orbis investment management limited bloomberg

Interactive Brokers Group has shown promising growth projections for its upcoming quarters and has attracted significant attention from investors and financial analysts alike due to these positive forecasts. It is important to note that institutional investors and hedge funds now collectively own about 21.56% of Interactive Brokers Group’s stock. Finally, Coronation Fund Managers Ltd raised its stake by 263% during the second quarter and now owns 931,020 shares valued at $77.34 million. Junto Capital Management LP also purchased a new stake during the same period with an estimated value of $60.38 million. Norges Bank entered the picture with a new stake in the fourth quarter worth approximately $97.72 million. Bank of America Corp DE also grew its holdings by a significant 1,311.8% during the fourth quarter, owning 1,474,936 shares valued at $106.71 million. Various hedge funds and institutional investors have been adjusting their stakes in Interactive Brokers Group recently as well According to reports, Orbis Allan Gray Ltd increased its stake in the company by 68.7% during the first quarter, now owning 7,164,239 shares worth $591.48 million.

Quarterly revenue amounted to $1 billion, surpassing analyst estimates which had predicted $1.06 billion in revenue. The company’s net margin stood at 8.14% with a return on equity of 4.41%. In its previous earnings release on July 18th, Interactive Brokers Group reported earnings per share (EPS) of $1.32 for the quarter, falling short of the consensus estimate by ($0.08).

The ex-dividend date was August 31st and Interactive Brokers Group’s current dividend payout ratio is approximately 8.16%. This dividend amounts to $0.10 per share on an annualized basis and offers a dividend yield of 0.43%. The company recently announced a quarterly dividend which will be paid on September 14th to investors of record as of September 1st. For the fiscal year 2024, their estimate stands at $5.57 EPS, while Q1 2025 is projected to have earnings of $1.32 per share. Zacks Research has also provided estimates for Interactive Brokers Group’s future earnings, including $1.44 EPS for Q1 2024, $1.34 EPS for Q2 2024, and $1.45 EPS for Q3 2024. The consensus estimate for Interactive Brokers Group’s full-year earnings is currently set at $5.64 per share. The financial services provider is now expected to earn $1.44 per share for the quarter, up from the previous estimate of $1.42.

(NASDAQ:IBKR) has received an upward revision in its third quarter 2023 earnings per share (EPS) estimates by Equities researchers at Zacks Research. Show more Upward Revision in Earnings Estimates and Promising Growth Projections for Interactive Brokers Group, Inc.

Please note that the information provided is accurate as of September 5, 2023. Moreover, the company’s dividend payout ratio is currently 8.16%, providing additional value for investors. Overall, Interactive Brokers Group continues to garner positive attention from equities analysts, with a consensus rating of “Moderate Buy” and a price target of $113.60. In terms of its moving averages, IBKR’s 50-day simple moving average is recorded at $87.48, while its 200-day simple moving average stands at $82.86. The stock also carries a beta value of 0.80. The market capitalization for Interactive Brokers Group currently stands at approximately $38.95 billion, with a price-to-earnings ratio (P/E) of 18.88 and a P/E growth ratio (P/E/G) of 0.82. Over the past year, the stock has experienced a low of $61.47 and a high of $94.28. The ex-dividend date is set for August 31st.Īs of Monday’s opening bell, shares of IBKR stock were valued at $92.53. This translates to an annualized dividend of $0.40 and a dividend yield of 0.43%.

The company recently announced its quarterly dividend, which will be paid on September 14th, with investors of record on September 1st receiving a $0.10 dividend. reports that the average rating for the company is classified as “Moderate Buy,” and the consensus price target stands at $113.60. Additionally, Barclays raised their target price for the stock from $97.00 to $106.00 on July 13th, while Jefferies Financial Group increased their price target from $104.00 to $106.00 in a report published on June 5th.Ĭurrently, one analyst has rated Interactive Brokers Group as a hold and five have given it a buy rating. , for example, began coverage on IBKR shares on August 17th, issuing a “hold” rating. Interactive Brokers Group (IBKR) has recently received positive attention from equities analysts, with multiple firms weighing in on the stock.

Orbis investment management limited bloomberg