Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report)'s stock price gapped down before the market opened on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $173.43, but opened at $159.40. Interactive Brokers Group shares last traded at $157.06, with a volume of 1,545,453 shares.
The financial services provider reported $1.88 EPS for the quarter, missing analysts' consensus estimates of $1.92 by ($0.04). Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.37 billion.
Interactive Brokers Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.25 per share. The ex-dividend date was Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.65%. Interactive Brokers Group's payout ratio is 14.16%.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on IBKR shares. Citigroup reduced their price target on Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Barclays upped their price objective on shares of Interactive Brokers Group from $188.00 to $193.00 and gave the stock an "overweight" rating in a report on Wednesday, April 16th. Piper Sandler cut their price target on Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. StockNews.com cut Interactive Brokers Group from a "hold" rating to a "sell" rating in a research note on Friday. Finally, UBS Group increased their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Interactive Brokers Group has an average rating of "Moderate Buy" and a consensus target price of $207.88.
Get Our Latest Research Report on Interactive Brokers Group
Insider Activity at Interactive Brokers Group
In other news, Director Jill Bright purchased 135 shares of the company's stock in a transaction dated Friday, January 31st. The shares were purchased at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. This represents a 5.77 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.99% of the stock is owned by insiders.
Institutional Investors Weigh In On Interactive Brokers Group
Large investors have recently made changes to their positions in the company. Contravisory Investment Management Inc. bought a new position in Interactive Brokers Group in the fourth quarter worth approximately $25,000. SRH Advisors LLC purchased a new position in Interactive Brokers Group during the fourth quarter valued at $28,000. Versant Capital Management Inc increased its position in Interactive Brokers Group by 66.4% in the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock worth $31,000 after buying an additional 71 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Interactive Brokers Group by 90.7% during the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock valued at $33,000 after buying an additional 88 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd grew its stake in shares of Interactive Brokers Group by 39.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 53 shares during the period. 23.80% of the stock is currently owned by institutional investors.
Interactive Brokers Group Stock Performance
The company has a market capitalization of $65.10 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02. The company's fifty day moving average is $183.78 and its 200-day moving average is $181.81.
Shares of Interactive Brokers Group are set to split on Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly created shares will be payable to shareholders after the closing bell on Tuesday, June 17th.
About Interactive Brokers Group
(
Get Free Report)
Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.
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