Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) reached a new 52-week high during trading on Thursday . The stock traded as high as $60.54 and last traded at $59.05, with a volume of 351800 shares traded. The stock had previously closed at $58.85.
Several research firms have commented on IBKR. Zacks Investment Research raised shares of 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. BidaskClub raised shares of Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. Finally, SunTrust Banks lifted their price target on shares of Interactive Brokers Group to $48.00 and gave the company an “average” rating in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Interactive Brokers Group has an average rating of “Hold” and a consensus target price of $41.67.
The stock has a market capitalization of $25,020.00, a price-to-earnings ratio of 50.90, a price-to-earnings-growth ratio of 2.99 and a beta of 1.02.
Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.05. The company had revenue of $426.00 million for the quarter, compared to analyst estimates of $382.85 million. Interactive Brokers Group had a net margin of 5.29% and a return on equity of 1.35%. Interactive Brokers Group’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter last year, the business earned $0.30 EPS. analysts predict that Interactive Brokers Group, Inc. will post 1.47 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, December 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.65%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 34.48%.
In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 1,683 shares of Interactive Brokers Group stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $41.90, for a total value of $70,517.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thomas Aj Frank sold 73,265 shares of Interactive Brokers Group stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $53.90, for a total transaction of $3,948,983.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,033,996 shares of company stock worth $49,462,403. 3.41% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the stock. Baillie Gifford & Co. lifted its holdings in shares of Interactive Brokers Group by 3.8% during the 2nd quarter. Baillie Gifford & Co. now owns 5,941,025 shares of the financial services provider’s stock valued at $222,313,000 after acquiring an additional 215,591 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of Interactive Brokers Group by 4.0% during the 3rd quarter. Prudential Financial Inc. now owns 115,814 shares of the financial services provider’s stock valued at $5,216,000 after acquiring an additional 4,475 shares in the last quarter. Quinn Opportunity Partners LLC lifted its holdings in shares of Interactive Brokers Group by 10.1% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 380,856 shares of the financial services provider’s stock valued at $14,252,000 after acquiring an additional 35,000 shares in the last quarter. Shelton Capital Management acquired a new position in shares of Interactive Brokers Group during the 2nd quarter valued at $253,000. Finally, Micawber Capital LLC lifted its holdings in shares of Interactive Brokers Group by 8.4% during the 2nd quarter. Micawber Capital LLC now owns 63,270 shares of the financial services provider’s stock valued at $2,368,000 after acquiring an additional 4,923 shares in the last quarter. Institutional investors and hedge funds own 15.80% of the company’s stock.
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About Interactive Brokers Group
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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