Analysts predict that Interactive Brokers Group, Inc. (NASDAQ:IBKR) will report $342.50 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Interactive Brokers Group’s earnings, with the lowest sales estimate coming in at $339.00 million and the highest estimate coming in at $346.00 million. Interactive Brokers Group reported sales of $369.00 million in the same quarter last year, which would suggest a negative year over year growth rate of 7.2%. The company is scheduled to report its next quarterly earnings results on Tuesday, July 18th.

According to Zacks, analysts expect that Interactive Brokers Group will report full year sales of $342.50 million for the current fiscal year, with estimates ranging from $1.40 billion to $1.59 billion. For the next financial year, analysts forecast that the firm will post sales of $1.66 billion per share, with estimates ranging from $1.52 billion to $1.81 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Interactive Brokers Group.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, April 18th. The financial services provider reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.05. Interactive Brokers Group had a return on equity of 1.28% and a net margin of 5.45%. The company had revenue of $374 million during the quarter, compared to the consensus estimate of $396.98 million. During the same period in the prior year, the business posted $0.51 earnings per share. Interactive Brokers Group’s revenue for the quarter was down 23.5% compared to the same quarter last year.

IBKR has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Interactive Brokers Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 7th. SunTrust Banks, Inc. reissued a “hold” rating and set a $38.00 target price on shares of Interactive Brokers Group in a research note on Saturday, March 11th. Wells Fargo & Company reissued a “market perform” rating and set a $37.00 target price on shares of Interactive Brokers Group in a research note on Saturday, March 11th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $41.00 target price on shares of Interactive Brokers Group in a research note on Wednesday, April 12th. Finally, ValuEngine raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $39.20.

Shares of Interactive Brokers Group (IBKR) traded up 0.73% during trading on Friday, reaching $37.01. The company had a trading volume of 474,916 shares. The company’s 50 day moving average is $35.38 and its 200-day moving average is $36.57. Interactive Brokers Group has a 1-year low of $31.97 and a 1-year high of $40.07. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 33.99 and a beta of 0.93.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 14th. Investors of record on Thursday, June 1st will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, May 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.08%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 36.04%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 1832 Asset Management L.P. increased its position in Interactive Brokers Group by 10.0% in the third quarter. 1832 Asset Management L.P. now owns 39,700 shares of the financial services provider’s stock valued at $1,400,000 after buying an additional 3,600 shares during the period. Brookfield Asset Management Inc. increased its position in Interactive Brokers Group by 86.9% in the third quarter. Brookfield Asset Management Inc. now owns 243,000 shares of the financial services provider’s stock valued at $8,571,000 after buying an additional 113,000 shares during the period. Russell Investments Group Ltd. bought a new position in Interactive Brokers Group during the fourth quarter valued at $5,375,000. Comerica Bank increased its position in Interactive Brokers Group by 6.5% in the fourth quarter. Comerica Bank now owns 72,568 shares of the financial services provider’s stock valued at $2,814,000 after buying an additional 4,443 shares during the period. Finally, State Street Corp increased its position in Interactive Brokers Group by 7.7% in the fourth quarter. State Street Corp now owns 1,067,063 shares of the financial services provider’s stock valued at $38,958,000 after buying an additional 75,971 shares during the period. Hedge funds and other institutional investors own 86.61% of the company’s stock.

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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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