Interactive Brokers Group, Inc. (NASDAQ:IBKR) Plans Quarterly Dividend of $0.10
Interactive Brokers Group, Inc. (NASDAQ:IBKR) declared a quarterly dividend on Wednesday, July 19th, Wall Street Journal reports. Stockholders of record on Friday, September 1st will be paid a dividend of 0.10 per share by the financial services provider on Thursday, September 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Wednesday, August 30th.
Shares of Interactive Brokers Group (NASDAQ IBKR) traded down 1.04% during trading on Wednesday, hitting $37.21. 1,352,089 shares of the stock were exchanged. The firm has a market capitalization of $2.53 billion, a P/E ratio of 34.17 and a beta of 0.93. Interactive Brokers Group has a 52 week low of $31.97 and a 52 week high of $39.68. The firm has a 50 day moving average price of $36.94 and a 200 day moving average price of $36.49.
Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, July 18th. The financial services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.37 by $0.05. Interactive Brokers Group had a return on equity of 1.28% and a net margin of 5.45%. The business had revenue of $387 million for the quarter, compared to analyst estimates of $377.65 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. Analysts forecast that Interactive Brokers Group will post $1.49 EPS for the current fiscal year.
Several research firms recently commented on IBKR. Wells Fargo & Company downgraded shares of Interactive Brokers Group from a “market perform” rating to an “underperform” rating in a research report on Monday, April 3rd. SunTrust Banks, Inc. reiterated a “hold” rating and set a $38.00 target price on shares of Interactive Brokers Group in a research report on Thursday, July 6th. ValuEngine upgraded shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Thursday, June 8th. Rosenblatt Securities began coverage on shares of Interactive Brokers Group in a research report on Thursday, July 13th. They set a “neutral” rating and a $40.00 target price on the stock. Finally, Keefe, Bruyette & Woods downgraded shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $44.00 to $38.00 in a research report on Wednesday, April 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Interactive Brokers Group presently has an average rating of “Hold” and an average target price of $39.17.
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.
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