Q4 2022 Earnings Forecast for Interactive Brokers Group, Inc. (NASDAQ:IBKR) Issued By Jefferies Financial Group

Interactive Brokers Group, Inc. (NASDAQ:IBKRGet Rating) – Equities research analysts at Jefferies Financial Group upped their Q4 2022 earnings estimates for shares of Interactive Brokers Group in a research note issued to investors on Tuesday, April 19th. Jefferies Financial Group analyst D. Fannon now forecasts that the financial services provider will earn $1.08 per share for the quarter, up from their previous forecast of $1.07. Jefferies Financial Group also issued estimates for Interactive Brokers Group’s Q1 2023 earnings at $1.08 EPS and FY2023 earnings at $4.30 EPS.

A number of other equities analysts also recently commented on the company. 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 research report on Wednesday. Keefe, Bruyette & Woods raised Interactive Brokers Group from a “market perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a research report on Wednesday, January 19th. Zacks Investment Research downgraded Interactive Brokers Group from a “buy” rating to a “hold” rating and set a $71.00 price objective for the company. in a research report on Tuesday, April 5th. StockNews.com initiated coverage on Interactive Brokers Group in a research report on Thursday, March 31st. They set a “sell” rating for the company. Finally, The Goldman Sachs Group lowered their price objective on Interactive Brokers Group from $105.00 to $90.00 and set a “neutral” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $95.60.

Shares of Interactive Brokers Group stock opened at $66.42 on Thursday. Interactive Brokers Group has a one year low of $56.95 and a one year high of $82.83. The company has a market cap of $27.77 billion, a PE ratio of 20.37, a P/E/G ratio of 0.94 and a beta of 0.74. The business has a 50-day simple moving average of $65.78 and a 200-day simple moving average of $71.20.

Interactive Brokers Group (NASDAQ:IBKRGet Rating) last released its earnings results 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 the consensus estimate of $703.34 million. Interactive Brokers Group had a return on equity of 3.25% and a net margin of 10.80%. Interactive Brokers Group’s revenue was down 27.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 EPS.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Koshinski Asset Management Inc. lifted its stake in Interactive Brokers Group by 19.6% in the first 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. Mitchell & Pahl Private Wealth LLC raised its position in shares of Interactive Brokers Group by 24.0% during the 1st quarter. Mitchell & Pahl Private Wealth LLC now owns 4,275 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 828 shares during the last quarter. First Citizens Bank & Trust Co. raised its position in shares of Interactive Brokers Group by 27.6% during the 4th quarter. First Citizens Bank & Trust Co. now owns 5,408 shares of the financial services provider’s stock worth $430,000 after purchasing an additional 1,169 shares during the last quarter. Norges Bank acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at approximately $60,173,000. Finally, Walleye Capital LLC acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at approximately $1,331,000. Institutional investors own 18.92% of the company’s stock.

In related news, Chairman Thomas Peterffy sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, January 24th. The stock was sold at an average price of $66.34, for a total value of $1,326,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 595,600 shares of company stock valued at $39,645,194 over the last ninety days. 5.72% of the stock is currently owned by corporate insiders.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 14th. Investors of record on Wednesday, June 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Tuesday, May 31st. Interactive Brokers Group’s dividend payout ratio (DPR) is 12.27%.

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.

Further Reading

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

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