Interactive Brokers Group Upgraded to Outperform at Keefe, Bruyette & Woods (IBKR)
Interactive Brokers Group (NASDAQ:IBKR) was upgraded by equities researchers at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued on Wednesday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet downgraded shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note to investors on Thursday, January 23rd. Analysts at Zacks reiterated a “neutral” rating on shares of Interactive Brokers Group in a research note to investors on Wednesday, November 20th. They now have a $25.00 price target on the stock.
In other Interactive Brokers Group news, Chairman Earl Nemser sold 15,474 shares of the company’s stock on the open market in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $21.64, for a total value of $334,857.36. The sale was disclosed in a document filed with the SEC, which is available at this link.
Interactive Brokers Group (NASDAQ:IBKR) traded up 0.73% during mid-day trading on Wednesday, hitting $21.285. 645,329 shares of the company’s stock traded hands. Interactive Brokers Group has a one year low of $13.72 and a one year high of $25.03. The stock has a 50-day moving average of $23.5 and a 200-day moving average of $20.37. The company has a market cap of $1.118 billion and a price-to-earnings ratio of 28.95.
Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $0.07 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.19 by $0.12. The company had revenue of $249.90 million for the quarter, compared to the consensus estimate of $294.93 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. Analysts expect that Interactive Brokers Group will post $1.09 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of 0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Wednesday, February 26th.
Interactive Brokers Group, Inc (NASDAQ:IBKR) is a holding company.
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