Interactive Brokers Group Inc. (IBKR) Sees Unusually-High Trading Volume
Shares of Interactive Brokers Group Inc. (NASDAQ:IBKR) saw unusually-high trading volume on Friday . Approximately 1,104,551 shares changed 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.
IBKR has been the subject of several analyst reports. Zacks Investment Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 25th. Buckingham Research initiated coverage on Interactive Brokers Group in a research note on Thursday, May 12th. They issued a “neutral” rating and a $38.00 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Interactive Brokers Group presently has an average rating of “Hold” and an average price target of $40.58.
The firm has a market cap of $2.37 billion and a PE ratio of 23.33. The firm’s 50 day moving average is $35.37 and its 200-day moving average is $36.67.
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, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The business earned $369 million during the quarter, compared to analysts’ expectations of $373.43 million. Equities analysts forecast that Interactive Brokers Group Inc. will post $1.67 earnings per share for the current year.
The firm 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 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Tuesday, August 30th.
A number of hedge funds have recently bought and sold shares of the stock. Calvert Investment Management Inc. boosted its stake in Interactive Brokers Group by 50.3% in the fourth quarter. Calvert Investment Management Inc. now owns 27,040 shares of the company’s stock worth $1,179,000 after buying an additional 9,048 shares during the period. Principal Financial Group Inc. boosted its stake 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 worth $17,229,000 after buying an additional 19,056 shares during the period. Finally, Russell Frank Co boosted its stake in Interactive Brokers Group by 35.5% in the fourth quarter. Russell Frank Co now owns 62,347 shares of the company’s stock worth $2,723,000 after buying an additional 16,320 shares during the period.
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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