Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Analysts at Piper Sandler lifted their Q2 2021 earnings estimates for shares of Interactive Brokers Group in a research note issued to investors on Tuesday, April 20th. Piper Sandler analyst R. Repetto now forecasts that the financial services provider will post earnings per share of $0.79 for the quarter, up from their previous estimate of $0.77. Piper Sandler also issued estimates for Interactive Brokers Group’s Q3 2021 earnings at $0.65 EPS, Q4 2021 earnings at $0.63 EPS, FY2021 earnings at $3.02 EPS, Q1 2022 earnings at $0.69 EPS, Q2 2022 earnings at $0.79 EPS, Q3 2022 earnings at $0.72 EPS, Q4 2022 earnings at $0.72 EPS and FY2022 earnings at $2.91 EPS.
A number of other analysts have also issued reports on IBKR. Wells Fargo & Company raised their price target on Interactive Brokers Group from $58.00 to $66.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 20th. Jefferies Financial Group began coverage on Interactive Brokers Group in a research note on Thursday, March 11th. They issued a “buy” rating and a $89.00 price objective on the stock. Credit Suisse Group lifted their price objective on Interactive Brokers Group from $92.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday. Compass Point lifted their price objective on Interactive Brokers Group from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, January 20th. Finally, The Goldman Sachs Group lifted their price objective on Interactive Brokers Group from $73.00 to $83.00 and gave the company a “neutral” rating in a research note on Monday, April 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $77.43.
Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Monday, April 19th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. Interactive Brokers Group had a return on equity of 2.24% and a net margin of 6.90%. The firm had revenue of $893.00 million for the quarter, compared to analyst estimates of $622.65 million. During the same period last year, the company earned $0.69 EPS. The firm’s quarterly revenue was up 67.9% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 14th. Investors of record on Tuesday, June 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Friday, May 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 17.62%.
In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 12,695 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, January 29th. The stock was sold at an average price of $60.80, for a total transaction of $771,856.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock in a transaction that occurred on Monday, April 19th. The stock was sold at an average price of $76.99, for a total value of $1,539,800.00. Following the sale, the chairman now owns 8,047,711 shares in the company, valued at $619,593,269.89. The disclosure for this sale can be found here. Insiders have sold a total of 1,148,830 shares of company stock worth $84,697,501 over the last three months. 3.23% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC increased its holdings in Interactive Brokers Group by 1,011.5% during the 4th quarter. SG Americas Securities LLC now owns 27,976 shares of the financial services provider’s stock worth $1,704,000 after purchasing an additional 25,459 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Interactive Brokers Group during the 4th quarter worth approximately $999,000. Norges Bank purchased a new stake in Interactive Brokers Group during the 4th quarter worth approximately $47,763,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Interactive Brokers Group by 6.8% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 48,066 shares of the financial services provider’s stock worth $2,928,000 after purchasing an additional 3,066 shares during the last quarter. Finally, Twin Tree Management LP purchased a new stake in Interactive Brokers Group during the 4th quarter worth approximately $6,515,000. Institutional investors own 16.08% of the company’s stock.
Interactive Brokers Group Company Profile
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 serve the customers of both traditional brokers and prime brokers.
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