Equities analysts expect Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating) to report $0.93 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Interactive Brokers Group’s earnings. The highest EPS estimate is $0.94 and the lowest is $0.93. Interactive Brokers Group reported earnings per share of $0.82 during the same quarter last year, which indicates a positive year-over-year growth rate of 13.4%. The business is scheduled to report its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Interactive Brokers Group will report full-year earnings of $3.69 per share for the current financial year, with EPS estimates ranging from $3.62 to $3.75. For the next fiscal year, analysts forecast that the business will report earnings of $4.35 per share, with EPS estimates ranging from $4.30 to $4.46. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Interactive Brokers Group.
Interactive Brokers Group (NASDAQ:IBKR – Get Rating) last announced its quarterly earnings data on Tuesday, April 19th. The financial services provider reported $0.82 earnings per share for the quarter, meeting the consensus estimate of $0.82. The company had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $703.34 million. Interactive Brokers Group had a return on equity of 3.09% and a net margin of 10.32%. Interactive Brokers Group’s revenue for the quarter was down 27.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 EPS.
IBKR has been the subject of several analyst reports. Zacks Investment Research cut Interactive Brokers Group from a “buy” rating to a “hold” rating and set a $71.00 price objective for the company. in a report on Tuesday, April 5th. Bank of America boosted their price objective on Interactive Brokers Group from $111.00 to $117.00 and gave the stock a “buy” rating in a report on Wednesday, April 20th. StockNews.com upgraded shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and set a $90.00 price target for the company in a research report on Tuesday, April 26th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $92.00.
Shares of NASDAQ IBKR opened at $56.59 on Wednesday. The stock has a market capitalization of $23.66 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 0.76 and a beta of 0.76. The business has a 50-day moving average of $62.26 and a 200-day moving average of $69.18. Interactive Brokers Group has a fifty-two week low of $52.18 and a fifty-two week high of $82.83.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 14th. Stockholders of record on Wednesday, June 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, May 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.71%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.08%.
In related news, Chairman Thomas Peterffy sold 20,000 shares of the business’s stock in a transaction on Monday, February 28th. The shares were sold at an average price of $66.55, for a total value of $1,331,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 560,000 shares of company stock worth $35,217,400. 5.72% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of IBKR. Fifth Third Bancorp raised its holdings in shares of Interactive Brokers Group by 72.4% during the fourth quarter. Fifth Third Bancorp now owns 381 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 160 shares during the period. Koshinski Asset Management Inc. increased its stake in Interactive Brokers Group by 19.6% in the 1st quarter. Koshinski Asset Management Inc. now owns 988 shares of the financial services provider’s stock valued at $65,000 after buying an additional 162 shares during the last quarter. FourThought Financial LLC increased its stake in Interactive Brokers Group by 3.3% in the 1st quarter. FourThought Financial LLC now owns 5,527 shares of the financial services provider’s stock valued at $364,000 after buying an additional 175 shares during the last quarter. First Horizon Advisors Inc. increased its stake in Interactive Brokers Group by 112.7% in the 4th quarter. First Horizon Advisors Inc. now owns 336 shares of the financial services provider’s stock valued at $26,000 after buying an additional 178 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in Interactive Brokers Group by 0.9% in the 4th quarter. Louisiana State Employees Retirement System now owns 22,500 shares of the financial services provider’s stock valued at $1,787,000 after buying an additional 200 shares during the last quarter. 20.49% of the stock is currently owned by institutional investors and hedge funds.
Interactive Brokers Group Company Profile (Get Rating)
Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in executing, clearing, and settling trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.
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