Interactive Brokers Group, Inc. (NASDAQ:IBKR) – SunTrust Banks increased their Q1 2018 EPS estimates for shares of Interactive Brokers Group in a note issued to investors on Wednesday. SunTrust Banks analyst D. Mewhirter now expects that the financial services provider will earn $0.47 per share for the quarter, up from their prior estimate of $0.41. SunTrust Banks currently has a “Hold” rating and a $60.00 target price on the stock. SunTrust Banks also issued estimates for Interactive Brokers Group’s Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.51 EPS, Q4 2018 earnings at $0.54 EPS, FY2018 earnings at $2.00 EPS and FY2019 earnings at $2.45 EPS.

A number of other brokerages have also issued reports on IBKR. BidaskClub lowered shares of Interactive Brokers Group from a “strong-buy” rating to a “buy” rating in a research report 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 report on Monday, January 8th. Finally, Goldman Sachs Group lowered 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 report on Monday, January 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $50.33.

Interactive Brokers Group (NASDAQ:IBKR) opened at $62.61 on Thursday. 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 $25,711.04, a P/E ratio of 58.51, a price-to-earnings-growth ratio of 3.33 and a beta of 1.02.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.07. Interactive Brokers Group had a net margin of 3.94% and a return on equity of 1.76%. The firm had revenue of $515.00 million for the quarter, compared to analysts’ expectations of $398.05 million. During the same period in the prior year, the firm earned $0.07 EPS. The business’s revenue was up 166.8% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.64%. Interactive Brokers Group’s payout ratio is presently 37.38%.

In related news, insider Thomas Aj Frank sold 33,700 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $49.38, for a total transaction of $1,664,106.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Paul Jonathan Brody sold 11,171 shares of the stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $49.36, for a total transaction of $551,400.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 345,321 shares of company stock worth $18,129,724. Company insiders own 3.41% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. boosted its position in shares of Interactive Brokers Group by 12.2% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 224,002 shares of the financial services provider’s stock worth $13,264,000 after acquiring an additional 24,381 shares in the last quarter. Creative Planning acquired a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $206,000. Cetera Advisors LLC acquired a new stake in shares of Interactive Brokers Group during the 3rd quarter worth approximately $243,000. Bares Capital Management Inc. boosted its position in shares of Interactive Brokers Group by 2.2% during the 3rd quarter. Bares Capital Management Inc. now owns 4,562,008 shares of the financial services provider’s stock worth $205,473,000 after acquiring an additional 97,099 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of Interactive Brokers Group by 9.0% during the 3rd quarter. California Public Employees Retirement System now owns 96,503 shares of the financial services provider’s stock worth $4,346,000 after acquiring an additional 8,003 shares in the last quarter. Institutional investors and hedge funds own 15.79% of the company’s stock.

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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.

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

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