Interactive Brokers Group, Inc. (NASDAQ:IBKR) Vice Chairman Earl H. Nemser sold 1,624 shares of Interactive Brokers Group stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $43.42, for a total value of $70,514.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Interactive Brokers Group, Inc. (IBKR) traded up 0.94% during midday trading on Friday, reaching $44.01. The company’s stock had a trading volume of 325,587 shares. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 42.98 and a beta of 0.94. Interactive Brokers Group, Inc. has a one year low of $31.97 and a one year high of $44.04. The stock’s 50 day moving average price is $41.44 and its 200-day moving average price is $37.48.
Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.05). The company had revenue of $387.00 million during the quarter, compared to analysts’ expectations of $377.65 million. Interactive Brokers Group had a net margin of 4.97% and a return on equity of 1.19%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 earnings per share. On average, analysts forecast that Interactive Brokers Group, Inc. will post $1.51 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Friday, September 1st were issued a $0.10 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.92%. Interactive Brokers Group’s payout ratio is 38.84%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Interactive Brokers Group by 75,132.1% during the 1st quarter. BlackRock Inc. now owns 6,629,451 shares of the financial services provider’s stock worth $230,176,000 after buying an additional 6,620,639 shares during the last quarter. Baillie Gifford & Co. boosted its position in Interactive Brokers Group by 3.8% in the 2nd quarter. Baillie Gifford & Co. now owns 5,941,025 shares of the financial services provider’s stock valued at $222,313,000 after buying an additional 215,591 shares during the period. Vanguard Group Inc. boosted its position in Interactive Brokers Group by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 5,882,768 shares of the financial services provider’s stock valued at $220,132,000 after buying an additional 60,630 shares during the period. Bares Capital Management Inc. boosted its position in Interactive Brokers Group by 24.4% in the 1st quarter. Bares Capital Management Inc. now owns 4,014,605 shares of the financial services provider’s stock valued at $139,387,000 after buying an additional 788,086 shares during the period. Finally, TPG Group Holdings SBS Advisors Inc. boosted its position in Interactive Brokers Group by 7.4% in the 2nd quarter. TPG Group Holdings SBS Advisors Inc. now owns 2,344,251 shares of the financial services provider’s stock valued at $87,722,000 after buying an additional 162,435 shares during the period. Institutional investors and hedge funds own 15.01% of the company’s stock.
Several equities analysts recently weighed in on IBKR shares. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Interactive Brokers Group in a research report on Friday, May 26th. Zacks Investment Research upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Monday, July 10th. BidaskClub upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Rosenblatt Securities started coverage on Interactive Brokers Group in a research report on Thursday, July 13th. They set a “neutral” rating and a $40.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Interactive Brokers Group currently has an average rating of “Hold” and a consensus target price of $40.00.
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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