Interactive Brokers Group (NASDAQ:IBKR) Issues Earnings Results

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) released its earnings results on Tuesday. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05, FiscalAI reports. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.80 billion.

Interactive Brokers Group Stock Performance

Shares of IBKR traded up $2.74 on Tuesday, reaching $94.42. The stock had a trading volume of 4,873,686 shares, compared to its average volume of 4,907,445. The firm has a market capitalization of $160.17 billion, a price-to-earnings ratio of 40.70, a price-to-earnings-growth ratio of 2.07 and a beta of 1.33. The company has a 50-day simple moving average of $89.57 and a 200-day simple moving average of $78.76. Interactive Brokers Group has a 12-month low of $58.95 and a 12-month high of $97.84.

Insider Activity at Interactive Brokers Group

In related news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total value of $2,000,180.00. Following the completion of the transaction, the director directly owned 173,482 shares in the company, valued at $13,345,970.26. This trade represents a 13.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Interactive Brokers Group

Several large investors have recently made changes to their positions in the business. AQR Capital Management LLC increased its holdings in shares of Interactive Brokers Group by 24.7% during the first quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider’s stock valued at $2,269,000 after acquiring an additional 2,713 shares in the last quarter. Brown Advisory Inc. grew its position in Interactive Brokers Group by 307.9% during the second quarter. Brown Advisory Inc. now owns 14,497 shares of the financial services provider’s stock valued at $803,000 after buying an additional 10,943 shares during the period. Cerity Partners LLC purchased a new position in Interactive Brokers Group during the second quarter valued at $318,000. Daiwa Securities Group Inc. grew its stake in shares of Interactive Brokers Group by 291.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 35,600 shares of the financial services provider’s stock valued at $1,973,000 after acquiring an additional 26,500 shares during the period. Finally, AXA S.A. increased its stake in shares of Interactive Brokers Group by 128.1% in the second quarter. AXA S.A. now owns 12,816 shares of the financial services provider’s stock worth $710,000 after purchasing an additional 7,197 shares in the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on IBKR shares. Weiss Ratings raised Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. China Renaissance initiated coverage on shares of Interactive Brokers Group in a report on Tuesday, July 7th. They set a “hold” rating for the company. The Goldman Sachs Group set a $98.00 price target on shares of Interactive Brokers Group in a research report on Friday, May 1st. Barclays lifted their target price on shares of Interactive Brokers Group from $93.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Finally, BMO Capital Markets raised their price objective on Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.89.

Get Our Latest Stock Report on IBKR

Interactive Brokers Group Company Profile

(Get Free Report)

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.

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Earnings History for Interactive Brokers Group (NASDAQ:IBKR)

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