Interactive Brokers Group (IBKR) Hits New 1-Year High at $60.54
Interactive Brokers Group, Inc. (NASDAQ:IBKR) shares hit a new 52-week high on Thursday . The stock traded as high as $60.54 and last traded at $59.05, with a volume of 351800 shares. The stock had previously closed at $58.85.
Several brokerages have commented on IBKR. Zacks Investment Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Tuesday, September 19th. BidaskClub upgraded shares of Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. Finally, SunTrust Banks boosted their price target on shares of Interactive Brokers Group to $48.00 and gave the stock an “average” rating in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $41.67.
The company has a market cap of $24,228.90, a PE ratio of 50.73, a PEG ratio of 2.98 and a beta of 1.03.
Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, October 17th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.05. The firm had revenue of $426.00 million for the quarter, compared to analysts’ expectations of $382.85 million. Interactive Brokers Group had a net margin of 5.29% and a return on equity of 1.35%. The business’s revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 EPS. equities analysts expect that Interactive Brokers Group, Inc. will post 1.47 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, December 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, November 30th. Interactive Brokers Group’s dividend payout ratio is 34.48%.
In other Interactive Brokers Group news, CAO Denis Mendonca sold 1,156 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $49.50, for a total value of $57,222.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Thomas Aj Frank sold 16,240 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $41.39, for a total transaction of $672,173.60. The disclosure for this sale can be found here. Insiders have sold a total of 1,063,239 shares of company stock worth $50,672,673 over the last 90 days. Corporate insiders own 3.41% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Baillie Gifford & Co. grew its stake 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 worth $222,313,000 after acquiring an additional 215,591 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Interactive Brokers Group by 4.0% during the third quarter. Prudential Financial Inc. now owns 115,814 shares of the financial services provider’s stock valued at $5,216,000 after purchasing an additional 4,475 shares in the last quarter. Quinn Opportunity Partners LLC boosted its stake in shares of Interactive Brokers Group by 10.1% during the second quarter. Quinn Opportunity Partners LLC now owns 380,856 shares of the financial services provider’s stock valued at $14,252,000 after purchasing an additional 35,000 shares in the last quarter. Shelton Capital Management bought a new position in shares of Interactive Brokers Group during the second quarter valued at approximately $253,000. Finally, Micawber Capital LLC boosted its stake in shares of Interactive Brokers Group by 8.4% during the second quarter. Micawber Capital LLC now owns 63,270 shares of the financial services provider’s stock valued at $2,368,000 after purchasing an additional 4,923 shares in the last quarter. Institutional investors and hedge funds own 15.80% of the company’s stock.
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Interactive Brokers Group Company Profile
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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