Q4 2017 EPS Estimates for Interactive Brokers Group, Inc. (IBKR) Lifted by SunTrust Banks
Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Investment analysts at SunTrust Banks boosted their Q4 2017 earnings estimates for Interactive Brokers Group in a research note issued on Wednesday. SunTrust Banks analyst D. Mewhirter now forecasts that the financial services provider will post earnings per share of $0.38 for the quarter, up from their prior estimate of $0.37. SunTrust Banks has a “Average” rating and a $48.00 price objective on the stock. SunTrust Banks also issued estimates for Interactive Brokers Group’s Q1 2018 earnings at $0.41 EPS, Q2 2018 earnings at $0.43 EPS, Q3 2018 earnings at $0.44 EPS, Q4 2018 earnings at $0.47 EPS and FY2018 earnings at $1.75 EPS.
Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, October 17th. The financial services provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.05. Interactive Brokers Group had a net margin of 5.29% and a return on equity of 1.35%. The business had revenue of $426.00 million during the quarter, compared to the consensus estimate of $382.85 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The business’s quarterly revenue was up 23.5% compared to the same quarter last year. COPYRIGHT VIOLATION NOTICE: “Q4 2017 EPS Estimates for Interactive Brokers Group, Inc. (IBKR) Lifted by SunTrust Banks” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/11/02/q4-2017-eps-estimates-for-interactive-brokers-group-inc-ibkr-lifted-by-suntrust-banks.html.
A number of other brokerages also recently weighed in on IBKR. Zacks Investment Research raised shares of Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Monday, July 10th. BidaskClub raised shares of Interactive Brokers Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Rosenblatt Securities initiated coverage on shares of Interactive Brokers Group in a research report on Thursday, July 13th. They set a “neutral” rating and a $40.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $41.67.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, December 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Thursday, November 30th. Interactive Brokers Group’s dividend payout ratio is currently 34.48%.
In related news, insider Thomas Aj Frank sold 44,784 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $53.23, for a total transaction of $2,383,852.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Denis Mendonca sold 1,156 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $49.50, for a total transaction of $57,222.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,250,853 shares of company stock valued at $56,342,357. Company insiders own 3.41% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its stake in Interactive Brokers Group by 27.9% during 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 during the last quarter. Riverhead Capital Management LLC raised its holdings in shares of Interactive Brokers Group by 71.9% during the second quarter. Riverhead Capital Management LLC now owns 3,095 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 1,295 shares during the period. Everence Capital Management Inc. acquired a new stake in shares of Interactive Brokers Group during the third quarter valued at approximately $224,000. Hartford Investment Management Co. acquired a new stake in shares of Interactive Brokers Group during the second quarter valued at approximately $239,000. Finally, Shelton Capital Management acquired a new stake in shares of Interactive Brokers Group during the second quarter valued at approximately $253,000. 14.99% 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.
Receive News & Ratings for Interactive Brokers Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interactive Brokers Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.