Interactive Brokers Group (NASDAQ:IBKR) will announce its earnings results after the market closes on Monday, January 15th. Analysts expect the company to announce earnings of $0.36 per share for the quarter.
Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $426.00 million for the quarter, compared to analyst estimates of $382.85 million. During the same quarter last year, the firm posted $0.30 earnings per share. Interactive Brokers Group’s revenue for the quarter was up 23.5% compared to the same quarter last year. On average, analysts expect Interactive Brokers Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Interactive Brokers Group (IBKR) opened at $63.10 on Friday. Interactive Brokers Group has a 1-year low of $33.01 and a 1-year high of $63.16. The company has a market cap of $25,980.00, a P/E ratio of 54.40, a P/E/G ratio of 3.22 and a beta of 1.02.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Friday, December 1st were issued a $0.10 dividend. The ex-dividend date was Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 0.63%. Interactive Brokers Group’s payout ratio is 34.48%.
Several research analysts recently commented on IBKR shares. BidaskClub lowered shares of Interactive Brokers Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 16th. Zacks Investment Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Tuesday, September 19th. SunTrust Banks restated a “hold” rating and issued a $40.00 price target on shares of Interactive Brokers Group in a report on Wednesday, October 4th. Finally, Goldman Sachs Group lowered shares of Interactive Brokers Group from a “neutral” rating to a “sell” rating and set a $59.00 price target on the stock. in a report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $48.33.
In other news, insider Thomas Aj Frank sold 73,265 shares of Interactive Brokers Group stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Paul Jonathan Brody sold 11,033 shares of Interactive Brokers Group stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $47.58, for a total transaction of $524,950.14. The disclosure for this sale can be found here. Insiders have sold 438,338 shares of company stock worth $22,604,165 in the last quarter. Insiders own 3.41% of the company’s stock.
A hedge fund recently raised its stake in Interactive Brokers Group stock. The Manufacturers Life Insurance Company increased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 27.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,966 shares of the financial services provider’s stock after buying an additional 647 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Interactive Brokers Group were worth $111,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 15.79% 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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