Interactive Brokers Group (NASDAQ: IBKR) recently received a number of ratings updates from brokerages and research firms:

  • 1/8/2018 – Interactive Brokers Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $68.00 price target on the stock. According to Zacks, “Interactive Brokers’ shares have significantly outperformed the industry in the past six months. Nevertheless, the company has surpassed the Zacks Consensus Estimate for earnings in only one of the trailing four quarters. The company continues with its plans of streamlining operations and focus on strengthening its Electronic Brokerage segment. In sync with this, it sold U.S. options-market-making business (Timber Hill), which along with the other restructuring efforts will support financials. However, the company’s high dependence on IBG remains a concern because if IBG LLC fails to provide sufficient funds to pay taxes or for any other purpose, its financial condition may suffer.”
  • 1/8/2018 – Interactive Brokers Group was downgraded by analysts at Goldman Sachs Group Inc from a “neutral” rating to a “sell” rating. They now have a $59.00 price target on the stock.
  • 1/4/2018 – Interactive Brokers Group was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 1/3/2018 – Interactive Brokers Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Interactive Brokers’ shares have significantly outperformed the industry in the past six months. Nevertheless, the company has surpassed the Zacks Consensus Estimate for earnings in only one of the trailing four quarters. The company continues with its plans of streamlining operations and focus on strengthening its Electronic Brokerage segment. In sync with this, it sold U.S. options-market-making business (Timber Hill), which along with the other restructuring efforts should support financials. However, the company’s high dependence on IBG remains a concern. If IBG LLC fails to provide sufficient funds to pay taxes or for any other purpose, its financial condition may suffer significantly.”
  • 12/16/2017 – Interactive Brokers Group was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

Interactive Brokers Group, Inc. (IBKR) opened at $62.15 on Thursday. The firm has a market cap of $25,700.00, a PE ratio of 53.58, a price-to-earnings-growth ratio of 3.22 and a beta of 1.02. Interactive Brokers Group, Inc. has a 1 year low of $33.01 and a 1 year high of $62.85.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, October 17th. The financial services provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The firm had revenue of $426.00 million during the quarter, compared to analyst estimates of $382.85 million. Interactive Brokers Group had a net margin of 5.29% and a return on equity of 1.35%. The company’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter last year, the business earned $0.30 earnings per share. equities analysts expect that Interactive Brokers Group, Inc. will post 1.49 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Friday, December 1st were given a dividend of $0.10 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.64%. Interactive Brokers Group’s dividend payout ratio is presently 34.48%.

In other news, Vice Chairman Earl H. Nemser sold 1,675 shares of the stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $47.56, for a total value of $79,663.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 1,683 shares of the stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $48.65, for a total transaction of $81,877.95. The disclosure for this sale can be found here. Insiders have sold 438,338 shares of company stock valued at $22,604,165 in the last quarter. Company insiders own 3.41% of the company’s stock.

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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