Interactive Brokers Group (NASDAQ:IBKR) Issues Earnings Results, Meets Expectations

Interactive Brokers Group (NASDAQ:IBKR) announced its quarterly earnings data on Thursday. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.67, FiscalAI reports. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%.

Interactive Brokers Group Stock Performance

IBKR stock traded up $1.89 during mid-day trading on Thursday, hitting $86.03. The company had a trading volume of 5,747,861 shares, compared to its average volume of 4,673,482. Interactive Brokers Group has a 12 month low of $58.95 and a 12 month high of $98.75. The stock’s fifty day moving average price is $90.43 and its two-hundred day moving average price is $87.00. The firm has a market cap of $146.37 billion, a PE ratio of 34.41, a price-to-earnings-growth ratio of 1.55 and a beta of 1.37.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Tuesday, September 1st were issued a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Tuesday, September 1st. Interactive Brokers Group’s payout ratio is 14.00%.

Analysts Set New Price Targets

IBKR has been the subject of several research analyst reports. Weiss Ratings lowered Interactive Brokers Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. The Goldman Sachs Group reiterated a “buy” rating and set a $111.00 target price on shares of Interactive Brokers Group in a research note on Thursday, October 1st. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Interactive Brokers Group in a research report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft started coverage on Interactive Brokers Group in a research report on Monday. They set a “buy” rating and a $102.00 target price for the company. Finally, Zacks Research lowered shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $103.18.

About Interactive Brokers Group

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and custody services to individual investors, financial advisors, hedge funds, proprietary trading firms, family offices and other institutional clients. The company offers access to a broad range of markets and financial instruments, including stocks, options, futures, currencies, bonds, exchange-traded funds and mutual funds.

Interactive Brokers provides its services through digital platforms such as Trader Workstation, IBKR Mobile and Client Portal, along with application programming interfaces for clients seeking automated or integrated trading capabilities.