Interactive Brokers Group Inc. Announces Quarterly Dividend of $0.10 (IBKR)
Interactive Brokers Group Inc. (NASDAQ:IBKR) announced a quarterly dividend on Wednesday, October 19th. Investors of record on Thursday, December 1st will be paid a dividend of 0.10 per share on Wednesday, December 14th. This represents a $0.40 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Tuesday, November 29th.
Shares of Interactive Brokers Group (NASDAQ:IBKR) traded down 3.56% during mid-day trading on Wednesday, reaching $34.41. The company had a trading volume of 951,362 shares. Interactive Brokers Group has a 52 week low of $29.50 and a 52 week high of $44.85. The stock has a 50 day moving average of $35.85 and a 200-day moving average of $36.72. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 22.80 and a beta of 0.93.
Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, October 18th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.02. Interactive Brokers Group had a net margin of 6.35% and a return on equity of 1.80%. The business had revenue of $345 million for the quarter, compared to analyst estimates of $330.70 million. During the same period in the prior year, the company earned $0.35 earnings per share. The company’s quarterly revenue was down 3.9% on a year-over-year basis. On average, analysts expect that Interactive Brokers Group will post $1.65 earnings per share for the current fiscal year.
Separately, Zacks Investment Research upgraded Interactive Brokers Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 25th. Two equities research 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’s stock. The company presently has an average rating of “Hold” and a consensus target price of $40.58.
A number of hedge funds have recently bought and sold shares of the company. Pacad Investment Ltd. bought a new stake in Interactive Brokers Group during the second quarter valued at approximately $358,000. State of Wisconsin Investment Board raised its stake in Interactive Brokers Group by 3.0% in the second quarter. State of Wisconsin Investment Board now owns 41,196 shares of the company’s stock valued at $1,458,000 after buying an additional 1,200 shares during the period. Cipher Capital LP raised its stake in Interactive Brokers Group by 65.3% in the second quarter. Cipher Capital LP now owns 57,092 shares of the company’s stock valued at $2,021,000 after buying an additional 22,560 shares during the period. OMERS ADMINISTRATION Corp raised its stake in Interactive Brokers Group by 25.7% in the second quarter. OMERS ADMINISTRATION Corp now owns 61,100 shares of the company’s stock valued at $2,163,000 after buying an additional 12,500 shares during the period. Finally, Sei Investments Co. raised its stake in Interactive Brokers Group by 3.5% in the second quarter. Sei Investments Co. now owns 21,223 shares of the company’s stock valued at $751,000 after buying an additional 708 shares during the period. 84.60% of the stock is currently owned by hedge funds and other 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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