Interactive Brokers Group, Inc. (NASDAQ:IBKR) had its price target hoisted by SunTrust Banks, Inc. to $48.00 in a research report sent to investors on Wednesday, October 18th, The Fly reports. The firm currently has an average rating on the financial services provider’s stock.
Several other research firms also recently commented on IBKR. Zacks Investment Research raised shares of Interactive Brokers Group from a hold rating to a buy rating and set a $42.00 target price on the stock in a research report on Monday, July 10th. BidaskClub raised Interactive Brokers Group from a hold rating to a buy rating in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $38.00 price target on shares of Interactive Brokers Group in a research report on Friday, June 30th. Finally, Rosenblatt Securities assumed coverage on Interactive Brokers Group in a research report on Thursday, July 13th. They issued a neutral rating and a $40.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $41.67.
Interactive Brokers Group (NASDAQ IBKR) traded up $0.43 on Wednesday, hitting $54.36. The stock had a trading volume of 348,911 shares, compared to its average volume of 715,280. The stock has a market capitalization of $22,202.93, a price-to-earnings ratio of 46.49, a P/E/G ratio of 2.73 and a beta of 1.01. Interactive Brokers Group has a one year low of $31.97 and a one year high of $55.66.
Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.05. Interactive Brokers Group had a net margin of 5.29% and a return on equity of 1.35%. The business had revenue of $426.00 million for the quarter, compared to the consensus estimate of $382.85 million. During the same period in the prior year, the business posted $0.30 earnings per share. Interactive Brokers Group’s revenue for the quarter was up 23.5% compared to the same quarter last year. equities analysts anticipate that Interactive Brokers Group will post 1.47 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Thursday, November 30th. Interactive Brokers Group’s dividend payout ratio is presently 34.48%.
In related news, insider Thomas Aj Frank sold 73,265 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $53.90, for a total value of $3,948,983.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Earl H. Nemser sold 1,674 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $40.31, for a total transaction of $67,478.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,331,086 shares of company stock worth $61,051,989. Insiders own 3.41% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its stake in Interactive Brokers Group by 27.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,966 shares of the financial services provider’s stock valued at $111,000 after buying an additional 647 shares during the last quarter. Riverhead Capital Management LLC boosted its holdings in Interactive Brokers Group by 71.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,095 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 1,295 shares during the period. World Asset Management Inc bought a new stake in shares of Interactive Brokers Group during the 3rd quarter worth approximately $214,000. Everence Capital Management Inc. bought a new position in Interactive Brokers Group in the 3rd quarter valued at approximately $224,000. Finally, Teacher Retirement System of Texas bought a new position in Interactive Brokers Group in the 3rd quarter valued at approximately $240,000. Institutional investors and hedge funds own 15.11% of the company’s stock.
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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