STOCKREPORTS+

INTERACTIVE BROKERS GROUP INC (IBKR-O)

Banking & Investment Svcs. / Investment Banking & Svcs. / Financial Market Operators
DETAILED STOCK REPORT
Report Date: 2017 April 26

Last Close Avg Daily Vol 52-Week High Trailing PE Annual Div ROE LTG Forecast 1-Mo Return
34.54 (USD) 820,912 40.38 31.1 0.40 7.9% 16.9% -0.4%
2017 April 25 Market Cap 52-Week Low Forward PE Dividend Yield Annual Rev Inst Own 3-Mo Return
NASDAQ Exchange
2.3B 31.97 24.8 1.2% 1.4B 82.4% -6.8%

AVERAGE SCORE
NEUTRAL OUTLOOK: IBKR's current score is Score Averages
relatively in-line with the market. Investment Banking & Svcs. Group: 6.1 Mid Market Cap: 6.2
Banking & Investment Svcs. Sector: 6.8 S&P 500 Index: 6.5

Average Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend

Positive CBOE 6 9 8 9 8
ICE 6 6 7 8 8
Neutral CME 7 6 7 6 6
NDAQ 6 6 6 4 5
Negative
IBKR 6 4 6 8 4
2014-04 2015-04 2016-04 2017-04

HIGHLIGHTS THOMSON REUTERS I/B/E/S MEAN

- The score for Interactive Brokers Group Inc dropped to 4 this
week, its worst value over the past year. Hold Mean recommendation from all analysts covering
7 Analysts the company on a standardized 5-point scale.
- The recent change in the Average Score was primarily due to a
decline in the Earnings and Relative Valuation component
scores. Strong
Sell Reduce Hold Buy
Buy

PRICE AND VOLUME CHARTS

1-Year Return: -12.5% 5-Year Return: 125.0%

BUSINESS SUMMARY
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 over 120
electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.
It operates in two segments: electronic brokerage and market making. It conducts its electronic brokerage business through its Interactive Brokers (IB)
subsidiaries. It conducts its market making business through its Timber Hill (TH) subsidiaries. In the United States, it conducts its business from
Greenwich, Connecticut and Chicago, Illinois. Outside the United States, it conducts business in Canada, England, Switzerland, Liechtenstein, China
(Hong Kong and Shanghai), India, Australia and Japan.

Page 1 of 12
© 2017 Thomson Reuters. All rights reserved.
 STOCKREPORTS+
INTERACTIVE BROKERS GROUP INC (IBKR-O)
Banking & Investment Svcs. / Investment Banking & Svcs. / Financial Market Operators
DETAILED STOCK REPORT
Report Date: 2017 April 26

INDICATOR COMPONENTS
The AVERAGE SCORE combines the quantitative analysis of six widely-used investment decision making tools: Earnings,
Fundamental, Relative Valuation, Risk, Price Momentum and Insider Trading. A simple average of the underlying component ratings is
normally distributed to rank stocks on a 1-10 scale (10 being awarded to the most favorable). These factors may be evaluated differently
using alternative methodologies and the importance of individual factors varies across industries, market capitalization and investment
styles. Additional criteria should always be used to evaluate a stock.

Earnings Fundamental Relative Valuation Risk Price Momentum Insider Trading

OPTIMIZED SCORE
As an alternative approach to equally weighting each of the six factors, independent
Historically, companies with an optimized score research firm, Verus Analytics, conducted a backtest to empirically determine the
of 4 have tended to moderately underperform optimal factor blend. Results and weighting vary across four different market
the market over the following 12-month period. capitalization categories. For large cap stocks, price momentum and insider trading
historically provided the most explanatory power among the six factors and are
weighted heavily in the current optimized score. Among the small cap universe, the
earnings and fundamental factors joined with insider trading and price momentum to
explain returns.
PEER ANALYSIS Currency in USD

PRICE MOMENTUM VALUATION FUNDAMENTAL ANALYSTS

Average Price 1-Mo 3-Mo 1-Yr Market Trailing Forward Dividend Net LTG I/B/E/S # of
Score Ticker (2017-04-25) Return Return Return Cap PE PE Yield Margin Forecast Mean Analysts
6 CME 119.94 0.1% -0.2% 28.0% 40.4B 26.5 24.6 2.2% 42.7% 8.5% Buy 15
8 ICE 60.97 1.9% 5.2% 26.8% 35.9B 25.7 20.3 1.3% 31.6% 12.9% Buy 15
8 FIS 83.86 4.7% 5.0% 27.6% 27.1B 48.5 19.7 1.4% 6.1% 13.2% Buy 25
5 NDAQ 70.53 1.0% 3.2% 9.9% 11.6B 113.8 17.0 1.8% 2.9% 10.4% Buy 14
8 CBOE 84.16 5.9% 8.0% 29.3% 9.3B 37.1 26.9 1.2% 27.6% 17.6% Buy 14
5 MKTX 184.67 -1.6% 4.9% 43.6% 6.9B 55.1 47.0 0.7% 35.8% 16.0% Buy 6
9 OAK 46.55 3.7% 12.8% -3.6% 3.0B 15.0 16.0 5.4% 16.9% 15.0% Hold 9
9 BGCP 11.43 5.4% 2.5% 23.2% 2.8B 30.1 11.8 5.6% 3.9% -- Strong Buy 2
4 IBKR 34.54 -0.4% -6.8% -12.5% 2.3B 31.1 24.8 1.2% 5.4% 16.9% Hold 7
6 YIN 16.50 -17.4% -4.2% -- 1.2B 6.9 6.3 4.9% 34.2% -- Strong Buy 1
4 VIRT 16.10 -4.2% -10.3% -24.9% 653M 18.5 17.8 6.0% 4.7% 0.8% Hold 6
6.5 Average 66.30 -0.1% 1.8% 14.7% 12.8B 37.1 21.1 2.9% 19.3% 12.4% Buy 10.4

