Interactive Brokers Group, Inc. (NASDAQ:IBKR) posted its earnings results on Tuesday, October 17th. The financial services provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.38 by $0.05, Briefing.com reports. The company had revenue of $426.00 million during 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 firm’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 earnings per share.
Shares of Interactive Brokers Group (NASDAQ:IBKR) traded up 1.152% during mid-day trading on Friday, hitting $53.125. 287,483 shares of the stock were exchanged. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 45.679 and a beta of 0.96. Interactive Brokers Group has a 52-week low of $31.97 and a 52-week high of $53.32. The stock has a 50-day moving average price of $45.69 and a 200 day moving average price of $39.61.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, December 1st will be paid a $0.10 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.76%. Interactive Brokers Group’s dividend payout ratio is presently 34.48%.
In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 2,683 shares of Interactive Brokers Group stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $50.84, for a total value of $136,403.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Denis Mendonca sold 1,156 shares of Interactive Brokers Group stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $49.50, for a total value of $57,222.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,193,043 shares of company stock valued at $52,958,629. 3.41% of the stock is currently owned by corporate insiders.
A hedge fund recently raised its stake in Interactive Brokers Group stock. The Manufacturers Life Insurance Company boosted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 27.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,966 shares of the financial services provider’s stock after purchasing an additional 647 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Interactive Brokers Group were worth $111,000 as of its most recent SEC filing. Institutional investors and hedge funds own 15.01% of the company’s stock.
Several analysts have issued reports on the stock. SunTrust Banks, Inc. increased their target price on shares of Interactive Brokers Group to $48.00 and gave the company an “average” rating in a 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 target price on the stock in a report on Tuesday, September 19th. BidaskClub raised shares of Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a report on Monday, August 14th. Finally, Rosenblatt Securities assumed coverage on shares of Interactive Brokers Group in a report on Thursday, July 13th. They issued a “neutral” rating and a $40.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $41.67.
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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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