Interactive Brokers Group, Inc. (NASDAQ: IBKR) Director Tracy Austin Stevenson buys 15,000 shares
Interactive Brokers Group, Inc. (NASDAQ: IBKR) director Tracy Austin Stevenson bought 15,000 shares in a trade that took place on Tuesday, July 13. The stock was purchased at an average price of $ 0.87 per share, for a total value of $ 13,050.00.
Shares of IBKR opened at $ 62.97 on Monday. The company’s 50-day moving average is $ 65.99. Interactive Brokers Group, Inc. has a one-year low at $ 46.43 and a one-year high at $ 80.57. The company has a market cap of $ 26.25 billion, a P / E ratio of 22.73 and a beta of 0.65.
Interactive Brokers Group (NASDAQ: IBKR) last released its quarterly results on Monday, April 19. The financial services provider reported earnings per share of $ 0.98 for the quarter, beating analysts’ consensus estimates of $ 0.91 by $ 0.07. The company posted revenue of $ 893.00 million for the quarter, compared to analysts’ expectations of $ 622.65 million. Interactive Brokers Group had a net margin of 9.39% and a return on equity of 2.68%. The company’s revenue increased 67.9% compared to the same quarter last year. During the same period last year, the company made EPS of $ 0.69. Equity analysts expect Interactive Brokers Group, Inc. to post EPS of 3.13 for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, June 14. Shareholders of record on Tuesday, June 1 received a dividend of $ 0.10. This represents an annualized dividend of $ 0.40 and a return of 0.64%. The ex-dividend date was Friday May 28. The Interactive Brokers Group dividend payout ratio is currently 16.06%.
A number of equity research analysts have weighed on IBKR shares. Zacks investment research downgraded Interactive Brokers Group from a “buy” rating to a “hold” rating and set a target price of $ 72.00 for the company. in a research report on Wednesday, June 9. Credit Suisse Group raised its price target on Interactive Brokers Group from $ 92.00 to $ 110.00 and gave the company an “outperformance” rating in a report released on Wednesday, April 21. Finally, the Goldman Sachs group raised its price target on Interactive Brokers Group shares from $ 73.00 to $ 83.00 and gave the company a “neutral” rating in a research report on Monday, April 5. . One analyst rated the stock with a sell rating, two issued a conservation rating, and four assigned a buy rating to the company’s stock. Interactive Brokers Group currently has an average Hold rating and a consensus target price of $ 78.86.
Institutional investors and hedge funds have recently changed their holdings in the company. Ameritas Investment Company LLC acquired a new position in Interactive Brokers Group during the 1st quarter for a value of approximately $ 33,000. Benjamin F. Edwards & Company Inc. acquired a new stake in Interactive Brokers Group during the first quarter valued at $ 57,000. Amundi Pioneer Asset Management Inc. strengthened its position in Interactive Brokers Group by 73.7% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,077 shares of the financial services provider valued at $ 66,000 after purchasing 457 additional shares in the last quarter. Eaton Vance Management acquired a new position in Interactive Brokers Group in Q1 valued at approximately $ 75,000. Finally, Graves Light Private Wealth Management Inc. increased its position in Interactive Brokers Group by 46.7% during the first quarter. Graves Light Private Wealth Management Inc. now owns 1,309 shares of the financial services provider valued at $ 96,000 after purchasing an additional 417 shares in the last quarter. Hedge funds and other institutional investors hold 18.76% of the company’s shares.
About Interactive Brokers Group
Interactive Brokers Group, Inc. operates as an automated electronic brokerage firm worldwide. She specializes in the execution and clearing of transactions in stocks, options, futures, foreign exchange instruments, bonds, mutual funds and exchange-traded funds (ETFs). The firm maintains and maintains accounts for hedge and mutual funds, ETFs, registered investment advisers, proprietary trading groups, introductory brokers and individual investors.
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7 tech stocks that heat up as antitrust talks cool
For most of the past year, Congress has had “big tech” in its sights. But the reasons largely depend on which side of the aisle a particular person was on.
On the one hand, there are politicians who are concerned about the role that technology companies play in restricting the free flow of information. On the other hand, there are politicians who are concerned about these companies’ stranglehold on competitors and innovation.
But big tech won an important, though not final, victory at the end of June. At that time, a US judge dismissed two separate complaints against Facebook (NASDAQ: FB). The question before the judge was whether Facebook had a monopoly on social media. Due to a surge in the company’s stock price after the ruling, Facebook became a member of the exclusive $ 1,000 billion market capitalization club. While big tech companies will remain under the microscope of Congress, there’s no denying that investors are seeing the move as a signal to get back to tech stocks. And that is the object of this presentation. Which tech stocks should you buy as antitrust pressure eases?
It would be easy to start and end the list with FAANG stocks. After all, the motto “Keep it Simple Stupid” comes to mind. There are just those companies that offer products that are changing our lives now and will continue to do so in the future. In addition, customers will continue to pay for their products.
And I have a few stocks on my list. But the bulk of the stocks on this list are cheaper alternatives to at least one of the FAANG stocks. That’s not to say they’re top companies, but a rising tide tends to lift all boats. And that means these companies have significant upside potential and you can buy the stocks for a lot less.
Check out “7 Tech Stocks That Heat Up as Antitrust Talks Cool.”