Interactive Brokers Group, Inc. (IBKR) to Issue Quarterly Dividend of $0.09 on June 12th

Interactive Brokers Group, Inc. (NASDAQ:IBKR) declared a quarterly dividend on Tuesday, April 21st. Investors of record on Monday, June 1st will be paid a dividend of 0.0875 per share by the financial services provider on Friday, June 12th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, June 1st. This is a 9.4% increase from Interactive Brokers Group’s previous quarterly dividend of $0.08.

Interactive Brokers Group has raised its dividend by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Interactive Brokers Group has a dividend payout ratio of 4.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Interactive Brokers Group to earn $2.82 per share next year, which means the company should continue to be able to cover its $0.35 annual dividend with an expected future payout ratio of 12.4%.

Interactive Brokers Group Trading Up 4.6%

Shares of IBKR stock opened at $86.97 on Friday. The stock has a 50 day moving average of $77.02 and a 200 day moving average of $71.97. The stock has a market cap of $147.53 billion, a P/E ratio of 37.49, a P/E/G ratio of 2.30 and a beta of 1.32. Interactive Brokers Group has a twelve month low of $49.15 and a twelve month high of $88.44.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The business’s revenue was up 17.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.94 earnings per share. On average, research analysts predict that Interactive Brokers Group will post 2.46 earnings per share for the current fiscal year.

Insider Activity at Interactive Brokers Group

In related news, Director Lawrence E. Harris sold 26,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the completion of the sale, the director directly owned 173,482 shares in the company, valued at approximately $13,345,970.26. The trade was a 13.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.80% of the company’s stock.

Institutional Trading of Interactive Brokers Group

Large investors have recently made changes to their positions in the company. National Pension Service increased its position in shares of Interactive Brokers Group by 2.2% during the third quarter. National Pension Service now owns 707,634 shares of the financial services provider’s stock worth $48,692,000 after purchasing an additional 15,339 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Interactive Brokers Group by 36.8% during the third quarter. Jones Financial Companies Lllp now owns 26,875 shares of the financial services provider’s stock worth $1,777,000 after buying an additional 7,234 shares during the last quarter. State of Michigan Retirement System boosted its stake in Interactive Brokers Group by 15.0% during the third quarter. State of Michigan Retirement System now owns 120,400 shares of the financial services provider’s stock worth $8,285,000 after buying an additional 15,684 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Interactive Brokers Group by 1,221.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 73,728 shares of the financial services provider’s stock worth $5,073,000 after buying an additional 68,148 shares during the last quarter. Finally, Hartford Investment Management Co. acquired a new position in Interactive Brokers Group during the third quarter worth $1,798,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

About Interactive Brokers Group

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.