Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Analysts at SunTrust Banks raised their Q1 2018 earnings per share (EPS) estimates for shares of Interactive Brokers Group in a note issued to investors on Wednesday. SunTrust Banks analyst D. Mewhirter now expects that the financial services provider will post earnings of $0.39 per share for the quarter, up from their prior estimate of $0.38. SunTrust Banks has a “Hold” rating and a $38.00 price objective on the stock. SunTrust Banks also issued estimates for Interactive Brokers Group’s Q3 2018 earnings at $0.41 EPS and FY2018 earnings at $1.64 EPS.
Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by $0.05. The company had revenue of $387 million for the quarter, compared to analyst estimates of $377.65 million. Interactive Brokers Group had a return on equity of 1.19% and a net margin of 4.97%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 earnings per share.
Several other equities analysts also recently issued reports on IBKR. Wells Fargo & Company downgraded Interactive Brokers Group from a “market perform” rating to an “underperform” rating in a research report on Monday, April 3rd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $41.00 price target on shares of Interactive Brokers Group in a report on Wednesday, April 12th. Zacks Investment Research raised Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. ValuEngine raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 8th. Finally, BidaskClub raised shares of Interactive Brokers Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $39.17.
Shares of Interactive Brokers Group (NASDAQ:IBKR) traded up 2.66% during trading on Thursday, hitting $38.53. The stock had a trading volume of 574,507 shares. Interactive Brokers Group has a one year low of $31.97 and a one year high of $39.68. The firm’s 50-day moving average is $37.08 and its 200-day moving average is $36.50. The firm has a market cap of $2.62 billion, a P/E ratio of 35.38 and a beta of 0.93.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Wednesday, August 30th. Interactive Brokers Group’s dividend payout ratio (DPR) is 38.84%.
Several large investors have recently added to or reduced their stakes in the stock. Elkfork Partners LLC boosted its stake in Interactive Brokers Group by 42.1% in the first quarter. Elkfork Partners LLC now owns 3,564 shares of the financial services provider’s stock valued at $124,000 after buying an additional 1,056 shares during the last quarter. Meadow Creek Investment Management LLC raised its position in Interactive Brokers Group by 42.1% in the first quarter. Meadow Creek Investment Management LLC now owns 4,536 shares of the financial services provider’s stock valued at $158,000 after buying an additional 1,344 shares during the period. Glen Harbor Capital Management LLC raised its position in Interactive Brokers Group by 42.1% in the first quarter. Glen Harbor Capital Management LLC now owns 5,508 shares of the financial services provider’s stock valued at $191,000 after buying an additional 1,632 shares during the period. Advisory Services Network LLC acquired a new position in Interactive Brokers Group during the first quarter valued at about $203,000. Finally, BlueCrest Capital Management Ltd acquired a new position in Interactive Brokers Group during the first quarter valued at about $224,000. Institutional investors and hedge funds own 14.33% of the company’s stock.
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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