Brokers Set Expectations for Interactive Brokers Group, Inc.’s FY2017 Earnings (IBKR)
Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Analysts at SunTrust Banks raised their FY2017 earnings per share (EPS) estimates for Interactive Brokers Group in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst D. Mewhirter now forecasts that the financial services provider will post earnings per share of $1.47 for the year, up from their previous forecast of $1.38. SunTrust Banks has a “Average” rating and a $48.00 price objective on the stock.
Interactive Brokers Group (NASDAQ:IBKR) last released 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 the consensus estimate of $382.85 million. Interactive Brokers Group had a return on equity of 1.35% and a net margin of 5.29%. The firm’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 earnings per share. TRADEMARK VIOLATION NOTICE: “Brokers Set Expectations for Interactive Brokers Group, Inc.’s FY2017 Earnings (IBKR)” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://www.thecerbatgem.com/2017/11/08/brokers-set-expectations-for-interactive-brokers-group-inc-s-fy2017-earnings-ibkr.html.
A number of other brokerages also recently commented on IBKR. BidaskClub upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, Rosenblatt Securities initiated coverage on shares of Interactive Brokers Group in a research note on Thursday, July 13th. They set a “neutral” rating and a $40.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Interactive Brokers Group presently has a consensus rating of “Hold” and an average target price of $41.67.
Shares of Interactive Brokers Group (IBKR) opened at $54.09 on Monday. Interactive Brokers Group has a 52-week low of $32.46 and a 52-week high of $55.66. The company has a market capitalization of $22,379.96, a price-to-earnings ratio of 46.86, a PEG ratio of 2.75 and a beta of 1.01.
A number of large investors have recently modified their holdings of IBKR. UBS Asset Management Americas Inc. boosted its holdings in Interactive Brokers Group by 45.2% in the first quarter. UBS Asset Management Americas Inc. now owns 44,953 shares of the financial services provider’s stock worth $1,561,000 after purchasing an additional 13,986 shares in the last quarter. FMR LLC boosted its holdings in Interactive Brokers Group by 2.2% during the first quarter. FMR LLC now owns 469,166 shares of the financial services provider’s stock valued at $16,290,000 after acquiring an additional 9,998 shares during the period. Teachers Advisors LLC boosted its holdings in Interactive Brokers Group by 2.6% during the first quarter. Teachers Advisors LLC now owns 68,656 shares of the financial services provider’s stock valued at $2,384,000 after acquiring an additional 1,771 shares during the period. Vanguard Group Inc. boosted its holdings in Interactive Brokers Group by 5.8% during the first quarter. Vanguard Group Inc. now owns 5,822,138 shares of the financial services provider’s stock valued at $202,144,000 after acquiring an additional 320,626 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Interactive Brokers Group by 11.8% during the first quarter. Geode Capital Management LLC now owns 538,878 shares of the financial services provider’s stock valued at $18,709,000 after acquiring an additional 56,939 shares during the period. Hedge funds and other institutional investors own 15.11% of the company’s stock.
In related news, insider Thomas Aj Frank sold 35,977 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $53.83, for a total value of $1,936,641.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Paul Jonathan Brody sold 11,519 shares of the company’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $40.60, for a total transaction of $467,671.40. The disclosure for this sale can be found here. Insiders sold 1,301,351 shares of company stock worth $59,853,539 over the last ninety days. 3.41% of the stock is currently owned by company insiders.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, December 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, November 30th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 34.48%.
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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