Interactive Brokers Group (IBKR) Releases Earnings Results, Beats Expectations By $0.07 EPS
Interactive Brokers Group (NASDAQ:IBKR) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07, Briefing.com reports. Interactive Brokers Group had a net margin of 5.29% and a return on equity of 1.35%. The firm had revenue of $515.00 million during the quarter, compared to the consensus estimate of $398.05 million. During the same quarter in the previous year, the firm posted $0.07 EPS. The company’s revenue for the quarter was up 166.8% compared to the same quarter last year.
Interactive Brokers Group (IBKR) traded down $0.65 on Wednesday, hitting $62.45. 1,512,400 shares of the company were exchanged, compared to its average volume of 903,040. Interactive Brokers Group has a 52 week low of $33.01 and a 52 week high of $64.03. The stock has a market cap of $25,700.00, a PE ratio of 53.84, a price-to-earnings-growth ratio of 3.37 and a beta of 1.02.
A number of research firms recently weighed in on IBKR. SunTrust Banks lifted their target price on shares of Interactive Brokers Group from $48.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday. They noted that the move was a valuation call. BidaskClub cut shares of Interactive Brokers Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 16th. Zacks Investment Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating and set a $68.00 target price on the stock in a research note on Monday, January 8th. Finally, Goldman Sachs Group cut shares of Interactive Brokers Group from a “neutral” rating to a “sell” rating and set a $59.00 target price on the stock. in a research note on Monday, January 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $50.33.
A hedge fund recently raised its stake in Interactive Brokers Group stock. The Manufacturers Life Insurance Company boosted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 27.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,966 shares of the financial services provider’s stock after purchasing an additional 647 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Interactive Brokers Group were worth $111,000 as of its most recent SEC filing. 15.79% of the stock is currently owned by hedge funds and other institutional investors.
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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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