Fiscal 2021 Profit Estimate for Interactive Brokers Group, Inc. (NASDAQ: IBKR) Released by Piper Sandler
Interactive Brokers Group, Inc. (NASDAQ: IBKR) – Piper Sandler stock analysts increased their estimates of earnings per share for fiscal 2021 for shares of Interactive Brokers Group in a report released on Monday, August 2. Piper Sandler analyst R. Repetto now predicts the financial services provider will post earnings per share of $ 3.13 for the year, up from its previous estimate of $ 3.06. Piper Sandler also released estimates for Interactive Brokers Group earnings for the fourth quarter of 2021 at $ 0.67 per share and first quarter 2022 earnings at $ 0.70 per share.
Several other stock analysts have also published reports on the company. Zacks Investment Research downgraded Interactive Brokers Group from a “buy” rating to a “hold” rating and set a price target of $ 72.00 for the company. in a research report on Wednesday, June 9. Credit Suisse Group increased its target price on Interactive Brokers Group from $ 92.00 to $ 110.00 and gave the stock an “outperformance” rating in a research report published on Wednesday, April 21. One research analyst rated the stock with a sell rating, two assigned a conservation rating, and three issued a buy rating for the company’s stock. The stock has an average “Hold” rating and a consensus price target of $ 82.50.
Shares of Interactive Brokers Group opened at $ 61.32 on Wednesday. The stock has a market cap of $ 25.56 billion, a price-to-earnings ratio of 20.82 and a beta of 0.65. The company’s fifty-day moving average price is $ 64.66. Interactive Brokers Group has a 12 month low of $ 46.43 and a 12 month high of $ 80.57. Interactive Brokers Group (NASDAQ: IBKR) last reported its quarterly results on Monday, July 19. The financial services provider reported EPS of $ 0.82 for the quarter, reaching the consensus estimate of $ 0.82. The company posted revenue of $ 754.00 million in the quarter, compared to analysts’ estimates of $ 701.17 million. Interactive Brokers Group recorded a return on equity of 2.89% and a net margin of 10.80%. The company’s revenue for the quarter increased 39.9% year-over-year. In the same quarter of last year, the company posted earnings per share of $ 0.57.
The company also recently unveiled a quarterly dividend, which will be paid on Tuesday, September 14. Investors of record on Wednesday, September 1 will receive a dividend of $ 0.10 per share. The ex-dividend date is Tuesday August 31. This represents a dividend of $ 0.40 on an annualized basis and a dividend yield of 0.65%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 16.06%.
In related news, Chairman Thomas Peterffy sold 20,000 shares of the company in a transaction that took place on Monday, May 10. The stock was sold at an average price of $ 68.48, for a total trade of $ 1,369,600.00. Following the completion of the transaction, the President now directly owns 7,769,711 shares of the company, valued at approximately $ 532,069,809.28. The sale was disclosed in a filing with the SEC, which is available at this link. During the last quarter, insiders sold 560,000 shares of the company valued at $ 36,462,400. 11.83% of the shares are currently held by insiders.
Hedge funds and other institutional investors have recently bought and sold shares. Stifel Financial Corp increased its stake in Interactive Brokers Group shares by 46.9% in the first quarter. Stifel Financial Corp now owns 233,767 shares of the financial services provider valued at $ 17,074,000 after acquiring an additional 74,594 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its stake in Interactive Brokers Group shares by 90.4% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 53,317 shares of the financial services provider valued at $ 3,894,000 after acquiring an additional 25,320 shares in the last quarter. Norges Bank purchased a new stake in the shares of Interactive Brokers Group during the 4th quarter for a value of approximately $ 47,763,000. Geode Capital Management LLC increased its stake in Interactive Brokers Group shares by 6.6% during the first quarter. Geode Capital Management LLC now owns 967,687 shares of the financial services provider valued at $ 70,679,000 after acquiring an additional 60,317 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in Interactive Brokers Group shares by 7.7% during the first quarter. Gamco Investors INC. ET AL now owns 11,150 shares of the financial services provider valued at $ 814,000 after acquiring 800 additional shares in the last quarter. 18.76% of the shares are currently held by institutional investors.
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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