SunTrust Banks Weighs in on Interactive Brokers Group, Inc.’s Q1 2018 Earnings (IBKR)
Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Equities research analysts at SunTrust Banks increased their Q1 2018 earnings estimates for Interactive Brokers Group in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst D. Mewhirter now anticipates that the financial services provider will earn $0.47 per share for the quarter, up from their previous forecast of $0.41. SunTrust Banks has a “Hold” rating and a $60.00 price target on the stock. SunTrust Banks also issued estimates for Interactive Brokers Group’s Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.51 EPS, Q4 2018 earnings at $0.54 EPS, FY2018 earnings at $2.00 EPS and FY2019 earnings at $2.45 EPS.
Several other equities analysts have also commented on the stock. BidaskClub lowered shares of Interactive Brokers Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 16th. Goldman Sachs Group lowered shares of Interactive Brokers Group from a “neutral” rating to a “sell” rating and set a $59.00 price target for the company. in a research report on Monday, January 8th. Finally, Zacks Investment Research lowered shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a strong buy rating to the company’s stock. Interactive Brokers Group currently has an average rating of “Hold” and an average price target of $50.33.
Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, January 16th. The financial services provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.07. Interactive Brokers Group had a net margin of 3.94% and a return on equity of 1.74%. The firm had revenue of $515.00 million during the quarter, compared to analyst estimates of $398.05 million. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The firm’s revenue for the quarter was up 166.8% compared to the same quarter last year.
A number of hedge funds have recently bought and sold shares of IBKR. Victory Capital Management Inc. lifted its holdings in Interactive Brokers Group by 105.4% in the third quarter. Victory Capital Management Inc. now owns 915,589 shares of the financial services provider’s stock worth $41,238,000 after purchasing an additional 469,755 shares during the period. Russell Investments Group Ltd. lifted its holdings in Interactive Brokers Group by 206.6% in the third quarter. Russell Investments Group Ltd. now owns 504,021 shares of the financial services provider’s stock worth $22,701,000 after purchasing an additional 339,648 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Interactive Brokers Group by 14.4% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,259,199 shares of the financial services provider’s stock worth $101,754,000 after purchasing an additional 284,389 shares during the period. FMR LLC lifted its holdings in Interactive Brokers Group by 54.1% in the second quarter. FMR LLC now owns 722,777 shares of the financial services provider’s stock worth $27,047,000 after purchasing an additional 253,611 shares during the period. Finally, Abrams Bison Investments LLC acquired a new stake in Interactive Brokers Group in the third quarter worth about $9,864,000. 15.79% of the stock is owned by institutional investors and hedge funds.
In related news, Vice Chairman Earl H. Nemser sold 2,683 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $50.84, for a total value of $136,403.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas Aj Frank sold 54,903 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $54.21, for a total transaction of $2,976,291.63. The disclosure for this sale can be found here. Insiders have sold 297,611 shares of company stock valued at $15,773,905 in the last 90 days. Insiders own 3.41% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Thursday, March 1st will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.65%. Interactive Brokers Group’s dividend payout ratio is currently 37.38%.
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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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