Interactive Brokers Group, Inc. (IBKR) To Go Ex-Dividend on August 31st

Interactive Brokers Group, Inc. (NASDAQ:IBKR) announced a quarterly dividend on Tuesday, July 20th, Zacks reports. Investors of record on Wednesday, September 1st will be given a dividend of 0.10 per share by the financial services provider on Tuesday, September 14th. This represents a $0.40 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Tuesday, August 31st.

IBKR traded down $0.81 on Thursday, hitting $62.33. The company had a trading volume of 6,373 shares, compared to its average volume of 645,023. The company has a fifty day simple moving average of $65.73. Interactive Brokers Group has a 12-month low of $46.43 and a 12-month high of $80.57. The stock has a market cap of $25.98 billion, a PE ratio of 20.80 and a beta of 0.65.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Monday, July 19th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.82. Interactive Brokers Group had a return on equity of 2.97% and a net margin of 10.80%. The company had revenue of $754.00 million for the quarter, compared to analyst estimates of $701.17 million. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The firm’s quarterly revenue was up 39.9% compared to the same quarter last year. Analysts predict that Interactive Brokers Group will post 3.13 earnings per share for the current year.

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group boosted their price target on Interactive Brokers Group from $73.00 to $83.00 and gave the stock a “neutral” rating in a research note on Monday, April 5th. Credit Suisse Group boosted their price target on Interactive Brokers Group from $92.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 21st. Finally, Zacks Investment Research lowered Interactive Brokers Group from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a research note on Wednesday, June 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $78.86.

In other news, Chairman Thomas Peterffy sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, July 19th. The stock was sold at an average price of $62.40, for a total transaction of $1,248,000.00. Following the completion of the transaction, the chairman now directly owns 6,807,511 shares of the company’s stock, valued at approximately $424,788,686.40. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 580,000 shares of company stock valued at $38,773,200. Corporate insiders own 11.83% of the company’s stock.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. It specializes in executing and clearing trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, and exchange traded funds (ETFs). The company custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.

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Dividend History for Interactive Brokers Group (NASDAQ:IBKR)

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