PEER COMPANIES
CME CME Group Inc MKTX Marketaxess Holdings Inc
ICE Intercontinental Exchange Inc OAK Oaktree Capital Group
FIS Fidelity National Information BGCP BGC Partners Inc
NDAQ Nasdaq Inc YIN Yintech Investment Holdings
CBOE CBOE Holdings Inc VIRT Virtu Financial Inc

Page 2 of 12
© 2017 Thomson Reuters. All rights reserved.
 STOCKREPORTS+
INTERACTIVE BROKERS GROUP INC (IBKR-O)
Banking & Investment Svcs. / Investment Banking & Svcs. / Financial Market Operators
DETAILED STOCK REPORT
Report Date: 2017 April 26

EARNINGS Currency in USD

NEGATIVE OUTLOOK: Weak earnings with Earnings Score Averages

recent analyst downgrades or a history of Investment Banking & Svcs. Group: 6.0 Mid Market Cap: 5.9
missing consensus estimates. Banking & Investment Svcs. Sector: 6.0 S&P 500 Index: 6.3

Earnings Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend

Positive CBOE 10 10 10 10 10
CME 10 9 10 10 10
Neutral ICE 10 6 7 10 10
NDAQ 9 7 8 3 3
Negative
IBKR 4 3 4 8 1
2014-04 2015-04 2016-04 2017-04

EARNINGS INDICATORS
Earnings Surprises Estimate Revisions Recommendation Changes
(33.3% weight) (33.3% weight) (33.3% weight)

CME CBOE
CBOE
NDAQ CME
CME
ICE ICE

CBOE

IBKR IBKR
IBKR
NDAQ NDAQ

ICE

Last 4 Quarters Last 4 Weeks Last 120 Days

# Positive Surprises (> 2%) 1 # Up Revisions 0 # Broker Upgrades 1
# Negative Surprises (< -2%) 2 # Down Revisions 6 # Broker Downgrades 2
# In-Line Surprises (within 2%) 1 Avg Up Revisions 0.0%
Avg Surprise -2.5% Avg Down Revisions -85.7%

HIGHLIGHTS PRICE TARGET

- The Earnings Rating for Interactive Brokers Group Inc declined The chart indicates where analysts predict the stock price will be within
significantly over the past week from 8 to 1. The current rating is the next 12 months, as compared to the current price.
considerably more bearish than the Financial Market Operators
industry average of 6.4. IBKR scores a bearish 4 or less for all three 39.00 HIGH 12-Month Price Target
component ratings. Mean 38.00
38.00 MEAN
High 39.00
- On 2017-04-18, the company announced quarterly earnings of 0.40 37.00 LOW
per share, relatively in-line with the consensus 0.39. Over the past 4 Low 37.00
quarters, the company has reported 1 positive, 2 negative, and 1 in- 36.00 Target vs. Current 10.0%
line surprises. The average surprise for this time period has been - 35.00 34.54
# of Analysts 5
2.5%.
34.00
- IBKR's current quarter consensus estimate has decreased over the Current Price Price Target
past 90 days from 0.39 to 0.32, a loss of -18.7%. This trails the
Financial Market Operators industry average of -1.0% during the same
time period.

Page 3 of 12
© 2017 Thomson Reuters. All rights reserved.
 STOCKREPORTS+
INTERACTIVE BROKERS GROUP INC (IBKR-O)
Banking & Investment Svcs. / Investment Banking & Svcs. / Financial Market Operators
DETAILED STOCK REPORT
Report Date: 2017 April 26

EARNINGS PER SHARE

Actuals Estimates
0.600

Earnings per share (EPS) is calculated 0.500 Quarterly 17-06 17-09

by dividing a company's earnings by the 0.400
0.400 0.360 Mean 0.317 0.333
number of shares outstanding. Analysts HIGH
0.300 High 0.340 0.350
tend to interpret a pattern of increasing MEAN
0.300 LOW
earnings as a sign of strength and flat Low 0.280 0.320
or falling earnings as a sign of 0.200 0.160
# of Analysts 6 6
weakness.
0.100
The charts provide a comparison 16-06 16-09 16-12 17-03 17-06 17-09
between a company's actual and
estimated EPS, including the high and Actuals Estimates
low forecasts. 2.100

1.800 Annual 2017 2018

HIGH
MEAN Mean 1.402 1.601
1.500 1.310 LOW
High 1.450 1.710
1.200 Low 1.370 1.450
0.900 # of Analysts 5 7
0.620
0.600
2015 2016 2017 2018

