Interactive Brokers Group (NASDAQ:IBKR) will be posting its quarterly earnings results after the market closes on Monday, January 15th. Analysts expect Interactive Brokers Group to post earnings of $0.36 per share for the quarter.
Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.05. The business had revenue of $426.00 million during the quarter, compared to the consensus estimate of $382.85 million. Interactive Brokers Group had a return on equity of 1.35% and a net margin of 5.29%. The company’s revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 earnings per share. On average, analysts expect Interactive Brokers Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Interactive Brokers Group (IBKR) opened at $63.10 on Friday. The firm has a market capitalization of $25,980.00, a P/E ratio of 54.40, a PEG ratio of 3.33 and a beta of 1.02. Interactive Brokers Group has a fifty-two week low of $33.01 and a fifty-two week high of $63.16.
A hedge fund recently raised its stake in Interactive Brokers Group stock. The Manufacturers Life Insurance Company increased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 27.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,966 shares of the financial services provider’s stock after purchasing an additional 647 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Interactive Brokers Group were worth $111,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 15.79% of the company’s stock.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Tuesday, September 19th. Goldman Sachs Group downgraded Interactive Brokers Group from a “neutral” rating to a “sell” rating and set a $59.00 price objective for the company. in a report on Monday, January 8th. BidaskClub downgraded Interactive Brokers Group from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Finally, SunTrust Banks increased their price objective on Interactive Brokers Group to $48.00 and gave the company an “average” rating in a report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a strong buy rating to the company. Interactive Brokers Group presently has an average rating of “Hold” and a consensus target price of $48.33.
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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 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.
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