Zacks Research Issues Optimistic Forecast for IBKR Earnings

Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Zacks Research upped their FY2024 earnings per share (EPS) estimates for shares of Interactive Brokers Group in a report released on Wednesday, January 8th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings per share of $6.74 for the year, up from their previous forecast of $6.71. The consensus estimate for Interactive Brokers Group’s current full-year earnings is $6.82 per share. Zacks Research also issued estimates for Interactive Brokers Group’s Q4 2024 earnings at $1.73 EPS, Q1 2025 earnings at $1.74 EPS, Q2 2025 earnings at $1.66 EPS, Q3 2025 earnings at $1.70 EPS, FY2025 earnings at $6.82 EPS, Q1 2026 earnings at $1.77 EPS, Q2 2026 earnings at $1.73 EPS, Q3 2026 earnings at $1.74 EPS and FY2026 earnings at $7.00 EPS.

Several other brokerages have also commented on IBKR. Keefe, Bruyette & Woods boosted their price objective on Interactive Brokers Group from $152.00 to $190.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. UBS Group boosted their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group raised their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Barclays upped their target price on shares of Interactive Brokers Group from $165.00 to $214.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, Piper Sandler raised their price target on Interactive Brokers Group from $163.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $177.63.

Interactive Brokers Group Stock Down 0.1 %

Interactive Brokers Group stock opened at $190.89 on Thursday. The stock has a market cap of $80.66 billion, a price-to-earnings ratio of 29.14, a PEG ratio of 1.41 and a beta of 0.87. The business has a 50-day simple moving average of $180.71 and a 200 day simple moving average of $147.56. Interactive Brokers Group has a 52 week low of $83.86 and a 52 week high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. During the same quarter last year, the business posted $1.55 earnings per share.

Institutional Investors Weigh In On Interactive Brokers Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of Interactive Brokers Group by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider’s stock valued at $559,821,000 after acquiring an additional 11,379 shares during the period. State Street Corp raised its position in Interactive Brokers Group by 1.7% during the 3rd quarter. State Street Corp now owns 3,222,135 shares of the financial services provider’s stock valued at $449,037,000 after purchasing an additional 52,911 shares during the last quarter. Greenwich Wealth Management LLC raised its position in Interactive Brokers Group by 0.3% during the 2nd quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider’s stock valued at $365,271,000 after purchasing an additional 8,038 shares during the last quarter. Marshall Wace LLP lifted its holdings in Interactive Brokers Group by 23.8% in the 2nd quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock worth $307,365,000 after buying an additional 481,826 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Interactive Brokers Group by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider’s stock worth $287,921,000 after buying an additional 106,392 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, November 29th. Interactive Brokers Group’s payout ratio is 15.27%.

About Interactive Brokers Group

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.