Interactive Brokers Group Rating Increased to Outperform at Zacks (IBKR)
Interactive Brokers Group (NASDAQ:IBKR) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Tuesday. The firm currently has a $25.50 price target on the stock. Zacks‘s price target would suggest a potential upside of 12.53% from the stock’s previous close.
Zacks’ analyst wrote, “We are upgrading our long-term recommendation on Interactive Brokers to Outperform based on its impressive first quarter 2014 results. Adjusted earnings outpaced the Zacks Consensus Estimate driven by significant improvement across both Electronic Brokerage and Market Making segments. However, these positives were partially offset by increase in expenses. Though the Market Making segment benefited from the prevalent volatility during the quarter, we remain skeptical about its sustainability. Nevertheless, high barriers to entry, strong liquidity position, better-than-peer positioning and technological excellence keep us optimistic.”
Separately, analysts at TheStreet upgraded shares of Interactive Brokers Group from a “hold” rating to a “buy” rating in a research note on Tuesday, May 6th.
Interactive Brokers Group (NASDAQ:IBKR) traded up 2.43% during mid-day trading on Tuesday, hitting $23.21. The stock had a trading volume of 139,338 shares. Interactive Brokers Group has a 52-week low of $15.43 and a 52-week high of $25.03. The stock’s 50-day moving average is $22.87 and its 200-day moving average is $22.84. The company has a market cap of $1.269 billion and a price-to-earnings ratio of 24.24.
Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, April 15th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.06. The company had revenue of $355.00 million for the quarter, compared to the consensus estimate of $314.80 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 64.4% on a year-over-year basis. On average, analysts predict that Interactive Brokers Group will post $1.21 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Wednesday, May 28th.
Interactive Brokers Group, Inc (NASDAQ:IBKR) is a holding company.
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