Equities analysts forecast that Interactive Brokers Group, Inc. (NASDAQ:IBKR) will post $399.00 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Interactive Brokers Group’s earnings, with estimates ranging from $397.00 million to $401.00 million. Interactive Brokers Group posted sales of $193.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 106.7%. The company is expected to report its next quarterly earnings report after the market closes on Tuesday, January 16th.

According to Zacks, analysts expect that Interactive Brokers Group will report full year sales of $399.00 million for the current year, with estimates ranging from $1.58 billion to $1.59 billion. For the next fiscal year, analysts anticipate that the business will post sales of $1.74 billion per share, with estimates ranging from $1.71 billion to $1.77 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Interactive Brokers Group.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. Interactive Brokers Group had a return on equity of 1.35% and a net margin of 5.29%. The business had revenue of $426.00 million during the quarter, compared to analysts’ expectations of $382.85 million. During the same quarter last year, the company posted $0.30 earnings per share. Interactive Brokers Group’s quarterly revenue was up 23.5% on a year-over-year basis.

A number of research firms recently commented on IBKR. Zacks Investment Research upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Tuesday, September 19th. SunTrust Banks lifted their price target on Interactive Brokers Group to $48.00 and gave the stock an “average” rating in a report on Wednesday, October 18th. BidaskClub cut Interactive Brokers Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 16th. Finally, Goldman Sachs Group cut Interactive Brokers Group from a “neutral” rating to a “sell” rating and set a $59.00 price target for the company. in a report on Monday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a strong buy rating to the stock. Interactive Brokers Group currently has a consensus rating of “Hold” and an average price target of $48.33.

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 11,033 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $47.58, for a total transaction of $524,950.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Denis Mendonca sold 1,156 shares of Interactive Brokers Group 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. Insiders have sold 438,338 shares of company stock valued at $22,604,165 over the last 90 days. Company insiders own 3.41% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IBKR. Schwab Charles Investment Management Inc. raised its position in shares of Interactive Brokers Group by 1.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 182,308 shares of the financial services provider’s stock valued at $6,822,000 after buying an additional 3,009 shares in the last quarter. State of Wisconsin Investment Board raised its position in shares of Interactive Brokers Group by 3.8% in the second quarter. State of Wisconsin Investment Board now owns 13,137 shares of the financial services provider’s stock valued at $492,000 after buying an additional 480 shares in the last quarter. Utah Retirement Systems raised its position in shares of Interactive Brokers Group by 5.2% in the second quarter. Utah Retirement Systems now owns 12,084 shares of the financial services provider’s stock valued at $452,000 after buying an additional 600 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of Interactive Brokers Group by 45.1% in the second quarter. Neuberger Berman Group LLC now owns 35,547 shares of the financial services provider’s stock valued at $1,330,000 after buying an additional 11,051 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of Interactive Brokers Group by 2.2% in the second quarter. Swiss National Bank now owns 108,700 shares of the financial services provider’s stock valued at $4,068,000 after buying an additional 2,300 shares in the last quarter. Institutional investors own 15.79% of the company’s stock.

Interactive Brokers Group (NASDAQ IBKR) opened at $62.15 on Thursday. Interactive Brokers Group has a 1-year low of $33.01 and a 1-year high of $62.85. The company has a market capitalization of $25,700.00, a PE ratio of 53.58, a P/E/G ratio of 3.22 and a beta of 1.02.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Friday, December 1st were given a dividend of $0.10 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 0.64%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 34.48%.

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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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Earnings History and Estimates for Interactive Brokers Group (NASDAQ:IBKR)

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