Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have received an average recommendation of “Hold” from the eight research firms that are presently covering the firm, Marketbeat reports. One equities research 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 average 1 year price objective among analysts that have issued a report on the stock in the last year is $42.60.
A number of brokerages have recently commented on IBKR. SunTrust Banks lifted their price objective on shares of Interactive Brokers Group to $48.00 and gave the company an “average” rating in a research report on Wednesday, October 18th. Zacks Investment Research raised shares of Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Tuesday, September 19th. Finally, BidaskClub raised shares of Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th.
In related news, CFO Paul Jonathan Brody sold 10,825 shares of Interactive Brokers Group stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $41.86, for a total transaction of $453,134.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas Aj Frank sold 20,218 shares of Interactive Brokers Group stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $41.99, for a total transaction of $848,953.82. The disclosure for this sale can be found here. Insiders have sold a total of 1,095,957 shares of company stock valued at $52,044,877 in the last ninety days. 3.41% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its stake in Interactive Brokers Group by 27.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,966 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 647 shares in the last quarter. Riverhead Capital Management LLC raised its stake in Interactive Brokers Group by 71.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,095 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 1,295 shares in the last quarter. World Asset Management Inc acquired a new stake in Interactive Brokers Group in the 3rd quarter worth about $214,000. Everence Capital Management Inc. acquired a new stake in Interactive Brokers Group in the 3rd quarter worth about $224,000. Finally, Hartford Investment Management Co. acquired a new stake in Interactive Brokers Group in the 2nd quarter worth about $239,000. Institutional investors and hedge funds own 15.80% of the company’s stock.
Shares of Interactive Brokers Group (NASDAQ:IBKR) traded up $0.83 on Friday, hitting $58.91. 656,336 shares of the stock were exchanged, compared to its average volume of 531,073. Interactive Brokers Group has a 52 week low of $33.01 and a 52 week high of $60.12. The company has a market cap of $23,911.88, a P/E ratio of 50.07, a PEG ratio of 2.94 and a beta of 1.03.
Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. Interactive Brokers Group had a net margin of 5.29% and a return on equity of 1.35%. The company had revenue of $426.00 million during the quarter, compared to the consensus estimate of $382.85 million. During the same quarter last year, the firm posted $0.30 EPS. The company’s quarterly revenue was up 23.5% on a year-over-year basis. equities research analysts forecast that Interactive Brokers Group will post 1.47 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Friday, December 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, November 30th. Interactive Brokers Group’s payout ratio is 34.48%.
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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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