The Q1 2018 EPS Estimates for Interactive Brokers Group, Inc. (IBKR) Cut by Analyst

The Q1 2018 EPS Estimates for Interactive Brokers Group, Inc. (IBKR) Cut by Analyst

Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Analysts at SunTrust Banks reduced their Q1 2018 EPS estimates for Interactive Brokers Group in a note issued to investors on Friday. SunTrust Banks analyst D. Mewhirter now anticipates that the financial services provider will post earnings of $0.38 per share for the quarter, down from their previous estimate of $0.39. SunTrust Banks currently has a “Hold” rating and a $38.00 target price on the stock.

Several other research analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods restated a “buy” rating and issued a $41.00 target price on shares of Interactive Brokers Group in a report on Wednesday, April 12th. Wells Fargo & Co restated a “market perform” rating and issued a $37.00 target price on shares of Interactive Brokers Group in a report on Saturday, March 11th. Finally, Zacks Investment Research upgraded shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $39.20.

Several other research analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods restated a “buy” rating and issued a $41.00 target price on shares of Interactive Brokers Group in a report on Wednesday, April 12th. Wells Fargo & Co restated a “market perform” rating and issued a $37.00 target price on shares of Interactive Brokers Group in a report on Saturday, March 11th. Finally, Zacks Investment Research upgraded shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $39.20. Shares of Interactive Brokers Group (NASDAQ:IBKR) opened at 35.78 on Monday. Interactive Brokers Group has a 1-year low of $31.97 and a 1-year high of $40.38. The stock’s 50 day moving average is $35.04 and its 200 day moving average is $36.65. The firm has a market capitalization of $2.43 billion, a P/E ratio of 32.86 and a beta of 1.01.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, April 18th. The financial services provider reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by $0.05. Interactive Brokers Group had a return on equity of 1.46% and a net margin of 5.69%. The company had revenue of $374 million for the quarter, compared to analyst estimates of $396.98 million. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The company’s quarterly revenue was down 23.5% on a year-over-year basis. Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Interactive Brokers Group by 75,132.1% in the first quarter. BlackRock Inc. now owns 6,629,451 shares of the financial services provider’s stock valued at $230,176,000 after buying an additional 6,620,639 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Interactive Brokers Group during the first quarter valued at about $40,656,000. OppenheimerFunds Inc. boosted its position in shares of Interactive Brokers Group by 3,912.4% in the first quarter. OppenheimerFunds Inc. now owns 888,917 shares of the financial services provider’s stock valued at $30,863,000 after buying an additional 866,763 shares during the last quarter. Bares Capital Management Inc. boosted its position in shares of Interactive Brokers Group by 24.4% in the first quarter. Bares Capital Management Inc. now owns 4,014,605 shares of the financial services provider’s stock valued at $139,387,000 after buying an additional 788,086 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Interactive Brokers Group during the fourth quarter valued at about $19,772,000. Institutional investors and hedge funds own 83.14% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 14th. Stockholders of record on Thursday, June 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Tuesday, May 30th. Interactive Brokers Group’s payout ratio is 31.25%. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:IBKR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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