Interactive Brokers Group Inc. Announces Quarterly Dividend of $0.10 (IBKR)
Interactive Brokers Group Inc. (NASDAQ:IBKR) announced a quarterly dividend on Wednesday, October 19th. Investors of record on Thursday, December 1st will be given a dividend of 0.10 per share on Wednesday, December 14th. This represents a $0.40 annualized dividend and a yield of 1.16%. The ex-dividend date is Tuesday, November 29th.
Interactive Brokers Group (NASDAQ:IBKR) traded down 3.56% during mid-day trading on Wednesday, reaching $34.41. The company had a trading volume of 951,362 shares. Interactive Brokers Group has a 12 month low of $29.50 and a 12 month high of $44.85. The firm’s 50 day moving average price is $35.85 and its 200-day moving average price is $36.72. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 22.80 and a beta of 0.93.
Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, October 18th. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.02. Interactive Brokers Group had a return on equity of 1.80% and a net margin of 6.35%. The company had revenue of $345 million for the quarter, compared to analyst estimates of $330.70 million. During the same period in the previous year, the firm earned $0.35 earnings per share. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. Equities research analysts anticipate that Interactive Brokers Group will post $1.65 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of the stock. BOKF NA purchased a new stake in Interactive Brokers Group during the second quarter valued at $218,000. Summit Securities Group LLC purchased a new stake in Interactive Brokers Group during the second quarter valued at $264,000. BlackRock Inc. increased its stake in Interactive Brokers Group by 60.6% in the second quarter. BlackRock Inc. now owns 7,756 shares of the company’s stock valued at $274,000 after buying an additional 2,927 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Interactive Brokers Group during the second quarter valued at $296,000. Finally, Menta Capital LLC purchased a new stake in Interactive Brokers Group during the second quarter valued at $327,000. 84.60% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research downgraded Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Interactive Brokers Group has an average rating of “Hold” and an average price target of $40.58.
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 100 electronic exchanges and trading venues around the world.
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