Interactive Brokers Group, Inc. (NASDAQ: IBKR) fiscal year 2021 EPS estimates lifted by Piper Sandler
Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Investment analysts Piper Sandler raised their fiscal year 2021 earnings estimates for shares of Interactive Brokers Group in a research report released Monday, January 10. Piper Sandler analyst R. Repetto now expects the financial services provider to post earnings per share of $3.37 for the year, up from its previous forecast of $3.35. Piper Sandler also released Interactive Brokers Group earnings estimates for the fourth quarter of 2021 at $0.79 EPS. Interactive Brokers Group Inc (NASDAQ:IBKR) last reported results on Monday, October 18. The financial services provider reported earnings per share of $0.78 for the quarter, beating analysts’ consensus estimate of $0.76 by $0.02. The company posted revenue of $464.00 million for the quarter, versus analyst estimates of $639.15 million. Interactive Brokers Group achieved a return on equity of 3.13% and a net margin of 10.95%. The company’s revenues were down 15.3% from the same quarter last year. In the same quarter last year, the company posted earnings per share of $0.53.
Several other equity research analysts have also recently weighed in on IBKR. Bank of America began covering Interactive Brokers Group in a report on Wednesday, December 15. They issued a “buy” rating and a price target of $126.00 for the company. Goldman Sachs Group raised its price target on Interactive Brokers Group from $81.00 to $96.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Zacks Investment Research upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating and set a price target of $81.00 for the company in a Wednesday, November 24 research report. One investment analyst gave the stock a sell rating, one gave the company a hold rating and five gave the company a buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $91.86.
IBKR shares opened at $77.41 on Wednesday. Interactive Brokers Group has a 1-year minimum of $58.84 and a 1-year maximum of $82.83. The stock’s 50-day moving average is $76.42 and its 200-day moving average is $69.16. The company has a market capitalization of $32.36 billion, a P/E ratio of 22.77, a PEG ratio of 0.92 and a beta of 0.67.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 14. Shareholders of record on Wednesday, December 1 received a dividend of $0.10 per share. The ex-dividend date was Tuesday, November 30. This represents an annualized dividend of $0.40 and a yield of 0.52%. Interactive Brokers Group’s dividend payout ratio (DPR) is 11.76%.
In a similar vein, CAO Denis Mendonca sold 8,591 shares of the company in a trade that took place on Thursday, October 21. The stock was sold at an average price of $75.00, for a total transaction of $644,325.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Additionally, Chairman Thomas Peterffy sold 20,000 shares in a trade that took place on Friday, October 15. The stock was sold at an average price of $71.56, for a total value of $1,431,200.00. The disclosure of this sale can be found here. In the past 90 days, insiders have sold 1,290,238 shares of the company worth $97,185,218. 11.83% of the shares are held by insiders of the company.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC increased its stake in Interactive Brokers Group by 4.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 8,752,100 shares of the financial services provider valued at $575,276,000 after purchasing an additional 358,129 shares last quarter. Greenwich Wealth Management LLC increased its stake in Interactive Brokers Group by 8.3% in the third quarter. Greenwich Wealth Management LLC now owns 8,145,983 shares of the financial services provider valued at $507,821,000 after purchasing an additional 627,539 shares last quarter. BlackRock Inc. increased its stake in Interactive Brokers Group by 3.4% in the third quarter. BlackRock Inc. now owns 7,554,979 shares of the financial services provider valued at $470,976,000 after purchasing an additional 246,512 shares last quarter. Vanguard Group Inc. increased its stake in Interactive Brokers Group by 4.1% in the second quarter. Vanguard Group Inc. now owns 7,262,687 shares of the financial services provider valued at $477,377,000 after purchasing an additional 284,002 shares last quarter. Finally, Bares Capital Management Inc. increased its stake in Interactive Brokers Group by 1.8% in the 3rd quarter. Bares Capital Management Inc. now owns 5,189,194 shares of the financial services provider valued at $323,494,000 after buying an additional 91,395 shares last quarter. 19.08% of the shares are held by institutional investors and hedge funds.
Interactive Brokers Group Company Profile
Interactive Brokers Group, Inc operates as an investment holding company, which engages in brokerage or dealer and proprietary trading activities. It operates through the following segments: Electronic Brokerage and Corporate. The Electronic Brokerage segment is a direct market access broker, which serves the clients of traditional brokers and prime brokers.
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