Interactive Brokers Group Inc. (IBKR) Trading Down 6.2%
Interactive Brokers Group Inc. (NASDAQ:IBKR) shares fell 6.2% during mid-day trading on Wednesday . The stock traded as low as $34.30 and last traded at $35.00, with a volume of 1,329,726 shares. The stock had previously closed at $37.30.
Several research firms have recently weighed in on IBKR. TheStreet raised shares of Interactive Brokers Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 19th. Zacks Investment Research lowered shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 25th. Finally, Buckingham Research began coverage on shares of Interactive Brokers Group in a report on Thursday, May 12th. They set a “neutral” rating and a $38.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.58.
The company has a market cap of $2.24 billion and a price-to-earnings ratio of 22.88. The company’s 50 day moving average is $36.71 and its 200-day moving average is $36.64.
Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, July 19th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. The business earned $369 million during the quarter, compared to the consensus estimate of $373.43 million. Equities analysts anticipate that Interactive Brokers Group Inc. will post $1.67 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 14th. Stockholders of record on Thursday, September 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Tuesday, August 30th.
Several institutional investors have recently modified their holdings of the stock. State of Tennessee Treasury Department purchased a new position in shares of Interactive Brokers Group during the fourth quarter valued at approximately $1,953,000. Rhumbline Advisers boosted its position in shares of Interactive Brokers Group by 3.3% in the fourth quarter. Rhumbline Advisers now owns 48,739 shares of the company’s stock valued at $2,125,000 after buying an additional 1,566 shares during the last quarter. Comerica Bank boosted its position in shares of Interactive Brokers Group by 1.4% in the fourth quarter. Comerica Bank now owns 59,076 shares of the company’s stock valued at $2,201,000 after buying an additional 823 shares during the last quarter. Suntrust Banks Inc. purchased a new position in shares of Interactive Brokers Group during the fourth quarter valued at approximately $2,231,000. Finally, Russell Frank Co boosted its position in shares of Interactive Brokers Group by 35.5% in the fourth quarter. Russell Frank Co now owns 62,347 shares of the company’s stock valued at $2,723,000 after buying an additional 16,320 shares during the last quarter.
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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