NASDAQ, AMEX, NYSE Stocks Discuss IBKR - Interactive Brokers in the Stock Market Forum forums; Another new IPO this year (2007). Price dropped straight down after IPO, another great company that should be monitored for a bottom play: IBKR on Google Finance Chart Comapny Website ...

**BadThad** · #1 07-17-2007, 12:26 PM

Another new IPO this year (2007). Price dropped straight down after IPO, another great company that should be monitored for a bottom play:

IBKR on Google Finance

Chart

Comapny Website

Quote:

Interactive Brokers Group, Inc. (IBG) is an automated global electronic market maker and broker specializing in routing orders, and executing and processing trades in securities, futures and foreign exchange instruments as a member of more than 60 electronic exchanges and trading venues around the world. The Company has two business segments, market making and electronic brokerage. As a market maker, IBG provides continuous bid and offer quotations on approximately 324,000 securities and futures products listed on electronic exchanges around the world. IBG conducts its electronic brokerage business through its Interactive Brokers (IB) subsidiaries. As an electronic broker, the Company executes, clears and settles trades globally for both institutional and individual customers

Today's Price: $23.55

**BadThad** · #2 07-27-2007, 11:44 AM

Page Ranking on financials out....stock up over 4% on news:

Quote:

July 26 (Reuters) - Derivatives trader Interactive Brokers Group Inc. (IBKR.O: Quote, Profile, Research), which went public in May, posted higher quarterly earnings, helped by a 51 percent earnings growth in its electronic brokerage segment.

The Greenwich, Connecticut-based automated global market maker posted second-quarter net income of $11.4 million, or 28 cents a share, compared with $10.3 million, or 24 cents a share, in the prior year.

Operating earnings, which excludes non-recurring items, was 33 cents a share for the quarter.

Revenue rose to $294.7 million from $290.8 million.

Two analysts on average expected earnings of 33 cents a share, before items, and three analysts saw revenue at $347.5 million, according to Reuters Estimates. (Reporting by Tenzin Pema in Bangalore)

**BadThad** · #3 07-30-2007, 01:56 PM

Up 6% today. Did I miss the bottom?

**BadThad** · #4 08-17-2007, 12:46 PM

Up 4.6% today. Since the end of July, it's been rising.

**BadThad** · #5 08-27-2007, 03:30 PM

News out today:

Quote:

Interactive Brokers Group Returns to the American Stock Exchange as New Options Specialist
9:44a ET August 27, 2007 (Page Ranking NewsWire)
The American Stock Exchange(R) (Amex(R)) announced today that Interactive Brokers Group, Inc. has returned to the Exchange as a new options specialist unit following the company's acquisition of Kellogg Capital Group, LLC's options operations.

"We are pleased to welcome back Interactive Brokers Group to the Amex to take advantage of new opportunities that we can offer," said Neal Wolkoff, Chairman and Chief Executive Officer. "I want to thank Kellogg Capital Group for their contribution in committing capital and providing liquidity during their time as an Amex options specialist."

"Interactive Brokers Group looks forward to growing its options business and strengthening its relationship with the Amex. The acquisition of these specialist books gives us the opportunity to realize our technological advantage in the market making space across 150 additional listed option classes on the Amex," said Thomas Peterffy, CEO of Interactive Brokers Group.

Interactive Brokers will make markets for 150 options products as a new specialist, in addition to the products that they quote remotely as a Supplemental Registered Options Trader (SROT).

**BadThad** · #6 10-29-2007, 12:22 PM

Been a long time for updates to this one. I'm in this position since the IPO, but sold off some shares to minimize my losses. It's been a very tough IPO as investors just didn't seem to dig IBKR. No matter, they are absolutely kicking arse and the PPS has been slowing getting back to IPO level.

I missed the earnings release on OCT25:

Quote:

Interactive Brokers Group Announces Third Quarter Results
4:01p ET October 25, 2007 (Business Wire)
Interactive Brokers Group, Inc. (NASDAQ GS: IBKR) an automated global electronic market maker and broker, today reported diluted earnings per share of $0.53 for the quarter ended September 30, 2007, compared to pro forma $0.40 for the same period in 2006.

Net revenues were $445.1 million and income before income taxes was $307.9 million for the quarter, compared to net revenues of $339.8 million and income before income taxes of $220.1 million for the same period in 2006.

Business Highlights

-- 69.2% pre-tax margin.

