Interactive Brokers Group, Inc. (NASDAQ:IBKR) has received a consensus recommendation of “Hold” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $53.00.
Several equities research analysts recently issued reports on the stock. Goldman Sachs Group lowered shares of Interactive Brokers Group from a “neutral” rating to a “sell” rating and set a $59.00 price objective for the company. in a research note on Monday, January 8th. BidaskClub lowered shares of Interactive Brokers Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 16th. SunTrust Banks lifted their price objective on shares of Interactive Brokers Group from $48.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, January 17th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Sandler O’Neill reaffirmed a “buy” rating on shares of Interactive Brokers Group in a research note on Friday, February 2nd.
Shares of Interactive Brokers Group (IBKR) traded down $0.51 during trading hours on Wednesday, hitting $67.37. 1,064,883 shares of the company’s stock were exchanged, compared to its average volume of 796,932. The firm has a market cap of $27,946.60, a price-to-earnings ratio of 62.96, a P/E/G ratio of 3.27 and a beta of 1.05. Interactive Brokers Group has a 52 week low of $33.01 and a 52 week high of $68.58.
Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 3.94% and a return on equity of 1.74%. The company’s revenue for the quarter was up 166.8% on a year-over-year basis. During the same quarter last year, the business posted $0.07 EPS. research analysts expect that Interactive Brokers Group will post 2.08 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Thursday, March 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Wednesday, February 28th. Interactive Brokers Group’s payout ratio is presently 37.38%.
In related news, Vice Chairman Earl H. Nemser sold 32,000 shares of Interactive Brokers Group stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $62.80, for a total value of $2,009,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.41% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in IBKR. Miura Global Management LLC bought a new position in Interactive Brokers Group in the 4th quarter worth $34,046,000. Victory Capital Management Inc. raised its holdings in Interactive Brokers Group by 105.4% in the 3rd quarter. Victory Capital Management Inc. now owns 915,589 shares of the financial services provider’s stock worth $41,238,000 after acquiring an additional 469,755 shares during the period. Russell Investments Group Ltd. raised its holdings in Interactive Brokers Group by 206.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 504,021 shares of the financial services provider’s stock worth $22,701,000 after acquiring an additional 339,648 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Interactive Brokers Group by 14.4% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,259,199 shares of the financial services provider’s stock worth $101,754,000 after acquiring an additional 284,389 shares during the period. Finally, FMR LLC raised its holdings in Interactive Brokers Group by 54.1% in the 2nd quarter. FMR LLC now owns 722,777 shares of the financial services provider’s stock worth $27,047,000 after acquiring an additional 253,611 shares during the period. Hedge funds and other institutional investors own 15.74% of the company’s stock.
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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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