Interactive Brokers Group (NASDAQ:IBKR) had its price target lifted by SunTrust Banks from $48.00 to $60.00 in a research report sent to investors on Wednesday morning. SunTrust Banks currently has a hold rating on the financial services provider’s stock. SunTrust Banks also issued estimates for Interactive Brokers Group’s Q1 2018 earnings at $0.47 EPS, Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.51 EPS, Q4 2018 earnings at $0.54 EPS, FY2018 earnings at $2.00 EPS and FY2019 earnings at $2.45 EPS. The analysts noted that the move was a valuation call.
IBKR has been the subject of several other research reports. Goldman Sachs Group lowered Interactive Brokers Group from a neutral rating to a sell rating and set a $59.00 target price for the company. in a research report on Monday, January 8th. BidaskClub lowered Interactive Brokers Group from a buy rating to a hold rating in a research report on Thursday, January 4th. Finally, Zacks Investment Research upgraded Interactive Brokers Group from a hold rating to a strong-buy rating and set a $68.00 price objective for the company in a research report on Monday, January 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $50.33.
Shares of Interactive Brokers Group (NASDAQ:IBKR) traded up $0.70 on Wednesday, hitting $62.48. The stock had a trading volume of 1,119,569 shares, compared to its average volume of 1,090,000. The firm has a market cap of $25,720.00, a price-to-earnings ratio of 57.85, a price-to-earnings-growth ratio of 3.02 and a beta of 1.02. Interactive Brokers Group has a one year low of $33.01 and a one year high of $64.03.
Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.36 by $0.07. The company had revenue of $515.00 million during the quarter, compared to analyst estimates of $398.05 million. Interactive Brokers Group had a return on equity of 1.74% and a net margin of 3.94%. The business’s revenue was up 166.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 EPS. research analysts anticipate that Interactive Brokers Group will post 2.08 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Thursday, March 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.64%. Interactive Brokers Group’s dividend payout ratio is currently 37.04%.
In related news, insider Thomas Aj Frank sold 54,903 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $54.21, for a total transaction of $2,976,291.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Earl H. Nemser sold 2,683 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $50.84, for a total value of $136,403.72. The disclosure for this sale can be found here. Insiders have sold a total of 297,611 shares of company stock valued at $15,773,905 in the last 90 days. Insiders own 3.41% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its stake in Interactive Brokers Group by 27.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,966 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 647 shares in the last quarter. Riverhead Capital Management LLC raised its stake in Interactive Brokers Group by 71.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,095 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 1,295 shares in the last quarter. Creative Planning bought a new stake in Interactive Brokers Group during the 4th quarter valued at $206,000. World Asset Management Inc bought a new stake in Interactive Brokers Group during the 3rd quarter valued at $214,000. Finally, Everence Capital Management Inc. bought a new stake in Interactive Brokers Group during the 3rd quarter valued at $224,000. 15.79% of the stock is currently owned by hedge funds and other 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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