Interactive Brokers Group Inc. (IBKR) Issues Quarterly Earnings Results, Misses Expectations By $0.04 EPS
Interactive Brokers Group Inc. (NASDAQ:IBKR) released its earnings results on Tuesday. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by $0.04. Interactive Brokers Group had a net margin of 6.35% and a return on equity of 1.80%.
Shares of Interactive Brokers Group (NASDAQ:IBKR) traded up 1.33% during trading on Tuesday, reaching $35.68. The company’s stock had a trading volume of 502,307 shares. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 23.64 and a beta of 0.93. Interactive Brokers Group has a one year low of $29.50 and a one year high of $44.85. The firm’s 50-day moving average price is $35.86 and its 200-day moving average price is $36.75.
Institutional investors have recently added to or reduced their stakes in the stock. Columbia Wanger Asset Management LLC acquired a new position in Interactive Brokers Group during the second quarter valued at about $28,917,000. Mitsubishi UFJ Trust & Banking Corp raised its position in Interactive Brokers Group by 63.2% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 690,880 shares of the company’s stock valued at $24,457,000 after buying an additional 267,610 shares during the last quarter. BlackRock Fund Advisors raised its position in Interactive Brokers Group by 5.2% in the second quarter. BlackRock Fund Advisors now owns 2,949,225 shares of the company’s stock valued at $104,403,000 after buying an additional 145,542 shares during the last quarter. Brookfield Asset Management Inc. acquired a new position in Interactive Brokers Group during the second quarter valued at about $4,602,000. Finally, Mackenzie Financial Corp acquired a new position in Interactive Brokers Group during the second quarter valued at about $2,622,000. Hedge funds and other institutional investors own 84.60% of the company’s stock.
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Separately, Zacks Investment Research lowered Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Tuesday, September 20th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $40.58.
About Interactive Brokers Group
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 100 electronic exchanges and trading venues around the world.
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