Interactive Brokers Group, Inc. (NASDAQ:IBKR) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Thursday.
IBKR has been the topic of a number of other reports. Wells Fargo & Company lowered shares of Interactive Brokers Group from a “market perform” rating to an “underperform” rating in a report on Monday, April 3rd. SunTrust Banks, Inc. reissued a “hold” rating and set a $38.00 price objective on shares of Interactive Brokers Group in a report on Thursday. ValuEngine raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Thursday, June 8th. Keefe, Bruyette & Woods lowered shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $44.00 to $38.00 in a report on Wednesday, April 19th. Finally, Zacks Investment Research raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating and set a $41.00 price objective on the stock in a report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $38.80.
Interactive Brokers Group (NASDAQ:IBKR) opened at 37.44 on Thursday. The company has a market capitalization of $2.55 billion, a PE ratio of 34.38 and a beta of 0.93. The stock’s 50 day moving average price is $35.98 and its 200 day moving average price is $36.52. Interactive Brokers Group has a 12-month low of $31.97 and a 12-month high of $39.68.
Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, April 18th. The financial services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by $0.05. The company had revenue of $374 million for the quarter, compared to analysts’ expectations of $396.98 million. Interactive Brokers Group had a net margin of 5.45% and a return on equity of 1.28%. Interactive Brokers Group’s quarterly revenue was down 23.5% compared to the same quarter last year. During the same period last year, the firm earned $0.51 earnings per share. On average, equities analysts anticipate that Interactive Brokers Group will post $1.43 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 14th. Shareholders of record on Thursday, June 1st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.07%. The ex-dividend date was Tuesday, May 30th. Interactive Brokers Group’s payout ratio is 36.04%.
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A number of large investors have recently bought and sold shares of the stock. Elkfork Partners LLC raised its stake in Interactive Brokers Group by 42.1% in the first quarter. Elkfork Partners LLC now owns 3,564 shares of the financial services provider’s stock valued at $124,000 after buying an additional 1,056 shares during the last quarter. Meadow Creek Investment Management LLC raised its stake in Interactive Brokers Group by 42.1% in the first quarter. Meadow Creek Investment Management LLC now owns 4,536 shares of the financial services provider’s stock valued at $158,000 after buying an additional 1,344 shares during the last quarter. Glen Harbor Capital Management LLC raised its stake in Interactive Brokers Group by 42.1% in the first quarter. Glen Harbor Capital Management LLC now owns 5,508 shares of the financial services provider’s stock valued at $191,000 after buying an additional 1,632 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Interactive Brokers Group during the first quarter valued at approximately $203,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in Interactive Brokers Group during the first quarter valued at approximately $224,000. 14.34% of the stock is currently owned by institutional investors.
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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