Interactive Brokers Group, Inc. (NASDAQ:IBKR) to Post Q3 2017 Earnings of $0.34 Per Share, SunTrust Banks Forecasts
Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Investment analysts at SunTrust Banks decreased their Q3 2017 earnings per share estimates for shares of Interactive Brokers Group in a research report issued on Wednesday. SunTrust Banks analyst D. Mewhirter now forecasts that the financial services provider will post earnings per share of $0.34 for the quarter, down from their previous forecast of $0.35. 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 Q4 2018 earnings at $0.44 EPS.
A number of other analysts have also recently weighed in on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and set a $41.00 price objective on shares of Interactive Brokers Group in a report on Wednesday, April 12th. Zacks Investment Research raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. Wells Fargo & Company cut shares of Interactive Brokers Group from a “market perform” rating to an “underperform” rating in a report on Monday, April 3rd. ValuEngine raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Thursday, June 8th. Finally, BidaskClub raised shares of Interactive Brokers Group from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $39.17.
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Interactive Brokers Group (IBKR) opened at 37.53 on Friday. The firm’s 50-day moving average is $37.08 and its 200-day moving average is $36.50. Interactive Brokers Group has a 52 week low of $31.97 and a 52 week high of $39.68. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 34.46 and a beta of 0.93.
Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.05. Interactive Brokers Group had a net margin of 4.97% and a return on equity of 1.19%. The company had revenue of $387 million for the quarter, compared to analyst estimates of $377.65 million. During the same quarter in the previous year, the company posted $0.40 EPS. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.07%. Interactive Brokers Group’s payout ratio is currently 38.84%.
Several institutional investors have recently made changes to their positions in IBKR. State Street Corp boosted its position in shares of Interactive Brokers Group by 7.7% in the fourth quarter. State Street Corp now owns 1,067,063 shares of the financial services provider’s stock worth $38,958,000 after buying an additional 75,971 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Interactive Brokers Group during the fourth quarter worth approximately $341,000. Guggenheim Capital LLC boosted its position in shares of Interactive Brokers Group by 16.8% in the fourth quarter. Guggenheim Capital LLC now owns 47,444 shares of the financial services provider’s stock worth $1,733,000 after buying an additional 6,811 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of Interactive Brokers Group by 11.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 19,929 shares of the financial services provider’s stock worth $728,000 after buying an additional 2,000 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Interactive Brokers Group during the fourth quarter worth approximately $19,772,000. 14.33% of the stock is currently owned by institutional investors and hedge funds.
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 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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