StockNews.com began coverage on shares of Interactive Brokers Group (NASDAQ:IBKR – Get Rating) in a research report sent to investors on Thursday. The firm issued a hold rating on the financial services provider's stock.
A number of other equities research analysts also recently issued reports on the company. Jefferies Financial Group upped their price objective on Interactive Brokers Group from $91.00 to $104.00 and gave the company a buy rating in a research report on Tuesday, March 7th. Barclays upped their price objective on Interactive Brokers Group from $90.00 to $96.00 and gave the company an overweight rating in a research report on Wednesday, January 18th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Interactive Brokers Group currently has an average rating of Moderate Buy and a consensus price target of $96.17.
Get Interactive Brokers Group alerts:Interactive Brokers Group Trading Down 2.7 %
Shares of NASDAQ:IBKR traded down $2.11 during mid-day trading on Thursday, reaching $75.79. The stock had a trading volume of 651,064 shares, compared to its average volume of 1,235,523. The company has a market cap of $31.80 billion, a P/E ratio of 20.44, a price-to-earnings-growth ratio of 0.56 and a beta of 0.79. Interactive Brokers Group has a 1 year low of $52.18 and a 1 year high of $90.19. The business's 50 day moving average price is $82.37 and its 200 day moving average price is $75.72.
Interactive Brokers Group (NASDAQ:IBKR – Get Rating) last issued its quarterly earnings data on Tuesday, January 17th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.14. Interactive Brokers Group had a return on equity of 3.77% and a net margin of 9.30%. The business had revenue of $976.00 million for the quarter, compared to the consensus estimate of $926.75 million. Analysts predict that Interactive Brokers Group will post 5.53 earnings per share for the current fiscal year.
Interactive Brokers Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 14th. Stockholders of record on Wednesday, March 1st were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.53%. Interactive Brokers Group's payout ratio is 10.70%.
Insider Transactions at Interactive Brokers Group
In related news, Chairman Thomas Peterffy sold 20,000 shares of the stock in a transaction that occurred on Wednesday, January 11th. The stock was sold at an average price of $75.71, for a total value of $1,514,200.00. Following the transaction, the chairman now owns 1,836,105 shares of the company's stock, valued at $139,011,509.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have sold 160,000 shares of company stock worth $12,393,800. 5.72% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC grew its stake in Interactive Brokers Group by 20.5% in the third quarter. CWM LLC now owns 787 shares of the financial services provider's stock worth $50,000 after purchasing an additional 134 shares in the last quarter. Captrust Financial Advisors grew its stake in Interactive Brokers Group by 4.1% in the third quarter. Captrust Financial Advisors now owns 3,449 shares of the financial services provider's stock worth $220,000 after purchasing an additional 135 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in Interactive Brokers Group by 1.9% in the third quarter. Crossmark Global Holdings Inc. now owns 7,803 shares of the financial services provider's stock worth $498,000 after purchasing an additional 143 shares in the last quarter. Fifth Third Bancorp grew its stake in Interactive Brokers Group by 40.2% in the third quarter. Fifth Third Bancorp now owns 509 shares of the financial services provider's stock worth $33,000 after purchasing an additional 146 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in Interactive Brokers Group by 0.3% during the 3rd quarter. Bank of Montreal Can now owns 63,804 shares of the financial services provider's stock valued at $4,137,000 after acquiring an additional 192 shares in the last quarter. Institutional investors own 97.84% of the company's stock.
Interactive Brokers Group Company Profile
(Get Rating)
Interactive Brokers Group, Inc operates as an investment holding company, which engages in broker or dealer and proprietary trading businesses. It operates through the following segments: Electronic Brokerage and Corporate. The Electronic Brokerage segment is a direct market access broker, which serves the customers of both traditional brokers and prime brokers.
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