Zacks: Analysts Anticipate Interactive Brokers Group, Inc. (NASDAQ:IBKR) to Post $0.94 Earnings Per Share

Wall Street analysts forecast that Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating) will announce earnings per share of $0.94 for the current quarter, Zacks reports. Two analysts have made estimates for Interactive Brokers Group’s earnings, with the highest EPS estimate coming in at $0.95 and the lowest estimate coming in at $0.93. Interactive Brokers Group reported earnings of $0.82 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 14.6%. The firm is scheduled to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Interactive Brokers Group will report full-year earnings of $3.70 per share for the current financial year, with EPS estimates ranging from $3.63 to $3.75. For the next fiscal year, analysts forecast that the firm will report earnings of $4.35 per share, with EPS estimates ranging from $4.30 to $4.46. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Interactive Brokers Group.

Interactive Brokers Group (NASDAQ:IBKR – Get Rating) last released its earnings results on Tuesday, April 19th. The financial services provider reported $0.82 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.82. Interactive Brokers Group had a net margin of 10.32% and a return on equity of 3.09%. The business had revenue of $645.00 million during the quarter, compared to the consensus estimate of $703.34 million. During the same quarter last year, the firm earned $0.98 earnings per share. The firm’s revenue for the quarter was down 27.8% compared to the same quarter last year.

A number of research analysts have recently commented on the stock. Bank of America lifted their price objective on shares of Interactive Brokers Group from $111.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, April 20th. Zacks Investment Research downgraded shares of 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 assumed coverage on shares of Interactive Brokers Group in a research report on Thursday, March 31st. They issued a “sell” rating for the company. The Goldman Sachs Group decreased their price objective on shares of Interactive Brokers Group from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Wednesday, April 20th. Finally, Keefe, Bruyette & Woods upgraded shares of Interactive Brokers Group from a “market perform” rating to an “outperform” rating and set a $90.00 target price for the company in a research note on Wednesday, January 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Interactive Brokers Group has an average rating of “Hold” and a consensus target price of $92.00.

In other news, Chairman Thomas Peterffy sold 20,000 shares of the firm’s stock in a transaction dated Monday, April 25th. The shares were sold at an average price of $61.08, for a total transaction of $1,221,600.00. Following the completion of the sale, the chairman now owns 2,907,511 shares in the company, valued at approximately $177,590,771.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 615,600 shares of company stock valued at $40,767,194. 5.72% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the business. Vestmark Advisory Solutions Inc. raised its stake in Interactive Brokers Group by 1.8% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 69,094 shares of the financial services provider’s stock worth $4,554,000 after purchasing an additional 1,253 shares in the last quarter. Kestra Advisory Services LLC raised its stake in Interactive Brokers Group by 8.5% in the 1st quarter. Kestra Advisory Services LLC now owns 3,414 shares of the financial services provider’s stock worth $225,000 after purchasing an additional 268 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in Interactive Brokers Group in the 1st quarter worth about $1,730,000. Assenagon Asset Management S.A. raised its stake in Interactive Brokers Group by 2,130.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 332,397 shares of the financial services provider’s stock worth $21,908,000 after purchasing an additional 317,494 shares in the last quarter. Finally, Truist Financial Corp raised its stake in Interactive Brokers Group by 19.8% in the 1st quarter. Truist Financial Corp now owns 63,799 shares of the financial services provider’s stock worth $4,205,000 after purchasing an additional 10,563 shares in the last quarter. Institutional investors and hedge funds own 18.92% of the company’s stock.

Shares of IBKR opened at $61.16 on Thursday. The firm has a 50-day moving average of $64.68 and a 200-day moving average of $70.97. 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 $25.57 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 0.88 and a beta of 0.74.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 14th. Stockholders of record on Wednesday, June 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Tuesday, May 31st. Interactive Brokers Group’s dividend payout ratio is presently 14.08%.

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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