Equities Analysts Set Expectations for Interactive Brokers Group, Inc.’s FY2021 Earnings (NASDAQ:IBKR)


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Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Investment analysts at Jefferies Financial Group upped their FY2021 earnings per share estimates for shares of Interactive Brokers Group in a report released on Tuesday, April 20th. Jefferies Financial Group analyst D. Fannon now forecasts that the financial services provider will post earnings of $3.02 per share for the year, up from their previous estimate of $2.97. Jefferies Financial Group currently has a “Buy” rating and a $89.00 price target on the stock. Jefferies Financial Group also issued estimates for Interactive Brokers Group’s Q4 2021 earnings at $0.66 EPS, Q2 2022 earnings at $0.76 EPS, Q3 2022 earnings at $0.81 EPS, Q4 2022 earnings at $0.83 EPS and FY2022 earnings at $3.17 EPS.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Monday, April 19th. The financial services provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.07. Interactive Brokers Group had a return on equity of 2.24% and a net margin of 6.90%. The company had revenue of $893.00 million during the quarter, compared to analysts’ expectations of $622.65 million. During the same period last year, the business posted $0.69 EPS. Interactive Brokers Group’s revenue for the quarter was up 67.9% on a year-over-year basis.

A number of other equities research analysts have also issued reports on IBKR. Credit Suisse Group increased their price target on Interactive Brokers Group from $92.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday. The Goldman Sachs Group increased their price target on Interactive Brokers Group from $73.00 to $83.00 and gave the company a “neutral” rating in a research report on Monday, April 5th. Wells Fargo & Company increased their price target on Interactive Brokers Group from $58.00 to $66.00 and gave the company an “underweight” rating in a research report on Wednesday, January 20th. Finally, Compass Point increased their price target on Interactive Brokers Group from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, January 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $77.43.

Shares of Interactive Brokers Group stock opened at $73.43 on Thursday. The business has a 50-day moving average of $75.66 and a 200 day moving average of $63.75. Interactive Brokers Group has a 12 month low of $36.25 and a 12 month high of $80.57. The stock has a market capitalization of $30.60 billion, a price-to-earnings ratio of 34.15 and a beta of 0.84.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Greenwich Wealth Management LLC boosted its position in shares of Interactive Brokers Group by 1,482.2% in the fourth quarter. Greenwich Wealth Management LLC now owns 10,011,408 shares of the financial services provider’s stock worth $609,895,000 after buying an additional 9,378,652 shares during the period. BlackRock Inc. boosted its position in shares of Interactive Brokers Group by 5.3% in the fourth quarter. BlackRock Inc. now owns 6,594,169 shares of the financial services provider’s stock worth $401,716,000 after buying an additional 332,516 shares during the period. Bronte Capital Management Pty Ltd. boosted its position in shares of Interactive Brokers Group by 5.2% in the third quarter. Bronte Capital Management Pty Ltd. now owns 1,305,296 shares of the financial services provider’s stock worth $62,093,000 after buying an additional 64,363 shares during the period. Wells Fargo & Company MN boosted its position in shares of Interactive Brokers Group by 1.1% in the fourth quarter. Wells Fargo & Company MN now owns 886,199 shares of the financial services provider’s stock worth $53,987,000 after buying an additional 10,033 shares during the period. Finally, Norges Bank purchased a new stake in shares of Interactive Brokers Group in the fourth quarter worth about $47,763,000. 16.08% of the stock is owned by institutional investors.

In related news, CFO Paul Jonathan Brody sold 12,699 shares of the firm’s stock in a transaction that occurred on Monday, January 25th. The stock was sold at an average price of $67.64, for a total transaction of $858,960.36. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Thomas Aj Frank sold 11,546 shares of Interactive Brokers Group stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $78.06, for a total value of $901,280.76. The disclosure for this sale can be found here. Insiders have sold a total of 1,148,830 shares of company stock worth $84,697,501 in the last three months. Corporate insiders own 3.23% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 14th. Stockholders of record on Tuesday, June 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Friday, May 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 17.62%.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an investment holding company, which engages in broker or dealer and proprietary trading businesses. It operates through the following segments: Electronic Brokerage and Corporate. The Electronic Brokerage segment is a direct market access broker, which serve the customers of both traditional brokers and prime brokers.

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Earnings History and Estimates for Interactive Brokers Group (NASDAQ:IBKR)

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