Interactive Brokers Group, Inc. (NASDAQ:IBKR) Vice Chairman Earl H. Nemser sold 1,658 shares of the stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $47.42, for a total value of $78,622.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) traded up 0.95% on Wednesday, reaching $47.79. The company’s stock had a trading volume of 496,408 shares. The firm’s 50 day moving average is $43.55 and its 200-day moving average is $38.49. The stock has a market cap of $3.42 billion, a P/E ratio of 47.32 and a beta of 0.96. Interactive Brokers Group, Inc. has a 52-week low of $31.97 and a 52-week high of $48.15.
Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.05). The firm had revenue of $387.00 million during the quarter, compared to the consensus estimate of $377.65 million. Interactive Brokers Group had a net margin of 4.97% and a return on equity of 1.19%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 earnings per share. On average, equities research analysts forecast that Interactive Brokers Group, Inc. will post $1.55 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Shareholders 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 annualized dividend and a dividend yield of 0.84%. Interactive Brokers Group’s payout ratio is presently 38.84%.
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A number of research analysts have commented on the company. BidaskClub raised Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a report on Monday, August 14th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $40.00 price objective on shares of Interactive Brokers Group in a report on Wednesday, October 4th. Rosenblatt Securities assumed coverage on Interactive Brokers Group in a report on Thursday, July 13th. They issued a “neutral” rating and a $40.00 price objective on the stock. Zacks Investment Research raised Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Tuesday, September 19th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $38.00 price objective on shares of Interactive Brokers Group in a report on Friday, June 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Interactive Brokers Group presently has an average rating of “Hold” and a consensus price target of $40.33.
Institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its stake in shares of Interactive Brokers Group by 27.9% in the second quarter. The Manufacturers Life Insurance Company now owns 2,966 shares of the financial services provider’s stock valued at $111,000 after buying an additional 647 shares during the period. Riverhead Capital Management LLC raised its stake in shares of Interactive Brokers Group by 71.9% in the second quarter. Riverhead Capital Management LLC now owns 3,095 shares of the financial services provider’s stock valued at $116,000 after buying an additional 1,295 shares during the period. Hartford Investment Management Co. bought a new stake in shares of Interactive Brokers Group in the second quarter valued at $239,000. BlueCrest Capital Management Ltd bought a new stake in shares of Interactive Brokers Group in the first quarter valued at $224,000. Finally, Shelton Capital Management bought a new stake in shares of Interactive Brokers Group in the second quarter valued at $253,000. Hedge funds and other institutional investors 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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