Interactive Brokers Group Inc. (IBKR) Receives Average Rating of “Hold” from Brokerages
Interactive Brokers Group Inc. (NASDAQ:IBKR) has been given a consensus rating of “Hold” by the six analysts that are presently covering the firm. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $40.22.
Separately, Zacks Investment Research downgraded Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 27th.
Shares of Interactive Brokers Group (NASDAQ:IBKR) traded down 0.42% during trading on Monday, hitting $37.87. The company had a trading volume of 65,650 shares. The stock has a 50-day moving average of $35.28 and a 200 day moving average of $36.02. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 25.96 and a beta of 0.97. Interactive Brokers Group has a 12-month low of $29.50 and a 12-month high of $44.85.
Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, October 18th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by $0.02. The firm earned $345 million during the quarter, compared to the consensus estimate of $330.70 million. Interactive Brokers Group had a net margin of 6.26% and a return on equity of 1.72%. Interactive Brokers Group’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 earnings per share. On average, analysts predict that Interactive Brokers Group will post $1.59 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Thursday, December 1st will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.05%. Interactive Brokers Group’s dividend payout ratio (DPR) is 27.40%.
Several institutional investors have recently modified their holdings of IBKR. Baillie Gifford & Co. increased its position in shares of Interactive Brokers Group by 418.7% in the second quarter. Baillie Gifford & Co. now owns 5,639,535 shares of the company’s stock worth $199,639,000 after buying an additional 4,552,259 shares during the period. Scopia Capital Management LP increased its position in shares of Interactive Brokers Group by 88.1% in the first quarter. Scopia Capital Management LP now owns 3,537,665 shares of the company’s stock worth $139,101,000 after buying an additional 1,656,925 shares during the period. BlueMountain Capital Management LLC acquired a new stake in shares of Interactive Brokers Group during the first quarter worth $49,949,000. Fiera Capital Corp acquired a new stake in shares of Interactive Brokers Group during the second quarter worth $33,675,000. Finally, Columbia Wanger Asset Management LLC acquired a new stake in shares of Interactive Brokers Group during the second quarter worth $28,917,000. Institutional investors own 86.02% of the company’s stock.
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.
Receive News & Stock Ratings for Interactive Brokers Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interactive Brokers Group Inc. and related stocks with our FREE daily email newsletter.