$0.37 EPS Expected for Interactive Brokers Group, Inc. (IBKR) This Quarter
Analysts predict that Interactive Brokers Group, Inc. (NASDAQ:IBKR) will report earnings of $0.37 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Interactive Brokers Group’s earnings, with the lowest EPS estimate coming in at $0.36 and the highest estimate coming in at $0.38. Interactive Brokers Group reported earnings of $0.07 per share during the same quarter last year, which suggests a positive year over year growth rate of 428.6%. The firm is scheduled to report its next earnings report on Tuesday, January 16th.
On average, analysts expect that Interactive Brokers Group will report full year earnings of $1.63 per share for the current fiscal year, with EPS estimates ranging from $1.62 to $1.64. For the next financial year, analysts forecast that the business will post earnings of $1.70 per share, with EPS estimates ranging from $1.65 to $1.75. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for Interactive Brokers Group.
Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, October 17th. The financial services provider reported $0.43 EPS 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 company had revenue of $426.00 million during the quarter, compared to analysts’ expectations of $382.85 million. During the same period last year, the company posted $0.30 earnings per share. The business’s revenue for the quarter was up 23.5% on a year-over-year basis.
In related news, CFO Paul Jonathan Brody sold 11,380 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $41.38, for a total transaction of $470,904.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thomas Aj Frank sold 16,240 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $41.39, for a total transaction of $672,173.60. The disclosure for this sale can be found here. Insiders sold 1,063,239 shares of company stock valued at $50,672,673 over the last three months. 3.41% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of IBKR. Teachers Advisors LLC raised its position in Interactive Brokers Group by 2.6% during the first quarter. Teachers Advisors LLC now owns 68,656 shares of the financial services provider’s stock valued at $2,384,000 after acquiring an additional 1,771 shares in the last quarter. Aperio Group LLC raised its position in Interactive Brokers Group by 16.9% during the second quarter. Aperio Group LLC now owns 12,321 shares of the financial services provider’s stock valued at $461,000 after acquiring an additional 1,785 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in Interactive Brokers Group by 3.3% during the second quarter. Municipal Employees Retirement System of Michigan now owns 16,050 shares of the financial services provider’s stock valued at $601,000 after acquiring an additional 520 shares in the last quarter. Great West Life Assurance Co. Can raised its position in Interactive Brokers Group by 3.7% during the second quarter. Great West Life Assurance Co. Can now owns 98,259 shares of the financial services provider’s stock valued at $3,675,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Texas Permanent School Fund raised its position in shares of Interactive Brokers Group by 0.8% in the second quarter. Texas Permanent School Fund now owns 49,638 shares of the financial services provider’s stock valued at $1,857,000 after purchasing an additional 416 shares during the period. 15.80% of the stock is currently owned by hedge funds and other institutional investors.
Interactive Brokers Group (IBKR) opened at $58.85 on Wednesday. Interactive Brokers Group has a fifty-two week low of $33.01 and a fifty-two week high of $60.12. The company has a market cap of $24,390.00, a PE ratio of 50.07, a price-to-earnings-growth ratio of 2.94 and a beta of 1.02.
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 given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Thursday, November 30th. Interactive Brokers Group’s dividend payout ratio (DPR) is 34.48%.
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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