Interactive Brokers Group, Inc. (NASDAQ:IBKR) – SunTrust Banks increased their FY2017 EPS estimates for shares of Interactive Brokers Group in a report released on Wednesday. SunTrust Banks analyst D. Mewhirter now anticipates that the financial services provider will post earnings per share of $1.47 for the year, up from their previous forecast of $1.38. SunTrust Banks has a “Average” rating and a $48.00 price target on the stock.
Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.05. The firm had revenue of $426.00 million for the quarter, compared to the consensus estimate of $382.85 million. Interactive Brokers Group had a net margin of 5.29% and a return on equity of 1.35%. The business’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 EPS.
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Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of 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. BidaskClub raised shares of Interactive Brokers Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, Rosenblatt Securities initiated coverage on shares of Interactive Brokers Group in a report on Thursday, July 13th. They set a “neutral” rating and a $40.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned 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 target price of $41.67.
Interactive Brokers Group (NASDAQ IBKR) opened at $53.93 on Monday. The stock has a market cap of $22,202.93, a price-to-earnings ratio of 46.49, a price-to-earnings-growth ratio of 2.73 and a beta of 1.01. Interactive Brokers Group has a fifty-two week low of $31.97 and a fifty-two week high of $55.66.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Friday, December 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Thursday, November 30th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 34.48%.
In related news, Vice Chairman Earl H. Nemser sold 1,674 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $40.31, for a total value of $67,478.94. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas Aj Frank sold 73,265 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was 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. Insiders sold a total of 1,295,109 shares of company stock worth $59,115,347 over the last three months. 3.41% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in IBKR. BlackRock Inc. raised its stake in Interactive Brokers Group by 75,132.1% in the 1st quarter. BlackRock Inc. now owns 6,629,451 shares of the financial services provider’s stock valued at $230,176,000 after acquiring an additional 6,620,639 shares during the period. Cantillon Capital Management LLC bought a new stake in Interactive Brokers Group in the 2nd quarter valued at about $72,067,000. Kayne Anderson Rudnick Investment Management LLC raised its stake in Interactive Brokers Group by 68.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,974,810 shares of the financial services provider’s stock valued at $73,898,000 after acquiring an additional 803,838 shares during the period. Victory Capital Management Inc. raised its stake in Interactive Brokers Group by 105.4% in the 3rd quarter. Victory Capital Management Inc. now owns 915,589 shares of the financial services provider’s stock valued at $41,238,000 after acquiring an additional 469,755 shares during the period. Finally, Vanguard Group Inc. raised its stake in Interactive Brokers Group by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 5,822,138 shares of the financial services provider’s stock valued at $202,144,000 after acquiring an additional 320,626 shares during the period. Institutional investors and hedge funds own 15.11% 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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