FY2024 Earnings Estimate for IBKR Issued By Zacks Research

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) - Investment analysts at Zacks Research upped their FY2024 earnings per share (EPS) estimates for Interactive Brokers Group in a research note issued to investors on Wednesday, January 8th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $6.74 for the year, up from their prior estimate of $6.71. The consensus estimate for Interactive Brokers Group's current full-year earnings is $6.82 per share. Zacks Research also issued estimates for Interactive Brokers Group's Q4 2024 earnings at $1.73 EPS, Q1 2025 earnings at $1.74 EPS, Q2 2025 earnings at $1.66 EPS, Q3 2025 earnings at $1.70 EPS, FY2025 earnings at $6.82 EPS, Q1 2026 earnings at $1.77 EPS, Q2 2026 earnings at $1.73 EPS, Q3 2026 earnings at $1.74 EPS and FY2026 earnings at $7.00 EPS.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. During the same period in the prior year, the business earned $1.55 earnings per share.

A number of other equities research analysts have also recently weighed in on IBKR. Piper Sandler raised their price target on Interactive Brokers Group from $163.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday. The Goldman Sachs Group raised their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the company a "buy" rating in a research note on Tuesday, December 3rd. UBS Group upped their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods increased their price objective on shares of Interactive Brokers Group from $152.00 to $190.00 and gave the stock a "market perform" rating in a report on Friday, December 20th. Finally, Barclays boosted their target price on shares of Interactive Brokers Group from $165.00 to $214.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $177.63.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR traded down $0.28 during trading on Thursday, reaching $190.89. The stock had a trading volume of 939,127 shares, compared to its average volume of 1,223,890. The stock has a market capitalization of $80.66 billion, a PE ratio of 29.14, a P/E/G ratio of 1.41 and a beta of 0.87. Interactive Brokers Group has a 52 week low of $83.86 and a 52 week high of $193.42. The business's 50-day moving average price is $180.71 and its 200 day moving average price is $147.56.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Friday, November 29th. Interactive Brokers Group's dividend payout ratio (DPR) is presently 15.27%.

Institutional Trading of Interactive Brokers Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Fulton Bank N.A. raised its position in shares of Interactive Brokers Group by 6.1% in the 4th quarter. Fulton Bank N.A. now owns 3,319 shares of the financial services provider's stock valued at $586,000 after acquiring an additional 190 shares during the period. Capital Market Strategies LLC bought a new stake in Interactive Brokers Group in the fourth quarter valued at approximately $212,000. GAMMA Investing LLC raised its holdings in Interactive Brokers Group by 32.6% in the fourth quarter. GAMMA Investing LLC now owns 1,900 shares of the financial services provider's stock worth $336,000 after purchasing an additional 467 shares during the period. Versant Capital Management Inc boosted its position in shares of Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock worth $31,000 after purchasing an additional 71 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Interactive Brokers Group by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider's stock valued at $559,821,000 after buying an additional 11,379 shares during the period. Institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.