Interactive Brokers Group, Inc. (IBKR) to Distribute Quarterly Dividend of $0.09 on September 14th

Interactive Brokers Group, Inc. (NASDAQ:IBKR) declared a quarterly dividend on Tuesday, July 21st. Investors of record on Tuesday, September 1st will be paid a dividend of 0.0875 per share by the financial services provider on Monday, September 14th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Tuesday, September 1st.

Interactive Brokers Group has increased its dividend by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Interactive Brokers Group has a dividend payout ratio of 4.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Interactive Brokers Group to earn $2.91 per share next year, which means the company should continue to be able to cover its $0.35 annual dividend with an expected future payout ratio of 12.0%.

Interactive Brokers Group Stock Performance

IBKR stock opened at $93.50 on Thursday. Interactive Brokers Group has a fifty-two week low of $58.95 and a fifty-two week high of $97.84. The company has a market capitalization of $158.61 billion, a price-to-earnings ratio of 37.40, a price-to-earnings-growth ratio of 2.16 and a beta of 1.33. The business’s 50 day moving average price is $89.93 and its two-hundred day moving average price is $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, July 21st. The financial services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Interactive Brokers Group had a return on equity of 5.49% and a net margin of 9.94%.The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the business posted $0.51 EPS. The firm’s revenue for the quarter was up 28.1% compared to the same quarter last year. Sell-side analysts forecast that Interactive Brokers Group will post 2.55 earnings per share for the current year.

Insider Buying and Selling at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 26,000 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the transaction, the director directly owned 173,482 shares of the company’s stock, valued at $13,345,970.26. This represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Interactive Brokers Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Reflection Asset Management bought a new position in Interactive Brokers Group during the fourth quarter valued at approximately $26,000. IMA Advisory Services Inc. raised its stake in Interactive Brokers Group by 64.3% during the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock valued at $29,000 after buying an additional 178 shares during the last quarter. Tobam bought a new position in shares of Interactive Brokers Group during the 4th quarter valued at $30,000. Entrust Financial LLC bought a new position in shares of Interactive Brokers Group during the 4th quarter valued at $31,000. Finally, SHP Wealth Management purchased a new position in shares of Interactive Brokers Group in the 4th quarter worth $31,000. Institutional investors own 23.80% of the company’s stock.

About Interactive Brokers Group

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.