Interactive Brokers Group, Inc. (NASDAQ:IBKR)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $40.53 and last traded at $40.55, with a volume of 139,114 shares changing hands. The stock had previously closed at $40.35.

IBKR has been the topic of several research reports. Zacks Investment Research lowered Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $38.00 price target on shares of Interactive Brokers Group in a research note on Friday, June 30th. Rosenblatt Securities initiated coverage on Interactive Brokers Group in a research note on Thursday, July 13th. They set a “neutral” rating and a $40.00 price target on the stock. BidaskClub lowered Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, ValuEngine raised Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. Interactive Brokers Group presently has an average rating of “Hold” and an average target price of $39.17.

The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 39.66 and a beta of 0.94. The stock’s 50-day moving average is $37.82 and its 200 day moving average is $36.54.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.05. Interactive Brokers Group had a net margin of 4.97% and a return on equity of 1.19%. The firm had revenue of $387 million for the quarter, compared to analyst estimates of $377.65 million. During the same period last year, the business earned $0.40 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts forecast that Interactive Brokers Group, Inc. will post $1.51 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Friday, September 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Wednesday, August 30th. Interactive Brokers Group’s dividend payout ratio (DPR) is 38.84%.

Several large investors have recently added to or reduced their stakes in IBKR. Legal & General Group Plc increased its stake in Interactive Brokers Group by 8.9% in the second quarter. Legal & General Group Plc now owns 129,081 shares of the financial services provider’s stock valued at $4,830,000 after buying an additional 10,558 shares during the period. State of Wisconsin Investment Board increased its stake in Interactive Brokers Group by 3.8% in the second quarter. State of Wisconsin Investment Board now owns 13,137 shares of the financial services provider’s stock valued at $492,000 after buying an additional 480 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Interactive Brokers Group by 1.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 182,308 shares of the financial services provider’s stock valued at $6,822,000 after buying an additional 3,009 shares during the period. Texas Permanent School Fund increased its stake in Interactive Brokers Group by 0.8% in the second quarter. Texas Permanent School Fund now owns 49,638 shares of the financial services provider’s stock valued at $1,857,000 after buying an additional 416 shares during the period. Finally, Great West Life Assurance Co. Can increased its stake in Interactive Brokers Group by 3.7% in the second quarter. Great West Life Assurance Co. Can now owns 98,259 shares of the financial services provider’s stock valued at $3,675,000 after buying an additional 3,500 shares during the period. 14.34% of the stock is currently owned by institutional investors.

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Interactive Brokers Group Company Profile

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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