Interactive Brokers Group, Inc. (NASDAQ:IBKR) Vice Chairman Earl H. Nemser sold 1,649 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $47.52, for a total value of $78,360.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Interactive Brokers Group, Inc. (IBKR) opened at 47.34 on Wednesday. The stock’s 50 day moving average price is $43.55 and its 200 day moving average price is $38.49. The stock has a market capitalization of $3.38 billion, a PE ratio of 46.23 and a beta of 0.96. Interactive Brokers Group, Inc. has a 1-year low of $31.97 and a 1-year high of $48.15.
Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.05). Interactive Brokers Group had a return on equity of 1.19% and a net margin of 4.97%. The business had revenue of $387.00 million for the quarter, compared to the consensus estimate of $377.65 million. During the same period in the prior year, the business posted $0.40 earnings per share. Interactive Brokers Group’s revenue was up 4.9% on a year-over-year basis. On average, equities research analysts predict that Interactive Brokers Group, Inc. will post $1.55 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Friday, September 1st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Wednesday, August 30th. Interactive Brokers Group’s dividend payout ratio is currently 38.84%.
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Hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its stake in shares of Interactive Brokers Group by 27.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,966 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 647 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in shares of Interactive Brokers Group by 71.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,095 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 1,295 shares during the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of Interactive Brokers Group during the 1st quarter worth approximately $224,000. Hartford Investment Management Co. bought a new stake in shares of Interactive Brokers Group during the 2nd quarter worth approximately $239,000. Finally, Shelton Capital Management bought a new stake in shares of Interactive Brokers Group during the 2nd quarter worth approximately $253,000. 15.01% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have commented on the company. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $38.00 price target on shares of Interactive Brokers Group in a research note on Thursday, July 6th. Zacks Investment Research raised Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Tuesday, September 19th. BidaskClub raised Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. Rosenblatt Securities assumed coverage on Interactive Brokers Group in a research note on Thursday, July 13th. They set a “neutral” rating and a $40.00 target price on the stock. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $38.00 target price on shares of Interactive Brokers Group in a research note on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $40.33.
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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