Interactive Brokers Group Inc. (NASDAQ:IBKR) – Investment analysts at SunTrust Banks cut their Q3 2016 earnings per share (EPS) estimates for Interactive Brokers Group in a research note issued on Friday. SunTrust Banks analyst D. Mewhirter now expects that the firm will post earnings of $0.32 per share for the quarter, down from their previous forecast of $0.36. SunTrust Banks also issued estimates for Interactive Brokers Group’s Q4 2016 earnings at $0.36 EPS, FY2016 earnings at $1.63 EPS, Q1 2017 earnings at $0.38 EPS, Q2 2017 earnings at $0.40 EPS, Q3 2017 earnings at $0.42 EPS, Q4 2017 earnings at $0.44 EPS and FY2017 earnings at $1.64 EPS.
Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The firm earned $369 million during the quarter, compared to the consensus estimate of $373.43 million. Interactive Brokers Group had a net margin of 6.35% and a return on equity of 1.80%.
Separately, Zacks Investment Research downgraded shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.58.
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Shares of Interactive Brokers Group (NASDAQ:IBKR) opened at 35.17 on Monday. The firm’s 50-day moving average is $35.29 and its 200 day moving average is $37.10. Interactive Brokers Group has a 12 month low of $29.50 and a 12 month high of $44.85. The firm has a market capitalization of $2.37 billion, a P/E ratio of 23.31 and a beta of 0.94.
Large investors have recently modified their holdings of the company. Societe Generale purchased a new stake in shares of Interactive Brokers Group during the second quarter worth about $135,000. SG Americas Securities LLC purchased a new stake in shares of Interactive Brokers Group during the second quarter worth about $135,000. Tower Research Capital LLC TRC increased its stake in shares of Interactive Brokers Group by 2,477.5% in the second quarter. Tower Research Capital LLC TRC now owns 4,588 shares of the company’s stock worth $162,000 after buying an additional 4,410 shares during the last quarter. SeaBridge Investment Advisors LLC increased its stake in shares of Interactive Brokers Group by 6.6% in the second quarter. SeaBridge Investment Advisors LLC now owns 4,798 shares of the company’s stock worth $170,000 after buying an additional 298 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Interactive Brokers Group by 3.7% in the second quarter. Legal & General Group Plc now owns 4,910 shares of the company’s stock worth $174,000 after buying an additional 175 shares during the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Stockholders of record on Thursday, September 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Tuesday, August 30th. Interactive Brokers Group’s payout ratio is presently 26.49%.
About Interactive Brokers Group
Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 100 electronic exchanges and trading venues around the world.
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