-- Diluted earnings per share increased 32.5% year over year.

-- Electronic Brokerage pre-tax income up 114.9% year over year and 25.7% sequentially.

-- 50.4% Electronic Brokerage pre-tax margin.

-- Cleared DARTs increased by 51.7% year over year, to 228,000.

-- Market Making pre-tax income up 26.8% year over year and 110.4% sequentially.

-- 74.4% Market Making pre-tax margin.

-- Market Making options contract volume increased 46.6% year over year and 26.9% sequentially.

"The third quarter was an all time record for us, both in our brokerage and in our market making businesses, as both segments benefited from increased volatility and trading volumes in the exchange-listed derivatives space," said Thomas Peterffy, Chairman and CEO. "In our brokerage business we exceeded the 51% year on year earnings growth we have clocked in the last quarter by coming in with a growth rate over 100% for the current quarter. We are especially gratified by the 74% year on year increase in our cleared customers option volume because it validates the large investment we continue to make in bringing to our customers the best options trading technology available globally*. Our record results in market making, in a quarter that was challenging for many of our competitors, demonstrate the advantages of our automated systems that adapt quickly to turbulent markets where liquidity is most needed."

* For a list of features included in the latest update to our brokerage platform please see www.interactivebrokers.com/ibnews.

Segment Overview

Electronic Brokerage

Electronic Brokerage segment income before income taxes increased 114.9% in the quarter ended September 30, 2007 compared with the same period in 2006 and 25.7% sequentially, reflecting higher revenues from commission and execution fees and growth in net interest income. Pre-tax margin increased from 44.4% in the prior quarter to 50.4% for the quarter ended September 30, 2007, reflecting leverage from automation. Total DARTs for cleared and execution-only customers increased 46.0% to 270,000 during the three months ended September 30, 2007, compared to 185,000 during the three months ended September 30, 2006. Cleared DARTs increased by 51.7% to 228,000, as compared to the same period in 2006.

Market Making

Market Making segment income before income taxes increased 26.8% in the quarter ended September 30, 2007 compared with the same period in 2006 and 110.4% sequentially. Pre-tax margin increased from 61.5% in the prior quarter to 74.4% for the quarter ended September 30, 2007. High market volumes and increased volatility leveraged benefits of our automated trading system and integrated real time risk management. Market Making options contract volume in the quarter ended September 30, 2007 increased by 46.6% from the same period in 2006. In addition, our strong capital base was helpful at a time of constrained liquidity.

Conference Call Information:

Interactive Brokers Group will hold a conference call with investors today, October 25, 2007, at 5:30 p.m. EST to discuss its third quarter results. Investors who would like to listen to the conference call live should dial 888-264-8952 (U.S. domestic) and 913-312-9321 (international). The number should be dialed approximately ten minutes prior to the start of the conference call. Ask for the "Interactive Brokers Conference Call."

The conference call will also be accessible simultaneously, and through replays, as an audio webcast through the Investor Relations section of the Interactive Brokers web site, www.interactivebrokers.com/ir.

About Interactive Brokers Group, Inc.:

Interactive Brokers Group is an automated global electronic market maker and broker specializing in routing orders and executing and processing trades in securities, futures and foreign exchange instruments as a member of more than 60 electronic exchanges and trading venues around the world. As a market maker, we provide liquidity at these marketplaces and, as a broker, we provide professional traders and investors with direct access to stocks, options, futures, forex and bonds from a single IB Universal Account(SM). Employing proprietary software on a global communications network, Interactive Brokers Group continuously integrates its software with a growing number of exchanges and trading venues into one automatically functioning, computerized platform that requires minimal human intervention.

Cautionary Note Regarding Forward-Looking Statements:

The foregoing information contains certain forward-looking statements that reflect the company's current views with respect to certain current and future events and financial performance. These forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the company's operations and business environment which may cause the company's actual results to be materially different from any future results, expressed or implied, in these forward-looking statements. Any forward-looking statements in this release are based upon information available to the company on the date of this release. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any statements expressed or implied therein will not be realized. Additional information on risk factors that could potentially affect the company's financial results may be found in the company's filings with the Securities and Exchange Commission.

INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES OPERATING DATA TRADE VOLUMES: (in 000's, except %) Market Making % Cleared % Period Trades change trades change ------------------------------- --------- -------- ---------- -------- 2003 32,772 22,748 2004 41,506 27% 28,876 27% 2005 54,044 30% 34,800 21% 2006 66,043 22% 51,238 47% 3Q2006 16,952 12,317 3Q2007 27,203 60% 19,092 55% Non Av. Trades Cleared % Total % per US Period trades change Trades change Trading Day ---------------------- -------- ------- -------- ------- ------------- 2003 2,367 57,887 230 2004 2,932 24% 73,314 27% 290 2005 7,380 152% 96,224 31% 382 2006 12,828 74% 130,109 35% 518 3Q2006 2,778 32,047 509 3Q2007 3,878 40% 50,173 57% 796 CONTRACT AND SHARE VOLUMES: (in 000's, except %) TOTAL Options % Futures* % Stocks % Period (contracts) change (contracts) change (shares) change -------- ----------- ------ ----------- ------ ---------- ------ 2003 194,358 31,034 17,038,250 2004 269,715 39% 37,748 22% 17,487,528 3% 2005 409,794 52% 44,560 18% 21,925,120 25% 2006 563,623 38% 62,419 40% 34,493,410 57% 3Q2006 130,966 16,112 8,697,086 3Q2007 178,906 37% 22,330 39% 12,805,676 47% MARKET MAKING Options % Futures* % Stocks % Period (contracts) change (contracts) change (shares) change -------- ----------- ------ ----------- ------ ---------- ------ 2003 177,459 6,638 12,578,584 2004 236,569 33% 10,511 58% 12,600,280 0% 2005 308,613 30% 11,551 10% 15,625,801 24% 2006 371,929 21% 14,818 28% 21,180,377 36% 3Q2006 85,760 3,949 5,268,608 3Q2007 125,720 47% 3,805 -4% 6,867,410 30% BROKERAGE TOTAL Options % Futures* % Stocks % Period (contracts) change (contracts) change (shares) change -------- ----------- ------ ----------- ------ ---------- ------ 2003 16,898 24,396 4,459,667 2004 33,146 96% 27,237 12% 4,887,247 10% 2005 101,181 205% 33,009 21% 6,299,319 29% 2006 191,694 89% 47,601 44% 13,313,033 111% 3Q2006 45,206 12,163 3,428,478 3Q2007 53,186 18% 18,525 52% 5,938,266 73% BROKERAGE CLEARED Options % Futures* % Stocks % Period (contracts) change (contracts) change (shares) change -------- ----------- ------ ----------- ------ ---------- ------ 2003 11,351 19,086 3,612,503 2004 16,438 45% 24,118 26% 4,339,462 20% 2005 23,456 43% 30,646 27% 5,690,308 31% 2006 32,384 38% 45,351 48% 12,492,870 120% 3Q2006 7,823 11,577 3,241,663 3Q2007 13,637 74% 17,844 54% 5,217,253 61% * Includes options on futures
BROKERAGE STATISTICS (in 000's, except % and where noted) 3Q2007 3Q2006 % Change --------- -------- --------- Total Accounts 90 74 22% Customer Equity (in Billions) * $8.3 $5.4 54% Cleared DARTs 228 151 52% Total Customer DARTs 270 185 46% (in $'s, except DART per account) Avg. Commission per DART $4.58 $4.31 Avg. DART per Account (Annualized) 652 517 Avg. Net Revenue per Account (Annualized) $4,344 $3,293 * Excluding Non-Customers
INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES SEGMENT FINANCIAL INFORMATION (UNAUDITED) Three Months Ended September 30, 2007 2006 ---------- --------- (in millions) Market Making Net revenues $329.5 $264.6 Non-interest expenses 84.4 71.3 ---------- --------- Income before income taxes $245.1 $193.3 ========== ========= Pre-tax profit margin 74% 73% Electronic Brokerage Net revenues $111.7 $75.4 Non-interest expenses 55.4 49.2 ---------- --------- Income before income taxes $56.3 $26.2 ========== ========= Pre-tax profit margin 50% 35% Corporate Net revenues $3.9 ($0.2) Non-interest expenses (2.6) (0.8) ---------- --------- Income before income taxes $6.5 $0.6 ========== ========= Total Net revenues $445.1 $339.8 Non-interest expenses 137.2 119.7 ---------- --------- Income before income taxes $307.9 $220.1 ========== ========= Pre-tax profit margin 69% 65%
INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) Three Months Ended September 30, Actual Pro forma 2007 2006 ----------- ----------- (in millions except share and per share data) Revenues: Trading gains $289.2 $229.5 Commissions and execution fees 69.5 42.8 Interest income 207.6 183.3 Other income 21.6 18.7 ----------- ----------- Total revenues 587.9 474.3 Interest expense 142.8 134.5 ----------- ----------- Total net revenues 445.1 339.8 ----------- ----------- Non-interest expenses: Execution and clearing 85.1 76.7 Employee compensation and benefits 31.0 28.3 Occupancy, depreciation and amortization 6.7 5.1 Communications 4.1 3.2 General and administrative 10.3 6.4 ----------- ----------- Total non-interest expenses 137.2 119.7 ----------- ----------- Income before income taxes 307.9 220.1 Income tax expense 27.3 11.4 Minority interest (258.4) (191.8) ----------- ----------- Net income $22.2 $16.9 =========== =========== Earnings per share Basic $0.55 $0.42 =========== =========== Diluted $0.53 $0.40 =========== =========== Weighted average common shares outstanding Basic 40,142,196 40,142,196 Diluted 401,315,481 401,317,852
INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES 3Q06 PRO FORMA CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) Three Months Ended September 30, 2006 -------------------------------------- Historical Adjustments Pro Forma(1) ----------- ------------ ------------- (dollars in millions except share and per share data) Revenues: Trading gains $229.5 $- $229.5 Commissions and execution fees 42.8 - 42.8 Interest income 183.3 - 183.3 Other income 18.7 - 18.7 ----------- ------------ ------------- Total revenues 474.3 - 474.3 ----------- ------------ ------------- Interest expense 134.5 - 134.5 ----------- ------------ ------------- Total net revenues 339.8 - 339.8 ----------- ------------ ------------- Non-interest expenses: Execution and clearing 76.7 - 76.7 Employee compensation and benefits 28.3 - 28.3 Occupancy, depreciation and amortization 5.1 - 5.1 Communications 3.2 - 3.2 General and administrative(2) 6.4 0.0 6.4 ----------- ------------ ------------- Total non-interest expenses 119.7 0.0 119.7 ----------- ------------ ------------- Income before income taxes 220.1 (0.0) 220.1 Income tax expense(3),(4) 5.8 5.6 11.4 Less - Minority interest(5) - (191.8) (191.8) ----------- ------------ ------------- Net income $214.3 $(197.4) $16.9 =========== ============ ============= Earnings per share(6): Basic $0.42 ============= Diluted $0.40 ============= Weighted average common shares outstanding Basic 40,142,196 ============= Diluted 401,317,852 ============= See accompanying notes to unaudited pro forma consolidated statement of income.
INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES NOTES TO PRO FORMA CONSOLIDATED STATEMENT OF INCOME

