Zacks: Brokerages Anticipate Interactive Brokers Group, Inc. (NASDAQ: IBKR) to Report Earnings of $ 0.77 Per Share
Wall Street analysts predict that Interactive Brokers Group, Inc. (NASDAQ: IBKR) will post earnings per share of $ 0.77 for the current quarter, Zack reports. Two analysts have estimated the profits of Interactive Brokers Group. The highest EPS estimate is $ 0.83 and the lowest is $ 0.71. Interactive Brokers Group reported earnings per share of $ 0.57 in the same quarter last year, indicating a positive year-over-year growth rate of 35.1%. The company is expected to release its next earnings report on Tuesday, July 20.
According to Zacks, analysts expect Interactive Brokers Group to report annual earnings of $ 3.04 per share for the current fiscal year, with EPS estimates ranging from $ 3.02 to $ 3.06. For the next fiscal year, analysts predict the company will post earnings of $ 3.04 per share, with EPS estimates ranging from $ 2.91 to $ 3.17. Zacks Investment Research’s earnings per share calculations are an average based on a survey of seller-side research companies that provide coverage for Interactive Brokers Group.
Interactive Brokers Group (NASDAQ: IBKR) last reported its results on Monday, April 19. The financial services provider reported earnings per share (EPS) of $ 0.98 for the quarter, beating analysts’ consensus estimates of $ 0.91 by $ 0.07. The company posted revenue of $ 893.00 million in the quarter, compared to analysts’ estimates of $ 622.65 million. Interactive Brokers Group had a net margin of 9.39% and a return on equity of 2.68%. Interactive Brokers Group revenues increased 67.9% year-on-year. During the same period of the previous year, the company posted $ 0.69 in EPS.
A number of research companies have published reports on IBKR. Credit Suisse Group increased its price target for Interactive Brokers Group shares from $ 92.00 to $ 110.00 and gave the company an “outperformance” rating in a Wednesday April 21 research note. Zacks investment research downgraded Interactive Brokers Group shares from a “buy” rating to a “keep” rating and set a target price of $ 72.00 for the company. in a research note on Wednesday June 9. Jefferies Financial Group launched a cover on Interactive Brokers Group shares in a research note on Friday, March 5. They issued a “buy” note and a price target of $ 89 for the company. Finally, Goldman Sachs raised its price target on Interactive Brokers Group shares from $ 73.00 to $ 83.00 and assigned the stock a “neutral” rating in a research note on Monday 5 April. One analyst assigned a sell rating to the stock, two assigned a conservation rating, and four assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $ 78.86.
In related news, Chairman Thomas Peterffy sold 20,000 shares of the company in a transaction that took place on Monday, June 28. The shares were sold for an average price of $ 65.35, for a total value of $ 1,307,000.00. As a result of the sale, the President now directly owns 7,087,511 shares of the company, valued at approximately $ 463,168,843.85. The transaction was disclosed in a legal file with the Securities & Exchange Commission, accessible via the SEC website. Insiders sold a total of 620,000 shares of the company valued at $ 43,131,000 during the last quarter. Insiders own 11.83% of the company’s shares.
Several hedge funds have recently increased or reduced their holdings in IBKR. Greenwich Wealth Management LLC increased its stake in Interactive Brokers Group shares by 1,482.2% during the fourth quarter. Greenwich Wealth Management LLC now owns 10,011,408 shares of the financial services provider valued at $ 609,895,000 after acquiring an additional 9,378,652 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in Interactive Brokers Group shares by 14.5% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 8,393,971 shares of the financial services provider valued at $ 613,097,000 after acquiring an additional 1,064,561 shares during the period. Samlyn Capital LLC increased its stake in Interactive Brokers Group shares by 166.2% during the first quarter. Samlyn Capital LLC now owns 1,513,192 shares of the financial services provider valued at $ 110,524,000 after acquiring an additional 944,759 shares during the period. Norges Bank acquired a new stake in the shares of Interactive Brokers Group during the fourth quarter for a value of approximately $ 47,763,000. Finally, Putnam Investments LLC acquired a new stake in Interactive Brokers Group shares during the first quarter for a value of approximately $ 53,988,000. Institutional investors and hedge funds hold 18.76% of the company’s shares.
Interactive Brokers Group stock traded down $ 0.57 in the midday Friday session, reaching $ 65.61. 5,237 shares of the stock were traded, compared to its average volume of 1,177,052. The stock has a fifty-day moving average price of $ 67.51. The company has a market cap of $ 27.35 billion, a price-to-earnings ratio of 22.24 and a beta of 0.67. Interactive Brokers Group has a 52-week low of $ 42.54 and a 52-week high of $ 80.57.
The company also recently announced a quarterly dividend, which was paid on Monday, June 14. Investors of record on Tuesday, June 1 received a dividend of $ 0.10. The ex-dividend date of this dividend was Friday May 28. This represents a dividend of $ 0.40 on an annualized basis and a dividend yield of 0.61%. The Interactive Brokers Group payout ratio is currently 16.06%.
Interactive Brokers Group Company Profile
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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