Interactive Brokers Group (IBKR) Expected to Announce Earnings on Tuesday

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) is projected to post its quarterly earnings results after the market closes on Tuesday, April 15th. Analysts expect Interactive Brokers Group to post earnings of $1.88 per share and revenue of $1.37 billion for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the firm earned $1.52 earnings per share. The business's quarterly revenue was up 21.8% compared to the same quarter last year. On average, analysts expect Interactive Brokers Group to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Interactive Brokers Group Trading Up 4.3 %

IBKR stock traded up $7.04 during trading on Friday, reaching $171.35. The stock had a trading volume of 2,479,105 shares, compared to its average volume of 1,316,119. The firm has a fifty day moving average price of $190.12 and a 200 day moving average price of $180.66. The company has a market capitalization of $72.41 billion, a P/E ratio of 24.27, a PEG ratio of 1.59 and a beta of 1.02. Interactive Brokers Group has a 1-year low of $103.69 and a 1-year high of $236.53.

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Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group's payout ratio is 14.16%.

Analysts Set New Price Targets

Several analysts recently issued reports on IBKR shares. StockNews.com raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Thursday. Keefe, Bruyette & Woods raised their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a "market perform" rating in a research note on Monday, January 13th. Citigroup lowered their price objective on shares of Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Piper Sandler lowered their target price on Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, Barclays cut their price target on Interactive Brokers Group from $231.00 to $188.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $195.88.

Insider Activity

In related news, Director Jill Bright bought 135 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the transaction, the director now directly owns 2,476 shares of the company's stock, valued at approximately $543,506.76. This represents a 5.77 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.99% of the company's stock.

About Interactive Brokers Group

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.