Interactive Brokers Group (NASDAQ:IBKR) Issues Earnings Results

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) announced its earnings results on Tuesday. The financial services provider reported $1.88 EPS for the quarter, missing the consensus estimate of $1.92 by ($0.04), Zacks reports. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%.

Interactive Brokers Group Trading Up 1.0 %

Shares of IBKR traded up $1.62 during mid-day trading on Friday, reaching $159.52. 2,278,383 shares of the stock traded hands, compared to its average volume of 1,344,535. The company has a market cap of $67.41 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth 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. The firm has a fifty day moving average price of $185.02 and a 200 day moving average price of $181.14.

Interactive Brokers Group's stock is set to split before the market opens on Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly created shares will be payable to shareholders after the closing bell on Tuesday, June 17th.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group's dividend payout ratio is presently 14.16%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Keefe, Bruyette & Woods upped their target price on Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a report on Monday, January 13th. Citigroup reduced their price target on shares of Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating for the company in a 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 on the stock in a research report on Tuesday, April 8th. UBS Group lifted their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Finally, StockNews.com downgraded shares of Interactive Brokers Group from a "hold" rating to a "sell" rating in a report on Friday. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $207.88.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were bought 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 in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.99% of the stock is owned by company insiders.

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.