Interactive Brokers Group (NASDAQ:IBKR) Shares Gap Down After Earnings Miss

Interactive Brokers Group, Inc. (NASDAQ:IBKR) gapped down before the market opened on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $173.43, but opened at $159.40. Interactive Brokers Group shares last traded at $157.06, with a volume of 1,545,453 shares trading hands.

The financial services provider reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.92 by ($0.04). Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.63%. Interactive Brokers Group’s payout ratio is 14.16%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on IBKR shares. Keefe, Bruyette & Woods increased their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. Bank of America reduced their target price on Interactive Brokers Group from $265.00 to $243.00 and set a “buy” rating for the company in a report on Wednesday. Citigroup dropped their price objective on shares of Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. UBS Group upped their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, StockNews.com raised Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $207.88.

Insider Buying and Selling

In other news, Director Jill Bright acquired 135 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was acquired at an average price of $219.51 per share, with a total value of $29,633.85. Following the completion of the transaction, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. This represents a 5.77 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.99% of the stock is owned by insiders.

Institutional Trading of Interactive Brokers Group

Several institutional investors have recently made changes to their positions in the stock. Contravisory Investment Management Inc. purchased a new position in Interactive Brokers Group in the fourth quarter valued at about $25,000. SRH Advisors LLC bought a new stake in shares of Interactive Brokers Group during the 4th quarter valued at about $28,000. Versant Capital Management Inc increased its holdings in shares of Interactive Brokers Group by 66.4% in the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 71 shares during the period. Blue Trust Inc. increased its position in Interactive Brokers Group by 90.7% in the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 88 shares during the period. Finally, Aster Capital Management DIFC Ltd raised its holdings in Interactive Brokers Group by 39.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 53 shares in the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Price Performance

The stock has a market capitalization of $66.72 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02. The business has a fifty day moving average of $186.35 and a 200-day moving average of $181.00.

Interactive Brokers Group’s stock is scheduled to split before the market opens on Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly issued shares will be issued to shareholders after the closing bell on Tuesday, June 17th.

About Interactive Brokers Group

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.