Why Interactive Brokers Group (IBKR) Stock Is Up Today

NEW YORK (TheStreet) -- Interactive Brokers Group (IBKR) was gaining 5.8% to $22.80 in after-hours trading Tuesday after beating analysts' expectations for earnings and revenue in the first quarter.

For the first quarter Interactive Brokers Group reported earnings of 34 cents a share, beating consensus estimates of 29 cents a share by 5 cents. Revenue grew 61.2% from the year-ago quarter to $369.2 million. Analysts surveyed by Thomson Reuters expected revenue of $314.8 million or the quarter.

Along with the earnings report the company announced a quarterly dividend of 10 cents a share payable on June 13 to all shareholders of record as of May 30.

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TheStreet Ratings team rates INTERACTIVE BROKERS GROUP as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate INTERACTIVE BROKERS GROUP (IBKR) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity."

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