In yesterday’s Wall Street session, Interactive Brokers Group Inc. (NASDAQ:IBKR) shares traded at $86.85, up 1.56% from the previous session.
IBKR stock price is now 7.63% away from the 50-day moving average and 9.84% away from the 200-day moving average. The market capitalization of the company currently stands at $36.77B.
With the price target of $85, Citigroup recently initiated with Buy rating for Interactive Brokers Group Inc. (NASDAQ: IBKR).
In other news, Uhde Philip, Director sold 108,844 shares of the company’s stock on Apr 20. The stock was sold for $8,900,423 at an average price of $81.77. Upon completion of the transaction, the Director now directly owns 2,270 shares in the company, valued at $0.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 27, Chairman Peterffy Thomas sold 20,000 shares of the business’s stock. A total of $1,555,106 was realized by selling the stock at an average price of $77.76. This leaves the insider owning 1,630,605 shares of the company worth $141.62 million. Insiders disposed of 1,495,314 shares of company stock worth roughly $129.87 million over the past 1 year. A total of 2.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in IBKR stock. A new stake in Interactive Brokers Group Inc. shares was purchased by EMPOWER ADVISORY GROUP, LLC during the first quarter worth $43,729,000. CITADEL ADVISORS LLC invested $41,218,000 in shares of IBKR during the first quarter. In the first quarter, BAMCO INC /NY/ acquired a new stake in Interactive Brokers Group Inc. valued at approximately $17,978,000. PHILADELPHIA FINANCIAL MANAGEMENT OF SAN FRANCISCO, LLC acquired a new stake in IBKR for approximately $8,679,000. LIONTRUST INVESTMENT PARTNERS LLP purchased a new stake in IBKR valued at around $7,691,000 in the second quarter. In total, there are 581 active investors with 91.20% ownership of the company’s stock.
On Thursday morning Interactive Brokers Group Inc. (NASDAQ: IBKR) stock kicked off with the opening price of $85.73. During the past 12 months, Interactive Brokers Group Inc. has had a low of $55.42 and a high of $90.19. According to the stock market information, the enterprise value for the company is $15.66B, which is based on a 17.74 price-to-earnings ratio, a 1.01 price-to-earnings-growth ratio, and a beta of 0.80. The fifty day moving average price for IBKR is $80.90 and a two-hundred day moving average price translates $79.15 for the stock.
The latest earnings results from Interactive Brokers Group Inc. (NASDAQ: IBKR) was released for Jun, 2023. According to the Capital Markets Company, earnings per share came in at $1.32, missing analysts’ expectations of $1.4 by -0.08. This compares to $0.74 EPS in the same period last year. The net profit margin was 6.10% and return on equity was 13.80% for IBKR. The company reported revenue of $1.06 billion for the quarter, compared to $645.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 63.72 percent. For the current quarter, analysts expect IBKR to generate $1.09B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/14/2023. Investors who held shares on 09/01/2023 were paid a $0.10 dividend. On an annualized basis, this represents a $0.40 dividend and a 0.46% percent yield. There was an ex-dividend date of 08/31/2023 for this dividend. In terms of dividend payout ratio, IBKR is presently at 10.60%.
Interactive Brokers Group Inc.(IBKR) Company Profile
Interactive Brokers Group, Inc. operates as an automated electronic broker worldwide. The company specializes in routing, executing, and processing trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors. In addition, it offers custody, prime brokerage, securities, and margin lending services. The company serves institutional and individual customers through approximately 150 electronic exchanges and market centers. Interactive Brokers Group, Inc. was founded in 1977 and is headquartered in Greenwich, Connecticut.
