Interactive Brokers Group Inc. (IBKR) Announces Earnings Results, Misses Expectations By $0.04 EPS
Interactive Brokers Group Inc. (NASDAQ:IBKR) announced its earnings results on Tuesday. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.34 by $0.04. Interactive Brokers Group had a net margin of 6.35% and a return on equity of 1.80%. The business had revenue of $345 million for the quarter, compared to the consensus estimate of $330.70 million. During the same quarter in the previous year, the company earned $0.35 EPS. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis.
Shares of Interactive Brokers Group (NASDAQ:IBKR) traded up 1.33% on Tuesday, reaching $35.68. The company’s stock had a trading volume of 506,034 shares. The company’s 50 day moving average price is $35.86 and its 200 day moving average price is $36.75. The company has a market cap of $2.40 billion, a P/E ratio of 23.64 and a beta of 0.93. Interactive Brokers Group has a 12-month low of $29.50 and a 12-month high of $44.85.
Separately, Zacks Investment Research lowered Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $40.58.
Large investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System increased its stake in Interactive Brokers Group by 1.3% in the second quarter. Arizona State Retirement System now owns 30,268 shares of the company’s stock worth $1,071,000 after buying an additional 400 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Interactive Brokers Group during the second quarter valued at approximately $296,000. AQR Capital Management LLC increased its position in Interactive Brokers Group by 43.8% in the second quarter. AQR Capital Management LLC now owns 64,094 shares of the company’s stock valued at $2,269,000 after buying an additional 19,511 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in Interactive Brokers Group during the second quarter valued at approximately $581,000. Finally, Nomura Holdings Inc. bought a new position in Interactive Brokers Group during the second quarter valued at approximately $523,000. Institutional investors and hedge funds own 84.60% of the company’s stock.
About Interactive Brokers Group
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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