Interactive Brokers Group, Inc. (NASDAQ:IBKR) Increases Dividend to $0.25 Per Share

Interactive Brokers Group, Inc. (NASDAQ:IBKR) announced a quarterly dividend on Tuesday, April 16th, Zacks reports. Stockholders of record on Friday, May 31st will be given a dividend of 0.25 per share by the financial services provider on Friday, June 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Friday, May 31st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.10.

Interactive Brokers Group has a payout ratio of 6.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Interactive Brokers Group to earn $6.32 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 6.3%.

Interactive Brokers Group Trading Up 1.7 %

Interactive Brokers Group stock opened at $109.23 on Thursday. The firm has a 50-day moving average price of $108.19 and a 200-day moving average price of $92.55. The firm has a market capitalization of $45.99 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 1.22 and a beta of 0.83. Interactive Brokers Group has a 12-month low of $70.83 and a 12-month high of $116.92.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.01). The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Interactive Brokers Group had a return on equity of 4.84% and a net margin of 7.62%. Interactive Brokers Group’s revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.30 EPS. As a group, sell-side analysts predict that Interactive Brokers Group will post 6.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were 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 of the company’s stock, valued at approximately $11,929,922.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 10,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $103.53, for a total transaction of $1,035,300.00. Following the transaction, the insider now owns 123,770 shares of the company’s stock, valued at approximately $12,813,908.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of Interactive Brokers Group 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 completion of the transaction, the insider now directly owns 113,770 shares in the company, valued at approximately $11,929,922.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 428,883 shares of company stock valued at $40,395,135. Company insiders own 3.21% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Atlas Capital Advisors LLC purchased a new position in shares of Interactive Brokers Group in the 1st quarter worth approximately $40,000. Eagle Bay Advisors LLC purchased a new position in shares of Interactive Brokers Group in the 2nd quarter worth approximately $31,000. Belpointe Asset Management LLC grew its position in shares of Interactive Brokers Group by 64.5% in the 1st quarter. Belpointe Asset Management LLC now owns 579 shares of the financial services provider’s stock worth $48,000 after buying an additional 227 shares during the last quarter. Dark Forest Capital Management LP purchased a new position in shares of Interactive Brokers Group in the 1st quarter worth approximately $49,000. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Interactive Brokers Group by 496.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 602 shares of the financial services provider’s stock worth $44,000 after buying an additional 501 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Citigroup raised their target price on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Jefferies Financial Group raised their price target on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday. Piper Sandler raised their price target on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Barclays raised their price target on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, The Goldman Sachs Group raised shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $88.00 to $102.00 in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus target price of $124.00.

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.