MEAN ESTIMATE TREND ANALYST RECOMMENDATIONS

Q Q Y Y Price Thomson Reuters I/B/E/S Mean: Hold (7 Analysts)
17-06 17-09 2017 2018 Target
Current 0.317 0.333 1.402 1.601 38.00
Strong Buy 0
30 Days Ago 0.376 0.372 1.488 1.747 40.40 Buy 2
90 Days Ago 0.390 0.390 1.498 1.836 40.40 Hold 4
% Change (90 Days) -18.7% -14.6% -6.4% -12.8% -5.9%
Reduce 0
Current Fiscal Year End: 17-12
Next Expected Report Date: 2017-07-17 Sell 1

EARNINGS SURPRISES
Comparing a company's actual earnings to the mean expectation of Surprise Detail (Last 6 Periods)
analysts results in a difference referred to as a 'positive' or 'negative'
surprise. Research has shown that when a company reports a Surprise Announce Period End Actual Mean Surprise
surprise, it is often followed by more of the same surprise type. Type Date Date EPS EPS (%)
Surprise Summary (Last 12 Quarters) In-Line 2017-04-18 2017-03-31 0.400 0.394 1.5%
Negative 2017-01-17 2016-12-31 0.160 0.172 -7.0%
Surprise Type Amount Percent
Negative 2016-10-18 2016-09-30 0.300 0.326 -8.0%
Positive Quarters (> 2%) 3 25.0%
Positive 2016-07-19 2016-06-30 0.360 0.348 3.4%
Negative Quarters (< -2%) 7 58.3%
Positive 2016-04-19 2016-03-31 0.600 0.465 29.0%
In-Line Quarters (within 2%) 2 16.7%
Negative 2016-01-19 2015-12-31 0.180 0.260 -30.8%

ANNUAL REVENUE
A pattern of increasing sales in Actuals Estimates
conjunction with a rising EPS may
influence a buy recommendation, while 2.0B
2017 2018
flat or falling sales and faltering 1.8B HIGH
earnings may explain a sell Mean 1.4B 1.6B
recommendation. A rising EPS with flat 1.6B MEAN High 1.5B 1.8B
or falling sales may result from 1.4B LOW
increased cost efficiency and margins, 1.4B
Low 1.4B 1.5B
rather than market expansion. This 1.2B Forecasted Growth 2.4% 14.6%
chart shows the sales forecast trend of 1.2B
# of Analysts 4 7
all analysts and the highest and lowest
projections for the current and next 1.0B
2015 2016 2017 2018
fiscal year.

Page 4 of 12
© 2017 Thomson Reuters. All rights reserved.
 STOCKREPORTS+
INTERACTIVE BROKERS GROUP INC (IBKR-O)
Banking & Investment Svcs. / Investment Banking & Svcs. / Financial Market Operators
DETAILED STOCK REPORT
Report Date: 2017 April 26

FUNDAMENTAL
POSITIVE OUTLOOK: Strong fundamentals Fundamental Score Averages
such as high profit margins, low debt levels, or Investment Banking & Svcs. Group: 5.5 Mid Market Cap: 6.3
growing dividends. Banking & Investment Svcs. Sector: 7.1 S&P 500 Index: 6.3

Q2 Q3 Q4 Q1
Fundamental Score Trend Peers 2016 2016 2016 2017 Current 3Y Trend
IBKR 5 4 3 NR 10
Positive
CME 9 9 9 NR 8
Neutral ICE 9 9 9 NR 7

Negative CBOE 3 3 3 NR 6

Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 NDAQ 10 10 9 NR 6
2014 2015 2016

FUNDAMENTAL INDICATORS
Profitability Debt Earnings Quality Dividend
(25% weight) (25% weight) (25% weight) (25% weight)

CME
CME
CBOE IBKR
CBOE IBKR
IBKR NDAQ
ICE
ICE

CME
NDAQ
NDAQ ICE
ICE
CBOE

CBOE
IBKR NDAQ
CME

Revenue Growth -12.6%Current Ratio --

Oper. Cash Yield 8.7% Dividend Growth 0.0%
For year over year For interim period For latest 12 months For year over year
ending 2017-03 ending -- ending 2015-12 ending 2017-03
Gross Margin 100.0% Debt-to-Capital 42.5% Accruals -9.1% Dividend Payout 36.5%
For latest 12 months For annual period For latest 12 months For latest 12 months
ending 2016-12 ending 2016-12 ending 2015-12 ending 2017-03
Return On Equity 7.9% Interest Funding 5.3% Days Sales In Inv. -- Dividend Coverage 26.2
For interim period For interim period For annual period For annual period
ending 2017-03 ending 2016-03 ending -- ending 2015-12
Net Margin 5.4% Interest Coverage 10.6 Days Sales In Rec. -- Current Div. Yield 1.2%
For latest 12 months For interim period For annual period For latest 12 months
ending 2017-03 ending 2016-12 ending -- ending 2017-04

HIGHLIGHTS
- The Fundamental Rating for Interactive Brokers Group Inc improved - The operating cash yield for IBKR is the highest within its Financial
significantly over the last quarter from 3 to 10. The current rating is Market Operators industry.
considerably more bullish than the Financial Market Operators - Of the 9 firms within the Financial Market Operators industry,
industry average of 6.4. Interactive Brokers Group Inc is among 9 companies that pay a
- The gross margin of 100.0% for IBKR is the highest within its Financial dividend. The stock's dividend yield is currently 1.2%.
Market Operators industry.
- The company's debt-to-capital has been higher than its industry
average for each of the past five years.

