Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Research analysts at SunTrust Banks increased their Q3 2017 EPS estimates for Interactive Brokers Group in a research note issued to investors on Thursday. SunTrust Banks analyst D. Mewhirter now forecasts that the financial services provider will earn $0.35 per share for the quarter, up from their previous estimate of $0.34. SunTrust Banks currently has a “Hold” rating and a $38.00 target price on the stock. SunTrust Banks also issued estimates for Interactive Brokers Group’s FY2017 earnings at $1.31 EPS and Q4 2018 earnings at $0.45 EPS.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, April 18th. The financial services provider reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by $0.05. The firm had revenue of $374 million for the quarter, compared to the consensus estimate of $396.98 million. Interactive Brokers Group had a return on equity of 1.28% and a net margin of 5.45%. The business’s revenue for the quarter was down 23.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 earnings per share. WARNING: This piece of content was reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/07/07/q3-2017-eps-estimates-for-interactive-brokers-group-inc-nasdaqibkr-raised-by-analyst.html.

Other equities analysts also recently issued reports about the company. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $41.00 target price on shares of Interactive Brokers Group in a research report on Wednesday, April 12th. BidaskClub upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating and set a $41.00 price objective for the company in a research report on Tuesday, June 20th. ValuEngine upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Thursday, June 8th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $37.00 price objective on shares of Interactive Brokers Group in a research report on Saturday, March 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $38.80.

Interactive Brokers Group (NASDAQ IBKR) opened at 37.65 on Friday. Interactive Brokers Group has a 52-week low of $31.97 and a 52-week high of $39.68. The stock’s 50 day moving average price is $35.98 and its 200 day moving average price is $36.52. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 34.57 and a beta of 0.93.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 14th. Stockholders of record on Thursday, June 1st were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, May 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.06%. Interactive Brokers Group’s dividend payout ratio (DPR) is 36.04%.

A number of large investors have recently modified their holdings of IBKR. Elkfork Partners LLC increased its stake in shares of 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 worth $124,000 after buying an additional 1,056 shares during the last quarter. Meadow Creek Investment Management LLC increased its stake in shares of 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 worth $158,000 after buying an additional 1,344 shares during the last quarter. Glen Harbor Capital Management LLC increased its stake in shares of 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 worth $191,000 after buying an additional 1,632 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Interactive Brokers Group during the first quarter worth $203,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Interactive Brokers Group during the first quarter worth $224,000. Institutional investors and hedge funds own 14.34% 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.

Earnings History and Estimates for Interactive Brokers Group (NASDAQ:IBKR)

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