Interactive Brokers Group, Inc. to Issue Quarterly Dividend of $0.25 (NASDAQ:IBKR)

Interactive Brokers Group, Inc. (NASDAQ:IBKR) announced a quarterly dividend on Tuesday, July 16th, Zacks reports. Investors of record on Friday, August 30th will be given a dividend of 0.25 per share by the financial services provider on Friday, September 13th. This represents a $1.00 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, August 30th.

Interactive Brokers Group has a dividend payout ratio of 14.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Interactive Brokers Group to earn $6.92 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 14.5%.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $123.37 on Thursday. Interactive Brokers Group has a one year low of $72.60 and a one year high of $129.19. The company’s fifty day moving average price is $123.63 and its two-hundred day moving average price is $110.82. The company has a market capitalization of $51.95 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 0.97 and a beta of 0.81.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.02. Interactive Brokers Group had a return on equity of 4.99% and a net margin of 7.88%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the firm posted $1.32 EPS. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Interactive Brokers Group will post 6.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

IBKR has been the topic of a number of research analyst reports. Barclays raised their target price on shares of Interactive Brokers Group from $145.00 to $147.00 and gave the company an “overweight” rating in a research note on Wednesday. Citigroup lifted their price target on Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. UBS Group increased their price objective on Interactive Brokers Group from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Keefe, Bruyette & Woods lowered shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $128.00 to $135.00 in a research report on Thursday, July 11th. Finally, Bank of America increased their price target on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.33.

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.