Page 5 of 12
© 2017 Thomson Reuters. All rights reserved.
 STOCKREPORTS+
INTERACTIVE BROKERS GROUP INC (IBKR-O)
Banking & Investment Svcs. / Investment Banking & Svcs. / Financial Market Operators
DETAILED STOCK REPORT
Report Date: 2017 April 26

RELATIVE VALUATION
NEUTRAL OUTLOOK: Multiples relatively in-line Relative Valuation Score Averages
with the market. Investment Banking & Svcs. Group: 7.3 Mid Market Cap: 5.2
Banking & Investment Svcs. Sector: 6.2 S&P 500 Index: 5.3

Relative Valuation Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend

Positive ICE 5 6 5 5 6
CBOE 1 1 5 5 5
Neutral IBKR 5 6 6 6 5
NDAQ 4 6 4 4 4
Negative
CME 2 2 2 2 2
2014-04 2015-04 2016-04 2017-04

RELATIVE VALUATION INDICATORS

Forward PEG Trailing PE Forward PE
(50% weight) (25% weight) (25% weight)

CBOE
ICE
IBKR NDAQ
CME
ICE ICE
IBKR
NDAQ

CBOE
CBOE
CME CME
NDAQ
IBKR

Forward PEG 1.5 Trailing PE 31.1 Forward PE 24.8

5-Yr Average 1.7 5-Yr Average 35.1 5-Yr Average 21.3
Rel. to 5-Yr Avg. 13% Discount Rel. to 5-Yr Avg. 11% Discount Rel. to 5-Yr Avg. 17% Premium
S&P 500 Index 1.6 S&P 500 Index -- S&P 500 Index 18.5
Rel. to S&P 500 10% Discount Rel. to S&P 500 -- Rel. to S&P 500 34% Premium

HIGHLIGHTS
- Interactive Brokers Group Inc currently has a Relative Valuation - IBKR's Trailing P/E of 31.1 represents a 11% Discount to its 5-year
Rating of 5 while the S&P 500 index has an average rating of 5.3. average of 35.1.
- IBKR's Forward PEG of 1.5 represents a 13% Discount to its 5-year - IBKR's Forward P/E of 24.8 represents a 17% Premium to its 5-year
average of 1.7. average of 21.3.

Page 6 of 12
© 2017 Thomson Reuters. All rights reserved.
 STOCKREPORTS+
INTERACTIVE BROKERS GROUP INC (IBKR-O)
Banking & Investment Svcs. / Investment Banking & Svcs. / Financial Market Operators
DETAILED STOCK REPORT
Report Date: 2017 April 26

PRICE TO SALES TRAILING PE

The most recent week's close price divided by the revenue per share. The most recent week's close price divided by the sum of the four most
recently reported quarterly earnings.
Price to Sales: 1.8 Trailing PE: 31.1
5-Year Average: 1.4 5-Year Average: 35.1
S&P 500 Index Average: 2.0 S&P 500 Index Average: --
Financial Market Operators Industry Average: 5.7 Financial Market Operators Industry Average: 32.0
3.3 >160
3.0 144
2.7 128
2.4 112
2.1 96
1.8 80
1.5 5-Yr Average
64
1.2 48
0.9 32 5-Yr Average

0.6 16
0.3 0
2012 2013 2014 2015 2016 2012 2013 2014 2015 2016

FORWARD PE FORWARD PEG

The most recent week's close price divided by the sum of the four The Forward P/E divided by the five-year forecasted growth rate.
upcoming quarterly consensus estimates.
Forward PE: 24.8 Forward PEG: 1.5
5-Year Average: 21.3 5-Year Average: 1.7
S&P 500 Index Average: 18.5 S&P 500 Index Average: 1.6
Financial Market Operators Industry Average: 21.6 Financial Market Operators Industry Average: 1.8
39 >5.0
36 4.5
33 4.0
30 3.5
27 3.0
24 2.5
21 5-Yr Average 2.0
5-Yr Average
18 1.5
15 1.0
12 0.5
9 0.0
2012 2013 2014 2015 2016 2012 2013 2014 2015 2016

Page 7 of 12
© 2017 Thomson Reuters. All rights reserved.
 STOCKREPORTS+
INTERACTIVE BROKERS GROUP INC (IBKR-O)
Banking & Investment Svcs. / Investment Banking & Svcs. / Financial Market Operators
DETAILED STOCK REPORT
Report Date: 2017 April 26

RISK
NEUTRAL OUTLOOK: Moderate risk (medium Risk Score Averages
volatility). Investment Banking & Svcs. Group: 6.8 Mid Market Cap: 7.2
Banking & Investment Svcs. Sector: 7.0 S&P 500 Index: 8.2

Risk Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend

Positive NDAQ 9 10 10 10 10
CBOE 8 9 9 9 9
Neutral CME 9 9 9 9 9
ICE 9 10 9 9 9
Negative
IBKR 7 8 7 7 7
2014-04 2015-04 2016-04 2017-04

RISK INDICATORS
Magnitude Of Returns Volatility Beta (1-year) Correlation
(25% weight) (25% weight) (25% weight) (25% weight)

