Interactive Brokers Group Inc. (IBKR) Sees Large Volume Increase
Interactive Brokers Group Inc. (NASDAQ:IBKR) saw strong trading volume on Friday . 1,104,551 shares traded hands during mid-day trading, an increase of 96% from the previous session’s volume of 562,599 shares.The stock last traded at $35.21 and had previously closed at $35.25.
A number of research analysts have commented on the company. Buckingham Research assumed coverage on Interactive Brokers Group in a research note on Thursday, May 12th. They issued a “neutral” rating and a $38.00 target price on the stock. Zacks Investment Research upgraded Interactive Brokers Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $40.58.
The stock has a 50 day moving average of $35.37 and a 200-day moving average of $36.67. The company has a market capitalization of $2.37 billion and a P/E ratio of 23.33.
Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. The company earned $369 million during the quarter, compared to analyst estimates of $373.43 million. Analysts expect that Interactive Brokers Group Inc. will post $1.67 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 14th. Stockholders of record on Thursday, September 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Tuesday, August 30th.
A number of hedge funds have modified their holdings of IBKR. Calvert Investment Management Inc. increased its stake in shares of Interactive Brokers Group by 50.3% in the fourth quarter. Calvert Investment Management Inc. now owns 27,040 shares of the company’s stock valued at $1,179,000 after buying an additional 9,048 shares during the last quarter. Russell Frank Co increased its stake 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. Finally, Principal Financial Group Inc. increased its stake in shares of 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.
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.