Gabelli Reaffirms Buy Rating for Interactive Brokers Group (IBKR)

Gabelli reissued their buy rating on shares of Interactive Brokers Group (NASDAQ:IBKR) in a research report released on Tuesday morning. Gabelli also issued estimates for Interactive Brokers Group’s FY2018 earnings at $2.10 EPS, FY2019 earnings at $2.45 EPS, FY2020 earnings at $2.95 EPS, FY2021 earnings at $3.55 EPS and FY2022 earnings at $4.25 EPS.

IBKR has been the subject of a number of other research reports. BidaskClub raised shares of Interactive Brokers Group from a buy rating to a strong-buy rating in a research report on Friday, February 23rd. Zacks Investment Research downgraded shares of Interactive Brokers Group from a buy rating to a hold rating in a research report on Wednesday, January 3rd. Goldman Sachs downgraded shares of Interactive Brokers Group from a neutral rating to a sell rating and set a $59.00 price objective for the company. in a research report on Monday, January 8th. SunTrust Banks boosted their price objective on shares of Interactive Brokers Group from $48.00 to $60.00 and gave the company a hold rating in a research report on Wednesday, January 17th. They noted that the move was a valuation call. Finally, ValuEngine raised shares of Interactive Brokers Group from a hold rating to a buy rating in a research report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $59.00.

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Shares of NASDAQ:IBKR opened at $69.11 on Tuesday. Interactive Brokers Group has a fifty-two week low of $33.01 and a fifty-two week high of $74.11. The stock has a market cap of $29,107.76, a P/E ratio of 45.17, a price-to-earnings-growth ratio of 1.76 and a beta of 0.98.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. Interactive Brokers Group had a net margin of 3.94% and a return on equity of 1.74%. The business had revenue of $515.00 million during the quarter, compared to the consensus estimate of $398.05 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The company’s revenue for the quarter was up 166.8% compared to the same quarter last year. research analysts expect that Interactive Brokers Group will post 2.11 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 14th. Shareholders of record on Thursday, March 1st were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.58%. The ex-dividend date was Wednesday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is 26.14%.

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 32,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $62.80, for a total value of $2,009,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.98% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of IBKR. Miura Global Management LLC bought a new position in Interactive Brokers Group in the 4th quarter worth about $34,046,000. Abrams Bison Investments LLC bought a new position in Interactive Brokers Group in the 3rd quarter worth about $9,864,000. Millennium Management LLC bought a new position in Interactive Brokers Group in the 4th quarter worth about $9,214,000. JPMorgan Chase & Co. grew its position in Interactive Brokers Group by 228.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 201,639 shares of the financial services provider’s stock worth $9,039,000 after purchasing an additional 140,292 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Interactive Brokers Group by 3,921.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 119,277 shares of the financial services provider’s stock worth $7,062,000 after purchasing an additional 116,311 shares during the last quarter. Hedge funds and other institutional investors own 15.90% of the company’s stock.

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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.

Analyst Recommendations for Interactive Brokers Group (NASDAQ:IBKR)

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