Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) – Stock analysts at Zacks Research cut their Q3 2023 EPS estimates for shares of Interactive Brokers Group in a research note issued to investors on Tuesday, October 3rd. Zacks Research analyst S. Shah now anticipates that the financial services provider will earn $1.43 per share for the quarter, down from their prior estimate of $1.44. The consensus estimate for Interactive Brokers Group’s current full-year earnings is $5.62 per share.
Several other analysts also recently commented on IBKR. UBS Group initiated coverage on shares of Interactive Brokers Group in a research report on Tuesday. They set a “buy” rating and a $113.00 price objective for the company. StockNews.com initiated coverage on Interactive Brokers Group in a research report on Thursday. They issued a “hold” rating for the company. The Goldman Sachs Group assumed coverage on Interactive Brokers Group in a research note on Tuesday, September 19th. They issued a “neutral” rating and a $97.00 price objective for the company. Finally, Barclays boosted their price objective on Interactive Brokers Group from $97.00 to $106.00 in a report on Thursday, July 13th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $111.14.
Interactive Brokers Group Stock Performance
Shares of IBKR stock opened at $89.67 on Friday. Interactive Brokers Group has a fifty-two week low of $66.89 and a fifty-two week high of $95.59. The stock has a 50 day simple moving average of $90.51 and a two-hundred day simple moving average of $83.84. The company has a market cap of $37.75 billion, a P/E ratio of 18.30, a PEG ratio of 0.70 and a beta of 0.79.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.08). The business had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $1.06 billion. Interactive Brokers Group had a return on equity of 4.41% and a net margin of 8.14%. The business’s revenue was up 52.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.84 earnings per share.
Hedge Funds Weigh In On Interactive Brokers Group
A number of hedge funds and other institutional investors have recently made changes to their positions in IBKR. Venturi Wealth Management LLC purchased a new position in Interactive Brokers Group in the first quarter valued at approximately $26,000. Banque Cantonale Vaudoise purchased a new position in shares of Interactive Brokers Group during the 1st quarter valued at $31,000. Atlas Capital Advisors LLC purchased a new stake in Interactive Brokers Group in the 1st quarter worth about $40,000. Eagle Bay Advisors LLC purchased a new stake in Interactive Brokers Group in the 2nd quarter worth about $31,000. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in Interactive Brokers Group by 45.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 573 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 179 shares during the period. 21.56% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Interactive Brokers Group
In other news, CFO Paul Jonathan Brody sold 11,747 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $94.64, for a total value of $1,111,736.08. Following the completion of the sale, the chief financial officer now owns 488,253 shares in the company, valued at approximately $46,208,263.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Thomas Aj Frank sold 21,246 shares of Interactive Brokers Group stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $92.47, for a total transaction of $1,964,617.62. Following the sale, the insider now directly owns 988,054 shares in the company, valued at $91,365,353.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Paul Jonathan Brody sold 11,747 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $94.64, for a total value of $1,111,736.08. Following the completion of the transaction, the chief financial officer now owns 488,253 shares of the company’s stock, valued at approximately $46,208,263.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 340,904 shares of company stock worth $30,566,850. Corporate insiders own 3.34% of the company’s stock.
Interactive Brokers Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Friday, September 1st were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Thursday, August 31st. Interactive Brokers Group’s payout ratio is currently 8.16%.
Interactive Brokers Group Company Profile
Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in routing, executing, and processing trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.
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