CBOE CBOE
CME
NDAQ CME
IBKR
CME ICE
ICE
ICE NDAQ
NDAQ
IBKR IBKR

CBOE
NDAQ CBOE
ICE

CME
IBKR

Daily Returns (Last 90 Days) Standard Deviation Beta vs. S&P 500 1.52 Correlation vs. S&P 500
Best 4.6% Last 90 Days 1.23 Positive Days Only 1.59 Last 90 Days 60%
Worst -2.6% Last 60 Months 7.06 Negative Days Only 1.50 Last 60 Months 38%
Monthly Returns (Last 60 Months) Intra-Day Swing (Last 90 Days) Beta vs. Group 1.14 Correlation vs. Group
Best 17.0% Average 1.7% Positive Days Only 1.33 Last 90 Days 62%
Worst -26.1% Largest 4.4% Negative Days Only 1.09 Last 60 Months 50%

HIGHLIGHTS RISK ANALYSIS

- Interactive Brokers Group Inc currently has a Risk Rating of 7 Last 90 Days Last 60 Months
while the S&P 500 index has an average rating of 8.2. Best Worst # # Largest Best Worst
- On days when the market is up, IBKR shares tends to Daily Daily Days Days Intra-Day Monthly Monthly
outperform the S&P 500 index. However, on days when the Peers Return Return Up Down Swing Return Return
market is down, the shares generally decrease by more than IBKR 4.6% -2.6% 29 33 4.4% 17.0% -26.1%
the index.
- In the short term, IBKR has shown high correlation (>= 0.4) with CBOE 2.2% -2.8% 34 28 3.2% 15.0% -10.1%
the S&P 500 index. The stock has, however, shown average CME 4.6% -2.9% 30 31 4.1% 16.0% -8.3%
correlation (>= 0.2 and < 0.4) with the market in the long term.
- Over the last 90 days, the daily price fluctuations of IBKR have ICE 3.2% -4.8% 34 29 4.4% 13.0% -9.6%
been in-line with the S&P 500 index firms. NDAQ 3.5% -1.5% 33 29 4.7% 13.3% -11.0%
S&P 500 1.4% -1.2% 31 31 1.7% 8.3% -6.3%

Page 8 of 12
© 2017 Thomson Reuters. All rights reserved.
 STOCKREPORTS+
INTERACTIVE BROKERS GROUP INC (IBKR-O)
Banking & Investment Svcs. / Investment Banking & Svcs. / Financial Market Operators
DETAILED STOCK REPORT
Report Date: 2017 April 26

PRICE MOMENTUM Currency in USD

NEGATIVE OUTLOOK: Weak recent price Price Momentum Score Averages

performance or entering historically poor Investment Banking & Svcs. Group: 4.4 Mid Market Cap: 6.2
seasonal period. Banking & Investment Svcs. Sector: 5.1 S&P 500 Index: 6.1

Price Momentum Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend

Positive CBOE 4 10 7 9 9
ICE 7 6 8 8 8
Neutral CME 8 7 5 3 5
NDAQ 6 4 5 2 5
Negative
IBKR 4 1 1 2 2
2014-04 2015-04 2016-04 2017-04

PRICE MOMENTUM INDICATORS

Relative Strength Seasonality
(70% weight) (30% weight)

CBOE
ICE

NDAQ IBKR
CME ICE

CBOE
IBKR CME
NDAQ

Relative Strength Indicator (Scale from 1 to 100) Average Monthly Return (Last 10 Years)
IBKR Industry Avg APR MAY JUN
Last 1 Month 44 51 Company Avg 2.9% 0.7% -0.6%
Last 3 Months 46 53 Industry Avg 1.1% 2.3% -0.5%
Last 6 Months 48 53 Industry Rank 115 of 122 19 of 122 46 of 122

PRICE PERFORMANCE
Daily close prices are used to calculate the IBKR IBKR S&P Small
performance of the stock as compared to a
S&P Small Close Price (2017-04-25) 34.54 857
relevant index over five time periods.
52-Week High 40.38 862
-0.7%
1-Week 52-Week Low 31.97 671
3.8%

-0.4% - Interactive Brokers Group Inc has a Price Momentum Rating of

1-Month
3.8% 2, which is significantly below the S&P 500 index average
rating of 6.1.
-6.8%
3-Month - On 2017-04-25, IBKR closed at 34.54, 14.5% below its 52-
1.2% week high and 8.1% above its 52-week low.
-5.4% - IBKR shares are currently trading 3.9% below their 50-day
YTD moving average of 35.96, and 4.7% below their 200-day
2.3%
moving average of 36.24.
-12.5%
1-Year
23.1%

Page 9 of 12
© 2017 Thomson Reuters. All rights reserved.
 STOCKREPORTS+
INTERACTIVE BROKERS GROUP INC (IBKR-O)
Banking & Investment Svcs. / Investment Banking & Svcs. / Financial Market Operators
DETAILED STOCK REPORT
Report Date: 2017 April 26

INSIDER TRADING Currency in USD

This company does not currently meet the data Insider Trading Score Averages
requirements to calculate a score for this Investment Banking & Svcs. Group: 4.5 Mid Market Cap: 4.2
component. Banking & Investment Svcs. Sector: 5.4 S&P 500 Index: 3.8

Insider Trading Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend

Positive NDAQ 2 1 2 2 3
CBOE 3 3 3 2 2
Neutral CME 2 2 2 2 2
ICE 1 2 1 1 1
Negative
IBKR 4 NR NR NR NR
2014-04 2015-04 2016-04 2017-04

INSIDER TRADING INDICATORS

Short-Term Insider Long-Term Insider
(70% weight) (30% weight)

