Zacks Research Comments on Interactive Brokers Group, Inc.’s Q1 2024 Earnings (NASDAQ:IBKR)

Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Analysts at Zacks Research upped their Q1 2024 earnings per share (EPS) estimates for shares of Interactive Brokers Group in a research note issued on Monday, April 15th. Zacks Research analyst S. Shah now expects that the financial services provider will post earnings of $1.60 per share for the quarter, up from their prior forecast of $1.56. The consensus estimate for Interactive Brokers Group’s current full-year earnings is $6.32 per share. Zacks Research also issued estimates for Interactive Brokers Group’s Q2 2024 earnings at $1.51 EPS, Q3 2024 earnings at $1.50 EPS, Q4 2024 earnings at $1.45 EPS, FY2024 earnings at $6.06 EPS, Q1 2025 earnings at $1.50 EPS, Q2 2025 earnings at $1.38 EPS, Q3 2025 earnings at $1.40 EPS, Q4 2025 earnings at $1.48 EPS, FY2025 earnings at $5.76 EPS, Q1 2026 earnings at $1.41 EPS and FY2026 earnings at $5.60 EPS.

IBKR has been the subject of a number of other reports. Piper Sandler lifted their price target on Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. The Goldman Sachs Group raised Interactive Brokers Group from a “neutral” rating to a “buy” rating and boosted their target price for the company from $88.00 to $102.00 in a report on Tuesday, January 9th. UBS Group reduced their target price on Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a report on Tuesday, January 9th. Citigroup boosted their target price on Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, Barclays boosted their target price on Interactive Brokers Group from $117.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average target price of $118.13.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $107.39 on Tuesday. The company has a market capitalization of $45.21 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 1.26 and a beta of 0.83. The business has a 50-day moving average of $107.89 and a two-hundred day moving average of $92.43. Interactive Brokers Group has a 1 year low of $70.83 and a 1 year high of $116.92.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Interactive Brokers Group had a return on equity of 4.66% and a net margin of 7.72%. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period last year, the firm earned $1.30 earnings per share.

Insiders Place Their Bets

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total transaction of $524,300.00. Following the transaction, the insider now owns 113,770 shares in the company, valued at approximately $11,929,922.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Vice Chairman Earl H. Nemser sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total value of $524,300.00. Following the sale, the insider now owns 113,770 shares in the company, valued at approximately $11,929,922.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas Aj Frank sold 12,917 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $88.68, for a total value of $1,145,479.56. Following the completion of the transaction, the insider now directly owns 497,368 shares of the company’s stock, valued at $44,106,594.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 441,800 shares of company stock worth $41,540,615. Company insiders own 3.21% of the company’s stock.

Hedge Funds Weigh In On Interactive Brokers Group

Several hedge funds have recently bought and sold shares of the company. Contravisory Investment Management Inc. acquired a new stake in Interactive Brokers Group during the 4th quarter valued at $25,000. Rise Advisors LLC acquired a new stake in Interactive Brokers Group during the 1st quarter valued at $30,000. Eagle Bay Advisors LLC acquired a new stake in Interactive Brokers Group during the 2nd quarter valued at $31,000. Rakuten Securities Inc. acquired a new stake in Interactive Brokers Group during the 4th quarter valued at $34,000. Finally, Headlands Technologies LLC acquired a new stake in Interactive Brokers Group during the 3rd quarter valued at $40,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.