Interactive Brokers Group, Inc. (NASDAQ:IBKR) is set to announce its earnings results after the market closes on Monday, October 16th. Analysts expect the company to announce earnings of $0.33 per share for the quarter.
Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.05). The firm had revenue of $387.00 million for the quarter, compared to analysts’ expectations of $377.65 million. Interactive Brokers Group had a net margin of 4.97% and a return on equity of 1.19%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.40 EPS. On average, analysts expect Interactive Brokers Group to post $1.55 EPS for the current fiscal year and $1.59 EPS for the next fiscal year.
Shares of Interactive Brokers Group, Inc. (NASDAQ IBKR) opened at 47.45 on Monday. The stock has a market cap of $3.39 billion, a PE ratio of 46.34 and a beta of 0.96. The company’s 50-day moving average price is $43.18 and its 200-day moving average price is $38.26. Interactive Brokers Group, Inc. has a 52-week low of $31.97 and a 52-week high of $48.15.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Friday, September 1st were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.84%. Interactive Brokers Group’s dividend payout ratio (DPR) is 38.84%.
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A number of brokerages recently issued reports on IBKR. BidaskClub upgraded Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. SunTrust Banks, Inc. restated a “hold” rating and issued a $40.00 target price on shares of Interactive Brokers Group in a research note on Wednesday, October 4th. Rosenblatt Securities began coverage on Interactive Brokers Group in a research note on Thursday, July 13th. They issued a “neutral” rating and a $40.00 target price for the company. Zacks Investment Research upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Tuesday, September 19th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $38.00 target price on shares of Interactive Brokers Group in a research note on Friday, June 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.33.
In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 10,617 shares of Interactive Brokers Group stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $47.11, for a total transaction of $500,166.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas Aj Frank sold 16,751 shares of Interactive Brokers Group stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $40.30, for a total value of $675,065.30. The disclosure for this sale can be found here. Insiders sold a total of 824,188 shares of company stock valued at $35,132,528 in the last 90 days. 3.41% of the stock is currently owned by company insiders.
An institutional investor recently raised its position in Interactive Brokers Group stock. The Manufacturers Life Insurance Company raised its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 27.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,966 shares of the financial services provider’s stock after buying an additional 647 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Interactive Brokers Group were worth $111,000 at the end of the most recent quarter. Institutional investors and hedge funds own 15.01% of the company’s stock.
Interactive Brokers Group Company 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.
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