Interactive Brokers Group (NASDAQ:IBKR) had its price target cut by SunTrust Banks to $71.00 in a research report sent to investors on Wednesday. They currently have a $65.34 rating on the financial services provider’s stock. SunTrust Banks also issued estimates for Interactive Brokers Group’s Q3 2018 earnings at $0.54 EPS, Q4 2018 earnings at $0.59 EPS, FY2018 earnings at $2.34 EPS, Q1 2019 earnings at $0.60 EPS, Q2 2019 earnings at $0.64 EPS, Q3 2019 earnings at $0.66 EPS, Q4 2019 earnings at $0.70 EPS and FY2019 earnings at $2.60 EPS.
A number of other research analysts also recently issued reports on the company. Zacks Investment Research upgraded Interactive Brokers Group from a hold rating to a strong-buy rating and set a $83.00 price target on the stock in a report on Friday, April 20th. BidaskClub downgraded Interactive Brokers Group from a strong-buy rating to a buy rating in a report on Friday, June 1st. Wells Fargo & Co restated an underperform rating and set a $60.00 price target (up previously from $52.00) on shares of Interactive Brokers Group in a report on Wednesday, April 18th. ValuEngine upgraded Interactive Brokers Group from a buy rating to a strong-buy rating in a report on Wednesday, May 2nd. Finally, Compass Point initiated coverage on Interactive Brokers Group in a report on Tuesday, June 5th. They set a neutral rating and a $74.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $69.86.
Get Interactive Brokers Group alerts:Shares of Interactive Brokers Group traded down $0.01, reaching $62.66, during midday trading on Wednesday, according to MarketBeat.com. The company had a trading volume of 532,441 shares, compared to its average volume of 1,007,268. Interactive Brokers Group has a one year low of $37.04 and a one year high of $80.32. The firm has a market cap of $25.80 billion, a PE ratio of 40.95, a price-to-earnings-growth ratio of 1.42 and a beta of 0.97.
Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, July 17th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Interactive Brokers Group had a return on equity of 2.29% and a net margin of 5.19%. The company had revenue of $445.00 million for the quarter, compared to the consensus estimate of $409.02 million. During the same quarter in the previous year, the business earned $0.32 EPS. Interactive Brokers Group’s revenue was up 15.0% compared to the same quarter last year. sell-side analysts anticipate that Interactive Brokers Group will post 2.32 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.64%. Interactive Brokers Group’s dividend payout ratio is presently 26.14%.
Large investors have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Interactive Brokers Group by 528.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 918,832 shares of the financial services provider’s stock worth $61,782,000 after acquiring an additional 772,732 shares during the period. Cantillon Capital Management LLC grew its holdings in shares of Interactive Brokers Group by 24.6% during the 1st quarter. Cantillon Capital Management LLC now owns 2,541,244 shares of the financial services provider’s stock worth $170,873,000 after acquiring an additional 501,191 shares during the period. BlackRock Inc. grew its holdings in shares of Interactive Brokers Group by 4.4% during the 1st quarter. BlackRock Inc. now owns 6,026,103 shares of the financial services provider’s stock worth $405,194,000 after acquiring an additional 255,296 shares during the period. Robeco Institutional Asset Management B.V. purchased a new position in shares of Interactive Brokers Group during the 1st quarter worth approximately $13,002,000. Finally, Northern Trust Corp grew its holdings in shares of Interactive Brokers Group by 27.5% during the 1st quarter. Northern Trust Corp now owns 801,624 shares of the financial services provider’s stock worth $53,902,000 after acquiring an additional 172,755 shares during the period. Institutional investors own 15.10% of the company’s stock.
About Interactive Brokers Group
Interactive Brokers Group, Inc operates as an automated electronic broker in approximately 120 electronic exchanges and market centers worldwide. It specializes in executing and clearing trades in securities, futures, foreign exchange instruments, bonds, and mutual funds. The company custodies and services accounts for hedge and mutual funds, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.
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