NDAQ

CBOE
CBOE
CME
CME
ICE
ICE
NDAQ
IBKR IBKR

Most Recent Buys and Sells (Last 90 Days) Insider Summary (Last 6 Months)
Insider Name Role Tran Date Tran Type Shares Total Shares Acquired --
Total Shares Disposed --
There are no insider transactions during this time period. Net Shares --
Sector Average -179,024

HIGHLIGHTS MONTHLY BUYS AND SELLS

- Executives at Interactive Brokers Group Inc have not purchased or BUYS $ Market Value
100
sold any shares thus far this quarter. Over the past five years, the No insider activity during the past year
average purchase and sell totals for Q2 have been $0 and $287,837 50
respectively. Excludes
0 derivative
- Due to a lack of recent insider activity, no Insider Trading Rating can and option
be calculated for Interactive Brokers Group Inc. However, the average 50 exercises
rating for the Financial Market Operators industry is 3.14, compared to 100
the S&P 500 index average of 3.78. SELLS
M J J A S O N D J F M A

TOP INSTITUTIONAL HOLDERS TOP EXECUTIVE HOLDERS

Inst. % Shares Reported Direct Reported
Institution Name Type O/S Held Date Insider Name Role Shares Value Date
BlackRock Institutional Inv Mgmt 8.5% 5.78M 2016-12-31 Galik, Milan P 0.85M 28.9M 2016-12-30
The Vanguard Group Inc Inv Mgmt 8.1% 5.50M 2016-12-31 Brody, Paul Jonathan CFO 0.64M 21.9M 2016-12-30
Baillie Gifford & Co Inv Mgmt 8.1% 5.50M 2016-12-31 Frank, Thomas A J CT 0.33M 11.2M 2017-01-04
Ancient Art Inv Mgmt 4.9% 3.30M 2016-12-31 Nemser, Earl H OD 0.10M 3.43M 2017-01-04
Bares Capital Management Inv Mgmt 4.8% 3.23M 2016-12-31 Mendonca, Denis O 4,584 0.16M 2016-05-09
Updated daily as of 2017-04-26 Updated monthly as of 2017-04-16

Page 10 of 12
© 2017 Thomson Reuters. All rights reserved.
 STOCKREPORTS+
INTERACTIVE BROKERS GROUP INC (IBKR-O)
Banking & Investment Svcs. / Investment Banking & Svcs. / Financial Market Operators
DETAILED STOCK REPORT
Report Date: 2017 April 26

