Interactive Brokers Group (IBKR) reported quarterly earnings results on Tuesday, Jul-19-2016. The company said it had a profit of $0.40 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.34. The company posted revenue of $369.00 million in the period, compared to analysts expectations of $374.89 million. The company’s revenue was down -4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.
Many Wall Street Analysts have commented on Interactive Brokers Group. Buckingham Research Initiated Interactive Brokers Group on May 12, 2016 to “Neutral”, Price Target of the shares are set at $38.
Interactive Brokers Group opened for trading at $36.83 and hit $37.05 on the upside on Monday, eventually ending the session at $36.92, with a gain of 0.46% or 0.17 points. The heightened volatility saw the trading volume jump to 4,56,459 shares. Company has a market cap of $15,028 M.
In a different news, on Apr 26, 2016, Earl H Nemser (Vice Chairman) sold 4,000 shares at $40.21 per share price. According to the SEC, on Nov 16, 2015, Milan Galik (President) sold 5,584 shares at $42.16 per share price. On Nov 16, 2015, Paul Jonathan Brody (Chief Financial Officer) sold 281 shares at $42.16 per share price, according to the Form-4 filing with the securities and exchange commission.
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 more than 100 electronic exchanges and trading venues around the world. It operates in two segments: electronic brokerage and market making. The Company owns approximately 14.5% in IBG LLC the holding company for its businesses. The Company is the sole managing member of IBG LLC. As a direct market access broker the Company serves the customers of both traditional brokers and prime brokers. It provides its customers with order management trade execution and portfolio management platform. As a market maker it provides continuous bid and offer quotations on over one million securities and futures products listed on electronic exchanges around the world.