Interactive Brokers Group, Inc. (IBKR) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have been given a consensus recommendation of “Hold” by the eight research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $41.00.
Several equities research analysts have issued reports on the company. BidaskClub raised Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a report on Monday, August 14th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $40.00 price target on shares of Interactive Brokers Group in a report on Wednesday, October 4th. Rosenblatt Securities initiated coverage on Interactive Brokers Group in a report on Thursday, July 13th. They set a “neutral” rating and a $40.00 target price for the company. Zacks Investment Research raised Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Tuesday, September 19th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $38.00 target price on shares of Interactive Brokers Group in a report on Friday, June 30th.
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Interactive Brokers Group (NASDAQ IBKR) opened at 47.79 on Thursday. Interactive Brokers Group has a 1-year low of $31.97 and a 1-year high of $48.15. The firm has a market capitalization of $3.42 billion, a PE ratio of 46.67 and a beta of 0.96. The company’s 50-day moving average is $43.74 and its 200 day moving average is $38.55.
Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the 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 business had revenue of $387.00 million for the quarter, compared to analyst estimates of $377.65 million. During the same period in the prior year, the business earned $0.40 EPS. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts expect that Interactive Brokers Group will post $1.55 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Friday, September 1st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Wednesday, August 30th. Interactive Brokers Group’s dividend payout ratio is currently 38.84%.
In related news, CFO Paul Jonathan Brody sold 11,519 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $40.60, for a total value of $467,671.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas Aj Frank sold 16,127 shares of the business’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $47.63, for a total value of $768,129.01. The disclosure for this sale can be found here. Insiders have sold 937,951 shares of company stock valued at $40,537,649 in the last three months. Insiders own 3.41% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its stake in Interactive Brokers Group by 27.9% in the second quarter. The Manufacturers Life Insurance Company now owns 2,966 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 647 shares in the last quarter. Riverhead Capital Management LLC raised its stake in Interactive Brokers Group by 71.9% in the second quarter. Riverhead Capital Management LLC now owns 3,095 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 1,295 shares in the last quarter. Hartford Investment Management Co. acquired a new position in Interactive Brokers Group in the second quarter valued at about $239,000. BlueCrest Capital Management Ltd acquired a new position in Interactive Brokers Group in the first quarter valued at about $224,000. Finally, Shelton Capital Management acquired a new position in Interactive Brokers Group in the second quarter valued at about $253,000. 15.01% of the stock is owned by institutional investors and hedge funds.
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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