Interactive Brokers Group Inc. (NASDAQ:IBKR) – Gabelli lifted their FY2017 EPS estimates for Interactive Brokers Group in a research report issued on Wednesday. Gabelli analyst M. Sykes now anticipates that the firm will earn $1.80 per share for the year, up from their previous estimate of $1.75. Gabelli also issued estimates for Interactive Brokers Group’s FY2018 earnings at $2.20 EPS.
Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, July 19th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. Interactive Brokers Group had a return on equity of 1.80% and a net margin of 6.35%. The business had revenue of $369 million for the quarter, compared to analysts’ expectations of $373.43 million.
Separately, Zacks Investment Research downgraded Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $40.58.
Shares of Interactive Brokers Group (NASDAQ:IBKR) opened at 36.22 on Thursday. The stock’s 50 day moving average price is $35.49 and its 200 day moving average price is $37.04. The firm has a market cap of $2.44 billion, a PE ratio of 24.00 and a beta of 0.94. Interactive Brokers Group has a 12-month low of $29.50 and a 12-month high of $44.85.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Baillie Gifford & Co. boosted its position in Interactive Brokers Group by 418.7% in the second quarter. Baillie Gifford & Co. now owns 5,639,535 shares of the company’s stock valued at $199,639,000 after buying an additional 4,552,259 shares in the last quarter. Scopia Capital Management LP boosted its position in Interactive Brokers Group by 88.1% in the first quarter. Scopia Capital Management LP now owns 3,537,665 shares of the company’s stock valued at $139,101,000 after buying an additional 1,656,925 shares in the last quarter. BlueMountain Capital Management LLC bought a new position in Interactive Brokers Group during the first quarter valued at about $49,949,000. Fiera Capital Corp bought a new position in Interactive Brokers Group during the second quarter valued at about $33,675,000. Finally, Columbia Wanger Asset Management LLC bought a new position in Interactive Brokers Group during the second quarter valued at about $28,917,000. 84.67% of the stock is currently owned by institutional investors.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Thursday, September 1st were issued a $0.10 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.10%. Interactive Brokers Group’s dividend payout ratio is currently 26.49%.
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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