Interactive Brokers Group (IBKR) Reaches New 1-Year High at $58.08
Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $58.08 and last traded at $57.06, with a volume of 436400 shares. The stock had previously closed at $57.12.
A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Tuesday, September 19th. BidaskClub upgraded shares of Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a report on Monday, August 14th. Finally, SunTrust Banks raised their price target on shares of Interactive Brokers Group to $48.00 and gave the stock an “average” rating in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $41.67.
The stock has a market capitalization of $23,141.99, a price-to-earnings ratio of 48.46, a PEG ratio of 2.84 and a beta of 1.01.
Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.05. The business had revenue of $426.00 million during the quarter, compared to the consensus estimate of $382.85 million. Interactive Brokers Group had a net margin of 5.29% and a return on equity of 1.35%. The business’s revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.30 EPS. research analysts expect that Interactive Brokers Group, Inc. will post 1.47 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Friday, December 1st will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.69%. Interactive Brokers Group’s payout ratio is currently 34.48%.
In related news, Vice Chairman Earl H. Nemser sold 1,675 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $41.86, for a total transaction of $70,115.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas Aj Frank sold 73,265 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $53.90, for a total transaction of $3,948,983.50. The disclosure for this sale can be found here. Insiders have sold a total of 1,095,957 shares of company stock valued at $52,044,877 in the last ninety days. 3.41% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of IBKR. Cantillon Capital Management LLC purchased a new position in shares of Interactive Brokers Group during the 2nd quarter worth approximately $72,067,000. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Interactive Brokers Group by 68.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,974,810 shares of the financial services provider’s stock worth $73,898,000 after purchasing an additional 803,838 shares during the period. Victory Capital Management Inc. boosted its position in shares of Interactive Brokers Group by 105.4% during the 3rd quarter. Victory Capital Management Inc. now owns 915,589 shares of the financial services provider’s stock worth $41,238,000 after purchasing an additional 469,755 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Interactive Brokers Group by 206.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 504,021 shares of the financial services provider’s stock worth $22,701,000 after purchasing an additional 339,648 shares during the period. Finally, FMR LLC boosted its position in Interactive Brokers Group by 54.1% in the 2nd quarter. FMR LLC now owns 722,777 shares of the financial services provider’s stock valued at $27,047,000 after buying an additional 253,611 shares during the period. 15.80% of the stock is owned by hedge funds and other institutional investors.
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 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.
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