Interactive Brokers Group Inc. (IBKR) Trading 4.5% Higher
Interactive Brokers Group Inc. (NASDAQ:IBKR) shares traded up 4.5% on Friday . The stock traded as high as $36.48 and last traded at $36.38, with a volume of 429,929 shares changing hands. The stock had previously closed at $34.82.
Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Interactive Brokers Group from a “strong sell” rating to a “hold” rating in a report on Monday, July 25th. Buckingham Research assumed coverage on shares of Interactive Brokers Group in a report on Thursday, May 12th. They issued a “neutral” rating and a $38.00 price target for the company. Finally, TheStreet upgraded shares of Interactive Brokers Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $40.58.
The company has a 50 day moving average price of $35.48 and a 200 day moving average price of $36.45. The firm has a market cap of $2.35 billion and a price-to-earnings ratio of 23.94.
Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The business earned $369 million during the quarter, compared to the consensus estimate of $373.43 million. On average, equities research analysts forecast that Interactive Brokers Group Inc. will post $1.67 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 14th. Investors of record on Thursday, September 1st will be issued a $0.10 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.11%.
A number of hedge funds and institutional investors have recently added to or reduced their stakes in the company. Comerica Bank raised its position in 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. California Public Employees Retirement System raised its position in Interactive Brokers Group by 2.1% in the fourth quarter. California Public Employees Retirement System now owns 134,000 shares of the company’s stock valued at $5,842,000 after buying an additional 2,700 shares during the last quarter. Russell Frank Co raised its position in 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. Principal Financial Group Inc. raised its position in Interactive Brokers Group by 5.1% in the fourth quarter. Principal Financial Group Inc. now owns 395,160 shares of the company’s stock valued at $17,229,000 after buying an additional 19,056 shares during the last quarter. Finally, State of Tennessee Treasury Department purchased a new position in Interactive Brokers Group during the fourth quarter valued at about $1,953,000.
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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