● Earnings Surprises - The number of positive and negative surprises within the
DETAILED STOCK REPORT TIPS last 4 quarters.
● Estimate Revisions - The number of up and down revisions and the average
The Thomson Reuters Stock Report is a comprehensive, company-specific analysis percentage change of those revisions within a 4 week period.
that includes a proprietary Stock Rating along with underlying component indicators ● Recommendation Changes - The number of broker upgrades and downgrades in
and supportive data elements. The report is updated daily, although some of the the last 120 days.
data elements and the ratings are updated weekly.
Price Target
Average Score The price target is based on the predictions of analysts covering the stock and
The Average Score combines a quantitative analysis of six widely-used investment shows the high, low and mean price expected within the next 12 months.
decision making tools - Earnings, Fundamental, Relative Valuation, Risk, Price
Momentum, and Insider Trading. First, a simple average of the six underlying Earnings Per Share
component ratings is calculated. Then, a normal distribution is used to rank each The quarterly and annual earnings per share are presented when available, along
stock across the market on a scale of 1 to 10, with 10 being most favorable. A with the mean, high and low. Quarterly data is displayed for the past 4 quarters
score of 8 to 10 is considered positive, 4 to 7 is neutral, and 1 to 3 is negative. These (actual) and the next 2 quarters (estimated). Annual data is displayed for the past 2
six factors may be evaluated differently using alternative methodologies, and the years (actual) and the next 2 years (estimated).
importance of individual factors varies across groups, market capitalization and
investment styles. Additional criteria should always be used to evaluate a stock. Mean Estimate Trend
The mean estimates show how the consensus has changed over the past 30 days
A company must have sufficient data available for at least four of the six component and 90 days for the upcoming two quarters and two years. The percentage change
indicators in order to receive an overall Average Score. Approximately 85% of the is calculated for the company as a means for comparison by measuring the
stocks within the coverage universe meet the criteria to generate a score. difference between the current consensus estimate and that of 90 days ago.
Optimized Score Analyst Recommendations
As an alternative to the average score, the Stock Report includes an Optimized Score The I/B/E/S Mean is the mean recommendation of all analysts covering the stock,
generated by independent research firm, Verus Analytics. It uses the same six as provided by Thomson Reuters I/B/E/S (Institutional Brokers Estimate System).
component ratings, but rather than equally weighting each of the factors, the The recommendations are presented on a five-point standardized scale: strong buy,
weighting varies by market capitalization of the underlying security based on buy, hold, reduce, and sell.
backtesting research. These scores are also updated weekly and distributed
normally on a 1 to 10 scale, with 10 being best. The variable size is assigned Earnings Surprises
monthly by ranking the market capitalization and assigning the appropriate category ● The surprise summary includes the total number of quarters (and percentage) in
as follows: the past 12 quarters in which earnings surprises were positive, negative, or in-
Large - Top 5.55% line. In order to be recognized as a positive or negative surprise, the percent
Mid - Next 13.87% must be greater than 2% above or 2% below the consensus, respectively.
Small - Next 34.68% ● The surprise detail section includes a listing of the company's quarterly earnings
Micro - Remaining 45.9% reported for the most recent 6 quarters. The consensus analyst estimate is
provided to determine if the actual earnings report represented a positive
Indicator Components surprise, negative surprise, or in-line result.
The six indicators that comprise the stock rating are displayed. Like the stock rating,
the component rating scale is 1 to 10, with 10 being best. A company will receive Fundamental
an ‘NR’ for No Rating if the required data elements or criteria are not met. A The Fundamental Rating is based on a combination of four factors: profitability,
detailed section for each component is included in the report. debt, earnings quality, and dividend. Companies that do not pay a dividend are not
penalized. Each factor is equally weighted. Then, equal deciles are used to rank
Indicator Trends each stock across the market on a scale of 1 to 10, with 10 being most favorable. A
Within each component section, historical score trends are displayed, typically using stock needs to have at least three of the four fundamental factors present for a
a 4-week moving average over a timeframe of the past three years. The dotted given fiscal quarter in order to receive a score.
orange line indicates the average of the scores over those three years. The most
recent occurrences of the best and worst scores are also displayed on the chart in ● Profitability is comprised of four data elements.
grey boxes to put the current score into historical context. - Revenue Growth: (Net Sales – Previous Net Sales) / Previous Net Sales
- Gross Margin: Gross Profit / Net Sales
Next to the trend chart for the company, current score averages are included, along - Return on Equity: Net Income / Total Equity
with peer company comparisons of values from 6 months ago, 3 months ago, 1 - Net Margin: Net Profit / Net Sales
month ago, the most recent value from 1 week ago, and the current score. The four ● Debt is comprised of four data elements.
closest industry peers are presented based on similar market capitalization. - Current Ratio: Current Assets / Current Liabilities
- Debt-to-Capital: Total Debt / Total Capital
- Interest Funding: Interest Expense / Operating Cash Flow
Peer Analysis - Interest Coverage: (Pre-Tax Income + Interest Expense) / Interest Expense
● The Thomson Reuters Business Classification (TRBC) system is used for ● Earnings Quality is comprised of two data elements.
industry comparisons. It is designed to track and display the primary business of - Days Sales in Inventory: 365 / (Cost of Goods Sold / Inventory)
a corporation by grouping together correlated companies that offer products and - Days Sales in Receivables: 365 / (Net Sales (Revenues) / Receivables)
services into similar end markets. The system includes 10 Economic Sectors, 28 ● Dividend is comprised of four data elements. The company must have a current
Business Sectors, 54 Industry Groups, and 136 Industries. dividend yield.
● The Peer Analysis section of the report compares the company to its ten closest - Dividend Growth Rate: (Dividends per Share – Previous Dividends per Share)
peers. The peers are selected from the industry based on similar market / Previous Dividends per Share
capitalization. The peer listing may have fewer than ten companies if there are - Dividend Funding: Dividends / Operating Cash Flow
fewer than ten companies classified within that industry. - Dividend Coverage: (Pre-Tax Income + Interest Expense) / (Interest Expense
+ Dividends)
Highlights - Dividend Yield: Annual Dividends per Share / Current Market Price per Share
The Thomson Reuters proprietary automated text-generation system creates
highlights summarizing the most noteworthy data. The bullets will vary by company Indicator Trend
and will change from week to week as different criteria are met. The fundamental indicator trend displays quarterly scores over the past three years.
The best and worst scores over that timeframe can be easily determined from the
Earnings values shown on the chart for each quarter.
The Earnings Rating is based on a combination of three factors: earnings surprises,
estimate revisions, and recommendation changes. Each factor is equally weighted.
Then, equal deciles are used to rank each stock across the market on a scale of 1
to 10, with 10 being most favorable. A stock needs to have at least two of the three
earnings factors in order to receive a score.

Page 11 of 12
© 2017 Thomson Reuters. All rights reserved.
 STOCKREPORTS+
INTERACTIVE BROKERS GROUP INC (IBKR-O)
Banking & Investment Svcs. / Investment Banking & Svcs. / Financial Market Operators
DETAILED STOCK REPORT
Report Date: 2017 April 26