Represents adjustments to reflect the following:

Diluted weighted average common shares outstanding of 401.3 million shares also includes 1.2 million shares of Common Stock to be issued pursuant to the 2007 ROI Unit Stock Plan. Shares of Common Stock to be issued in connection with the 2007 Stock Incentive Plan have been excluded from diluted weighted average common shares outstanding because such shares are non-dilutive.

SOURCE: Interactive Brokers Group, Inc.

**BadThad** · #7 07-25-2008, 03:33 PM

Down 20% on missed EPS report. I think investors over-reacted to this one:

Quote:

GREENWICH, Conn. - Electronic market maker and broker Interactive Brokers Group Inc. said Friday its second-quarter earnings rose 58 percent due to an increase in trading gains, but it fell short of analysts' expectations.

Net income for the quarter rose to $18.3 million, or 44 cents per share, from $11.6 million, or 28 cents per share, during the same quarter last year. The company went public during the second quarter last year.

Analysts polled by Thomson Financial, on average, forecast earnings of 50 cents per share for the quarter on revenue of $430.8 million.

Net revenue increased to $395.4 million during the quarter, from $294.7 million during the year-ago period.

Trading gains accounted for the bulk of the increase in revenue and offset sharp declines in interest income. Interactive Brokers trading gains rose to $266 million from $150.3 million during the year-ago period.

Interest income fell to $128.8 million during the quarter from $205.1 million last year.

Total trading volume at Interactive Brokers rose 18 percent during the quarter to about 51.8 million trades.

Despite the improved earnings, shares of Interactive Brokers fell $4.22, or 13.1 percent, to $27.98 in morning trading.