Interactive Brokers Group (NASDAQ:IBKR) Posts Earnings Results, Beats Estimates By $0.05 EPS

Interactive Brokers Group (NASDAQ:IBKR) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05, FiscalAI reports. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.80 billion. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%.

Interactive Brokers Group Price Performance

NASDAQ IBKR traded up $2.74 on Tuesday, hitting $94.42. The company had a trading volume of 4,992,956 shares, compared to its average volume of 4,911,388. The company’s fifty day moving average price is $89.57 and its 200-day moving average price is $78.76. The company has a market capitalization of $160.17 billion, a PE ratio of 40.70, a PEG ratio of 2.07 and a beta of 1.33. Interactive Brokers Group has a 12-month low of $58.95 and a 12-month high of $97.84.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Barclays increased their target price on Interactive Brokers Group from $93.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Weiss Ratings raised Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Bank of America upped their price target on shares of Interactive Brokers Group from $83.00 to $106.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Wolfe Research started coverage on Interactive Brokers Group in a research report on Monday, June 8th. They set an “outperform” rating and a $101.00 target price on the stock. Finally, Keefe, Bruyette & Woods started coverage on shares of Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.89.

Insider Transactions at Interactive Brokers Group

In related news, Director Lawrence E. Harris sold 26,000 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the completion of the sale, the director directly owned 173,482 shares of the company’s stock, valued at approximately $13,345,970.26. This trade represents a 13.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IBKR. Quattro Advisors LLC purchased a new position in Interactive Brokers Group in the 4th quarter valued at approximately $113,000. Greenline Wealth Management LLC acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $94,000. AlphaCentric Advisors LLC acquired a new position in shares of Interactive Brokers Group in the fourth quarter worth about $98,000. Parallel Advisors LLC grew its stake in Interactive Brokers Group by 20.7% in the fourth quarter. Parallel Advisors LLC now owns 1,756 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 301 shares in the last quarter. Finally, Centaurus Financial Inc. bought a new position in Interactive Brokers Group in the third quarter worth about $143,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.