Interactive Brokers Group Inc. (IBKR) Issues Quarterly Earnings Results, Misses Expectations By $0.04 EPS
Interactive Brokers Group Inc. (NASDAQ:IBKR) released its quarterly earnings results on Tuesday. The company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by $0.04. Interactive Brokers Group had a return on equity of 1.80% and a net margin of 6.35%.
Shares of Interactive Brokers Group (NASDAQ:IBKR) traded up 1.33% during trading on Tuesday, reaching $35.68. The company’s stock had a trading volume of 502,307 shares. The stock has a 50-day moving average of $35.86 and a 200-day moving average of $36.75. Interactive Brokers Group has a 52-week low of $29.50 and a 52-week high of $44.85. The stock has a market cap of $2.40 billion, a P/E ratio of 23.64 and a beta of 0.93.
Separately, Zacks Investment Research cut Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $40.58.
Several institutional investors have recently added to or reduced their stakes in the stock. Columbia Wanger Asset Management LLC acquired a new position in Interactive Brokers Group during the second quarter valued at about $28,917,000. Mitsubishi UFJ Trust & Banking Corp raised its position in Interactive Brokers Group by 63.2% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 690,880 shares of the company’s stock valued at $24,457,000 after buying an additional 267,610 shares in the last quarter. BlackRock Fund Advisors raised its position in Interactive Brokers Group by 5.2% in the second quarter. BlackRock Fund Advisors now owns 2,949,225 shares of the company’s stock valued at $104,403,000 after buying an additional 145,542 shares in the last quarter. Brookfield Asset Management Inc. acquired a new position in Interactive Brokers Group during the second quarter valued at about $4,602,000. Finally, Mackenzie Financial Corp acquired a new position in Interactive Brokers Group during the second quarter valued at about $2,622,000. 84.60% of the stock is owned by institutional investors.
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 100 electronic exchanges and trading venues around the world.
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