Zacks Research Comments on Interactive Brokers Group, Inc.’s Q1 2024 Earnings (NASDAQ:IBKR)
Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) – Research analysts at Zacks Research lifted their Q1 2024 EPS estimates for shares of Interactive Brokers Group in a report issued on Tuesday, April 2nd. Zacks Research analyst S. Shah now forecasts that the financial services provider will earn $1.56 per share for the quarter, up from their prior estimate of $1.54. The consensus estimate for Interactive Brokers Group’s current full-year earnings is $6.07 per share. Zacks Research also issued estimates for Interactive Brokers Group’s Q2 2024 earnings at $1.45 EPS, Q4 2024 earnings at $1.42 EPS, FY2024 earnings at $5.90 EPS, Q1 2025 earnings at $1.47 EPS, Q2 2025 earnings at $1.27 EPS, Q4 2025 earnings at $1.47 EPS, FY2025 earnings at $5.63 EPS, Q1 2026 earnings at $1.37 EPS and FY2026 earnings at $5.49 EPS.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.01). Interactive Brokers Group had a net margin of 7.72% and a return on equity of 4.66%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the business earned $1.30 EPS. The firm’s revenue was up 16.7% compared to the same quarter last year.
Several other brokerages have also recently issued reports on IBKR. UBS Group reduced their price objective on Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating on the stock in a research note on Tuesday, January 9th. The Goldman Sachs Group upgraded Interactive Brokers Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $88.00 to $102.00 in a report on Tuesday, January 9th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $110.38.
Get Our Latest Stock Analysis on IBKR
Interactive Brokers Group Trading Up 0.3 %
IBKR stock opened at $114.76 on Wednesday. The firm has a 50 day simple moving average of $104.38 and a 200-day simple moving average of $90.97. Interactive Brokers Group has a twelve month low of $70.83 and a twelve month high of $116.92. The company has a market capitalization of $48.32 billion, a P/E ratio of 20.28, a PEG ratio of 1.03 and a beta of 0.83.
Interactive Brokers Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Friday, March 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.40 annualized dividend and a yield of 0.35%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 7.07%.
Insider Activity at Interactive Brokers Group
In other news, insider Thomas Aj Frank sold 12,827 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $87.84, for a total value of $1,126,723.68. Following the completion of the sale, the insider now directly owns 604,008 shares of the company’s stock, valued at $53,056,062.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Vice Chairman Earl H. Nemser sold 25,782 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $95.71, for a total transaction of $2,467,595.22. Following the sale, the insider now owns 208,770 shares of the company’s stock, valued at approximately $19,981,376.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thomas Aj Frank sold 12,827 shares of the firm’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $87.84, for a total value of $1,126,723.68. Following the sale, the insider now directly owns 604,008 shares in the company, valued at approximately $53,056,062.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 506,838 shares of company stock valued at $47,233,745. Insiders own 3.21% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Contravisory Investment Management Inc. acquired a new position in Interactive Brokers Group during the 4th quarter worth about $25,000. Eagle Bay Advisors LLC bought a new stake in shares of Interactive Brokers Group during the 2nd quarter valued at about $31,000. Rakuten Securities Inc. bought a new stake in shares of Interactive Brokers Group during the 4th quarter valued at about $34,000. Headlands Technologies LLC bought a new stake in shares of Interactive Brokers Group during the 3rd quarter valued at about $40,000. Finally, Principal Securities Inc. bought a new stake in shares of Interactive Brokers Group during the 4th quarter valued at about $40,000. 23.80% of the stock is owned by institutional investors and hedge funds.
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.
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