Relative Valuation ● Long-Term Insider – Looks at buying, selling and option exercise decisions over
The Relative Valuation Rating is based on a combination of three factors: Forward the past six months relative to other stocks within the same business sector. The
PEG (50% weight), Trailing P/E (25% weight), and Forward P/E (25% weight). After net shares are presented alongside the business sector average as a means of
the weightings are considered to combine individual factors, equal deciles are used comparison.
to rank each stock across the market on a scale of 1 to 10, with 10 being most
favorable. These common valuation metrics are evaluated against the overall Monthly Buys and Sells
market, the index, and the company's own historic 5-year averages. A stock needs The total market value of open-market buying and selling is displayed by month in
to have at least one of the three relative valuation factors in order to receive a score. the chart for easy comparison. Transactions by trusts and corporations are
excluded, along with buys greater than $10 million and sales greater than $50
● Trailing P/E: Close Price / Most Recent 4 Quarters of Earnings million. Transactions for the exercise of derivatives and option exercises are
● Forward P/E: Close Price/ Upcoming 4 Quarters of Earnings excluded from the totals.
● Forward PEG: Forward P/E / Long-Term Forecasted Growth Rate
Institutional Holders
Valuation Averages The top five institutional holders of the company are listed in descending order,
Negative values are excluded when calculating the averages. A maximum value of based on their total share holdings. Possible values for the institution type include
100 is placed on Trailing P/E and Forward P/E, a maximum value of 5 is placed on Brokerage, Funds, Inv Mgmt, or Strategic.
Forward PEG, and a maximum value of 20 is placed on Price to Sales when
calculating the averages. Higher values are rounded down to the maximum for the Executive Holders
averages. The top five executive insiders of the company are listed in descending order, based
on their total direct common share holdings (options are not considered). Indirect
Valuation Multiples holdings are excluded, as the owner may not actually have investment discretion
The valuation multiples provide the Trailing P/E, Forward P/E, Forward PEG, and over these shares. This table is updated monthly. Insiders who have not filed any
Price to Sales for the company and the S&P 500 index average. In addition, a transactions or holdings over the past two years are excluded as this may indicate
comparison of the current company’s values to its 5-year average and an industry that the individual is no longer associated with the company. Additionally, direct
average are presented. A discount occurs when the company’s ratio is valued more shares held must be greater than 1,000 to be considered.
favorably (lower) than that to which it is compared.
Insider Roles
Risk These role codes may appear in the data for recent insider buys and sells or top
The Risk Rating displays stocks on a scale of 1 to 10 with 10 being awarded to the executive holders:
least risky stocks. It is derived by looking at a series of long-term (5-year) and
short-term (90-day) stock performance measures including volatility, magnitude of AF - Affiliate IA - Investment Advisor
returns, beta, and correlation. Each factor is equally weighted. Then, equal deciles AI - Affiliate of Advisor MC - Member of Committee
are used to rank each stock across the market. A stock needs to have at least two B - Beneficial Owner MD - Managing Director
of the four risk factors in order to receive a score. C - Controller O - Officer
CB - Chairman OB - Officer / Beneficial Owner
● Magnitude of Returns – The best / worst daily returns in the past 90 days and the CEO - Chief Executive Officer OD - Officer / Director
best / worst monthly returns in the past 60 months. CFO - Chief Financial Officer OE - Other Executive
● Volatility – The standard deviation of the stock price over the last 90 days and CI - Chief Investment Officer OS - Officer of Subsidiary
last 60 months, along with the average and largest intra-day stock swing. CO - Chief Operating Officer OT - Officer / Treasurer
● Beta – Measures the tendency of a security’s returns to respond to swings in the CT - Chief Technology Officer OX - Divisional Officer
market, based on the beta of the company versus the relevant index. D - Director P - President
● Correlation – Determines how closely the returns of the stock and the relevant DO - Director / Beneficial Owner R - Retired
index move together, measured over the last 90 days and last 60 months. DS - Indirect Shareholder S - Secretary
EC - Member of Exec Committee SH - Shareholder
Risk Analysis EVP - Exec Vice President SVP - Senior Vice President
Price analysis for the company and the S&P 500 is provided over two time periods. FO - Former T - Trustee
Daily analysis is provided for the last 90 days, whereas monthly statistics are used GC - General Counsel UT - Unknown
for the last 60 months. GP - General Partner VC - Vice Chairman
H - Officer / Director / Owner VP - Vice President
Price Momentum
The Price Momentum Rating is based on a combination of two technical
performance factors: relative strength (70% weight) and seasonality (30% weight).
After the weightings are considered to combine individual factors, equal deciles are
DISCLAIMER
used to rank each stock across the market on a scale of 1 to 10, with 10 being most
favorable. A stock needs to have data for the relative strength factor in order to Thomson Reuters content (“TR Content”) is the intellectual property of Thomson
receive a score. Reuters or its third party content providers. The copying, republication or
redistribution of TR Content, including by framing or similar means is expressly
● Relative Strength – The relative strength of the company for the last 1 month, 3 prohibited without the prior written consent of Thomson Reuters. The TR content in
months, and 6 months on a scale of 1 to 100. this report does not constitute a recommendation to buy or sell securities of any kind
● Seasonality – The average monthly return (price performance) for the current or constitute investment advice. Past performance is not a guarantee of future
month and next 2 months for the company and industry, over the past 10 years. results.
A lower industry rank indicates a higher return.
All information in this report is assumed to be accurate to the best of our ability.
Price Performance Thomson Reuters excludes all liability, to the maximum extent permitted by law, for
Daily close prices are used to calculate the price performance of the stock. The any inaccuracies in the TR Content or for the consequences of your reliance on the
performance of the S&P 500 is also displayed as a means of comparison. TR Content. Investors should consider this report as only a single factor when
making an investment decision.
Insider Trading
The Insider Trading Rating is based on short-term (70% weight) and long-term (30%
weight) legal insider trading behavior. After the weightings are considered to
combine individual factors, a function similar to a normal distribution is used to rank
each stock across the market on a scale of 1 to 10, with 10 being most favorable. A
stock needs to have at least one of the two insider trading factors in order to receive
a score.

● Short-Term Insider – Uses insider buy and sell transactions within the past 90
days. This factor is based on the Thomson Reuters quantitative insider trading
model that considers the insider's role, consensus, number of shares, market
capitalization of the company, and the historic stock performance following trades
by the given insider.

Page 12 of 12
© 2017 Thomson Reuters. All rights reserved.