Interactive Brokers Group (NASDAQ:IBKR) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS

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

Interactive Brokers Group Stock Up 1.0 %

Shares of NASDAQ:IBKR traded up $1.62 on Friday, hitting $159.52. 2,278,383 shares of the company traded hands, compared to its average volume of 1,344,535. The company has a market cap of $67.41 billion, a PE ratio of 22.59, a PEG ratio of 1.59 and a beta of 1.02. The stock has a 50 day simple moving average of $185.02 and a 200-day simple moving average of $181.14. Interactive Brokers Group has a 52 week low of $103.69 and a 52 week high of $236.53.

Interactive Brokers Group shares are going to split before the market opens on Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly issued shares will be issued to shareholders after the market closes on Tuesday, June 17th.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group's dividend payout ratio (DPR) is presently 14.16%.

Insider Activity

In related news, Director Jill Bright purchased 135 shares of the company's stock in a transaction dated Friday, January 31st. The shares were purchased at an average price of $219.51 per share, with a total value of $29,633.85. Following the acquisition, the director now directly owns 2,476 shares in the company, valued at $543,506.76. The trade was a 5.77 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.99% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on IBKR. UBS Group increased their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a research report on Monday, January 27th. 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 note on Tuesday, April 8th. StockNews.com lowered Interactive Brokers Group from a "hold" rating to a "sell" rating in a report on Friday. Citigroup dropped their price objective on Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Bank of America reduced their price objective on shares of Interactive Brokers Group from $265.00 to $243.00 and set a "buy" rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $207.88.

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.