Interactive Brokers Group, Inc. to Post Q3 2024 Earnings of $1.60 Per Share, Zacks Research Forecasts (NASDAQ:IBKR)

Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Research analysts at Zacks Research upped their Q3 2024 earnings per share (EPS) estimates for shares of Interactive Brokers Group in a note issued to investors on Tuesday, July 16th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $1.60 for the quarter, up from their prior forecast of $1.53. The consensus estimate for Interactive Brokers Group’s current full-year earnings is $6.87 per share. Zacks Research also issued estimates for Interactive Brokers Group’s Q4 2024 earnings at $1.58 EPS, Q1 2025 earnings at $1.62 EPS, Q2 2025 earnings at $1.62 EPS, Q3 2025 earnings at $1.55 EPS, Q4 2025 earnings at $1.54 EPS, FY2025 earnings at $6.34 EPS, Q1 2026 earnings at $1.57 EPS, Q2 2026 earnings at $1.58 EPS and FY2026 earnings at $6.16 EPS.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, July 16th. The financial services provider reported $1.76 EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the business posted $1.32 EPS. The business’s revenue was up 21.2% on a year-over-year basis.

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

Interactive Brokers Group Price Performance

IBKR opened at $119.60 on Wednesday. Interactive Brokers Group has a 12-month low of $72.60 and a 12-month high of $129.19. The stock has a market capitalization of $50.36 billion, a PE ratio of 20.44, a P/E/G ratio of 0.97 and a beta of 0.81. The firm’s fifty day moving average price is $123.64 and its 200 day moving average price is $110.88.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Interactive Brokers Group by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 9,690,056 shares of the financial services provider’s stock valued at $803,306,000 after purchasing an additional 123,226 shares during the period. Bares Capital Management Inc. boosted its position in shares of Interactive Brokers Group by 10.4% during the first quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider’s stock worth $313,920,000 after buying an additional 264,543 shares during the period. Norges Bank acquired a new stake in Interactive Brokers Group in the 4th quarter valued at approximately $97,476,000. Wells Fargo & Company MN raised its stake in Interactive Brokers Group by 1.4% during the 4th quarter. Wells Fargo & Company MN now owns 968,669 shares of the financial services provider’s stock valued at $80,303,000 after acquiring an additional 13,145 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Interactive Brokers Group by 122.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock worth $78,855,000 after acquiring an additional 524,503 shares during the period. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a $0.25 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a yield of 0.84%. Interactive Brokers Group’s payout ratio is currently 17.09%.

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.