The Interactive Brokers Group, Inc. (IBKR) Releases FY16 Earnings Guidance

The Interactive Brokers Group, Inc. (IBKR) Releases FY16 Earnings Guidance

Interactive Brokers Group, Inc. (NASDAQ:IBKR) issued an update on its FY16 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.32. The company issued revenue guidance of $1.40 billion, compared to the consensus revenue estimate of $1.47 billion.

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) opened at 37.11 on Thursday. The firm has a market cap of $2.52 billion, a PE ratio of 25.44 and a beta of 0.99. Interactive Brokers Group, Inc. has a one year low of $29.50 and a one year high of $41.40. The company has a 50-day moving average of $38.02 and a 200 day moving average of $36.10.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 17th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.22. Interactive Brokers Group had a net margin of 6.26% and a return on equity of 1.72%. The firm earned $193 million during the quarter, compared to analyst estimates of $365.05 million. During the same period in the previous year, the firm posted $0.25 EPS. The company’s revenue for the quarter was down 28.8% compared to the same quarter last year. On average, equities research analysts expect that Interactive Brokers Group, Inc. will post $1.63 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 14th. Stockholders of record on Wednesday, March 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Monday, February 27th. Interactive Brokers Group’s dividend payout ratio is currently 27.40%.

IBKR has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods initiated coverage on shares of Interactive Brokers Group in a research note on Thursday, December 8th. They set an outperform rating and a $44.00 price objective for the company. Goldman Sachs Group, Inc. (The) raised shares of Interactive Brokers Group from a sell rating to a neutral rating and upped their price objective for the company from $34.00 to $40.00 in a research note on Tuesday, January 10th. Zacks Investment Research raised shares of Interactive Brokers Group from a sell rating to a hold rating and set a $43.00 price objective for the company in a research note on Tuesday, December 20th. Finally, SunTrust Banks, Inc. reaffirmed a hold rating on shares of Interactive Brokers Group in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $41.00.

Hedge funds have recently modified their holdings of the company. BOKF NA bought a new position in Interactive Brokers Group during the second quarter worth $218,000. Summit Securities Group LLC bought a new position in Interactive Brokers Group during the second quarter worth $264,000. BlackRock Inc. boosted its position in Interactive Brokers Group by 60.6% in the second quarter. BlackRock Inc. now owns 7,756 shares of the company’s stock worth $274,000 after buying an additional 2,927 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Interactive Brokers Group during the second quarter worth $296,000. Finally, Menta Capital LLC bought a new position in Interactive Brokers Group during the second quarter worth $327,000. Institutional investors and hedge funds own 82.82% of the company’s stock.

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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