Interactive Brokers Group, Inc. Plans Quarterly Dividend of $0.10 (IBKR)
Interactive Brokers Group, Inc. (NASDAQ:IBKR) declared a quarterly dividend on Wednesday, October 18th, Wall Street Journal reports. Investors of record on Friday, December 1st will be given a dividend of 0.10 per share by the financial services provider on Thursday, December 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Thursday, November 30th.
Interactive Brokers Group (NASDAQ IBKR) traded up 4.98% during trading on Wednesday, hitting $49.76. The company had a trading volume of 1,687,729 shares. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 48.59 and a beta of 0.96. Interactive Brokers Group has a 1-year low of $31.97 and a 1-year high of $50.73. The company’s 50 day moving average price is $44.11 and its 200-day moving average price is $38.77.
Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, October 17th. The financial services provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.06. The company had revenue of $426.00 million during the quarter, compared to analysts’ expectations of $382.85 million. Interactive Brokers Group had a return on equity of 1.19% and a net margin of 4.97%. Interactive Brokers Group’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 EPS. On average, analysts expect that Interactive Brokers Group will post $1.56 EPS for the current year.
Several equities research analysts recently weighed in on IBKR shares. Zacks Investment Research upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Monday, July 10th. BidaskClub upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. SunTrust Banks, Inc. restated a “hold” rating and set a $38.00 target price on shares of Interactive Brokers Group in a report on Thursday, July 6th. Keefe, Bruyette & Woods restated a “hold” rating and set a $38.00 target price on shares of Interactive Brokers Group in a report on Friday, June 30th. Finally, Rosenblatt Securities started 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. One analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $41.67.
In other Interactive Brokers Group news, insider Thomas Aj Frank sold 33,615 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $47.57, for a total value of $1,599,065.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul Jonathan Brody sold 11,310 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $40.42, for a total value of $457,150.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,052,530 shares of company stock valued at $45,998,077. Company insiders own 3.41% of the company’s stock.
A hedge fund recently raised its stake in Interactive Brokers Group stock. The Manufacturers Life Insurance Company grew its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 27.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,966 shares of the financial services provider’s stock after buying an additional 647 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Interactive Brokers Group were worth $111,000 at the end of the most recent quarter. 15.01% of the stock is owned by institutional investors and hedge funds.
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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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