co. of Nevada Inc., however, noticed a big enhance of 45.4% of their holdings throughout the identical interval and at the moment holds 573 shares valued at $47,000. Lastly, Quadrant Capital Group LLC raised its place by 17.9% within the fourth quarter and now owns 1,264 shares valued at $91,000.

These adjustments signify an general possession of roughly 21.42% of Interactive Brokers Group’s inventory by institutional traders and hedge funds.

A number of analysis analysts have additionally issued experiences on IBKR shares lately. Jefferies Monetary Group elevated their worth goal from $104 to $106 in a analysis observe on June fifth whereas Barclays upped their worth goal from $97 to $106 on July thirteenth. StockNews.com initiated protection on Interactive Brokers Group with a “maintain” ranking for the corporate.

At the moment, one funding analyst has rated the inventory as maintain whereas 5 others have assigned it a purchase ranking. Primarily based on knowledge from Bloomberg, there’s a consensus ranking of “Average Purchase” for Interactive Brokers Group with a consensus goal worth of $113.60.

On August 18, 2023, shares of NASDAQ IBKR opened at $90.59. The corporate has a 52-week low of $59.56 and a 52-week excessive of $93.33. Its 50-day easy shifting common stands at $84.80, whereas the two-hundred-day easy shifting common is at $82.26. With a market capitalization of $38.01 billion, Interactive Brokers Group has a price-to-earnings ratio of 18.49 and a price-to-earnings development ratio of 0.80, reflecting its comparatively wholesome financials compared to trade friends.

In the case of latest earnings, Interactive Brokers Group reported an EPS (earnings per share) of $1.32 for the quarter ending July 18th, barely lacking the consensus estimate of $1.40 by ($0.08). Though interactive Brokers Group had a return on fairness of 4.41% and a internet margin of 8.14%, its income for the quarter was spectacular at $1,000 million – surpassing the consensus estimate of $1.06 billion by a big margin.

This marked a rise in income of 52.4% in comparison with the identical quarter final 12 months, indicating constructive development for the corporate regardless of falling barely brief on EPS expectations.

Equities analysis analysts are optimistic about Interactive Brokers Group’s future prospects and anticipate that it’s going to put up an EPS of 5.64 for the present 12 months.

In conclusion, primarily based on latest adjustments in institutional investor holdings and analysis analyst experiences, in addition to projected monetary efficiency and inventory evaluation, Interactive Brokers Group stays an intriguing possibility for traders in search of publicity to the monetary companies sector.


Leave a Reply

Your email address will not be published. Required fields are marked *