Interactive Brokers Group (NASDAQ:IBKR) released its earnings results on Tuesday. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.07, Briefing.com reports. Interactive Brokers Group had a return on equity of 1.35% and a net margin of 5.29%. The company had revenue of $515.00 million for the quarter, compared to analysts’ expectations of $398.05 million. During the same quarter in the previous year, the firm posted $0.07 EPS. The firm’s quarterly revenue was up 166.8% on a year-over-year basis.
Shares of Interactive Brokers Group (NASDAQ:IBKR) traded down $0.65 during trading hours on Wednesday, hitting $62.45. The stock had a trading volume of 1,512,400 shares, compared to its average volume of 903,040. The stock has a market cap of $25,700.00, a price-to-earnings ratio of 53.84, a price-to-earnings-growth ratio of 3.37 and a beta of 1.02. Interactive Brokers Group has a fifty-two week low of $33.01 and a fifty-two week high of $64.03.
IBKR has been the topic of several recent analyst reports. SunTrust Banks reiterated a “hold” rating and set a $40.00 target price on shares of Interactive Brokers Group in a research report on Wednesday, October 4th. BidaskClub cut Interactive Brokers Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 16th. Zacks Investment Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating and set a $68.00 target price on the stock in a research report on Monday, January 8th. Finally, Goldman Sachs Group cut Interactive Brokers Group from a “neutral” rating to a “sell” rating and set a $59.00 target price on the stock. in a research report on Monday, January 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $50.33.
In other news, insider Thomas Aj Frank sold 33,700 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $49.38, for a total transaction of $1,664,106.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Denis Mendonca sold 1,156 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was 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. Insiders have sold a total of 345,321 shares of company stock worth $18,129,724 in the last three months. Corporate insiders own 3.41% of the company’s stock.
An institutional investor recently raised its position in Interactive Brokers Group stock. The Manufacturers Life Insurance Company boosted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 27.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,966 shares of the financial services provider’s stock after buying 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 filing with the SEC. 15.79% of the stock is owned by institutional investors.
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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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