Q3 2022 EPS estimates for Interactive Brokers Group, Inc. increased by Piper Sandler (NASDAQ: IBKR)
Interactive Brokers Group, Inc. (NASDAQ: IBKR) – Piper Sandler investment analysts increased their Q3 2022 earnings per share (EPS) estimates for Interactive Brokers Group shares in research report released to clients and to investors on Thursday, October 7. Piper Sandler analyst R. Repetto now expects the financial services provider to earn $ 0.72 per share for the quarter, up from its previous estimate of $ 0.71. Interactive Brokers Group (NASDAQ: IBKR) last reported its results on Monday, July 19. The financial services provider reported earnings per share (EPS) of $ 0.82 for the quarter, hitting analyst consensus estimates of $ 0.82. The company posted revenue of $ 754.00 million in the quarter, compared to analysts’ expectations of $ 701.17 million. Interactive Brokers Group had a net margin of 10.80% and a return on equity of 2.89%. The company’s quarterly revenue increased 39.9% compared to the same quarter last year. In the same quarter of the previous year, the company posted earnings per share of $ 0.57.
IBKR shares opened at $ 71.66 on Monday. The stock has a market cap of $ 29.96 billion, a P / E ratio of 20.19 and a beta of 0.66. The company has a 50-day moving average of $ 63.53 and a two-hundred-day moving average of $ 66.43. Interactive Brokers Group has a 12-month low of $ 46.71 and a 12-month high of $ 80.57.
A number of institutional investors have recently increased or reduced their holdings in the stock. LPL Financial LLC increased its stake in Interactive Brokers Group by 1.6% in the second quarter. LPL Financial LLC now owns 10,855 shares of the financial services provider valued at $ 713,000 after purchasing 176 additional shares during the period. Geneos Wealth Management Inc. increased its stake in Interactive Brokers Group by 10.4% during the first quarter. Geneos Wealth Management Inc. now owns 2,026 shares of the financial services provider valued at $ 144,000 after purchasing 191 additional shares during the period. Brown Advisory Inc. increased its stake in Interactive Brokers Group by 3.3% during the first quarter. Brown Advisory Inc. now owns 6,245 shares of the financial services provider valued at $ 456,000 after purchasing an additional 200 shares during the period. The Wisconsin State Investment Board increased its stake in Interactive Brokers Group by 3.1% during the second quarter. The Wisconsin State Investment Board now owns 9,593 shares of the financial services provider valued at $ 631,000 after purchasing an additional 291 shares during the period. Finally, Utah Retirement Systems increased its stake in Interactive Brokers Group by 7.9% during the second quarter. Utah Retirement Systems now owns 4,100 shares of the financial services provider valued at $ 269,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors hold 19.05% of the company’s shares.
Separately, insider Thomas Aj Frank sold 17,786 shares of Interactive Brokers Group in a trade dated Tuesday, August 3. The shares were sold at an average price of $ 61.48, for a total trade of $ 1,093,483.28. The sale was disclosed in a file with the Securities & Exchange Commission, accessible through the SEC website. In addition, Chairman Thomas Peterffy sold 20,000 shares of the company in a transaction that took place on Wednesday, October 6. The shares were sold at an average price of $ 68.16, for a total trade of $ 1,363,200.00. Disclosure of this sale can be found here. During the last quarter, insiders sold 911,467 shares of the company valued at $ 57,268,710. Insiders own 11.83% of the company’s shares.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 14. Shareholders of record on Wednesday September 1 received a dividend of $ 0.10 per share. This represents a dividend of $ 0.40 on an annualized basis and a return of 0.56%. The ex-dividend date of this dividend was Tuesday August 31. The Interactive Brokers Group payout ratio is currently 16.06%.
About Interactive Brokers Group
Interactive Brokers Group, Inc. operates as an investment holding company, which engages in brokerage or proprietary trading and trading activities. It operates through the following segments: Electronic Brokerage and Businesses. The Electronic Brokerage segment is a direct-to-market brokerage, serving clients of both traditional brokers and prime brokers.
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