Wall Street analysts expect Interactive Brokers Group, Inc. (NASDAQ:IBKR) to report $358.00 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Interactive Brokers Group’s earnings, with the lowest sales estimate coming in at $347.00 million and the highest estimate coming in at $369.00 million. Interactive Brokers Group posted sales of $345.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 3.8%. The business is expected to announce its next earnings report on Tuesday, October 17th.
According to Zacks, analysts expect that Interactive Brokers Group will report full year sales of $358.00 million for the current fiscal year, with estimates ranging from $1.47 billion to $1.52 billion. For the next year, analysts anticipate that the firm will report sales of $1.65 billion per share, with estimates ranging from $1.59 billion to $1.71 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Interactive Brokers Group.
Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.05. The firm had revenue of $387 million for the quarter, compared to analysts’ expectations of $377.65 million. Interactive Brokers Group had a net margin of 4.97% and a return on equity of 1.19%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 earnings per share.
A number of analysts have recently weighed in on the company. BidaskClub raised Interactive Brokers Group from a “hold” rating to a “buy” rating in a research report on Tuesday. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $38.00 price objective on shares of Interactive Brokers Group in a research report on Thursday, July 6th. Rosenblatt Securities assumed coverage on Interactive Brokers Group in a research report on Thursday, July 13th. They set a “neutral” rating and a $40.00 price objective on the stock. Zacks Investment Research lowered Interactive Brokers Group from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $38.00 price objective on shares of Interactive Brokers Group in a research report on Friday, June 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $39.17.
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A number of institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its position in Interactive Brokers Group by 36.4% in the first quarter. Wells Fargo & Company MN now owns 387,990 shares of the financial services provider’s stock valued at $13,471,000 after buying an additional 103,560 shares during the period. Russell Investments Group Ltd. raised its position in Interactive Brokers Group by 33.2% in the first quarter. Russell Investments Group Ltd. now owns 197,710 shares of the financial services provider’s stock valued at $6,865,000 after buying an additional 49,231 shares during the period. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV acquired a new position in Interactive Brokers Group during the first quarter valued at approximately $521,000. Clear Harbor Asset Management LLC raised its position in Interactive Brokers Group by 42.5% in the first quarter. Clear Harbor Asset Management LLC now owns 15,080 shares of the financial services provider’s stock valued at $524,000 after buying an additional 4,500 shares during the period. Finally, Glen Harbor Capital Management LLC raised its position in Interactive Brokers Group by 42.1% in the first quarter. Glen Harbor Capital Management LLC now owns 5,508 shares of the financial services provider’s stock valued at $191,000 after buying an additional 1,632 shares during the period. 14.34% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Interactive Brokers Group (IBKR) traded up 0.85% during trading on Friday, hitting $40.39. The company had a trading volume of 495,756 shares. The firm’s 50 day moving average is $37.73 and its 200-day moving average is $36.53. The stock has a market capitalization of $2.89 billion, a P/E ratio of 39.99 and a beta of 0.93. Interactive Brokers Group has a 52 week low of $31.97 and a 52 week high of $40.45.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Friday, September 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Wednesday, August 30th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 38.84%.
Interactive Brokers Group Company Profile
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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