Interactive Brokers Group, Inc. (NASDAQ:IBKR) to Post Q3 2024 Earnings of $1.66 Per Share, Zacks Research Forecasts

Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Investment analysts at Zacks Research raised their Q3 2024 earnings per share estimates for shares of Interactive Brokers Group in a research note issued to investors on Friday, August 2nd. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings of $1.66 per share for the quarter, up from their previous estimate of $1.60. The consensus estimate for Interactive Brokers Group’s current full-year earnings is $6.76 per share. Zacks Research also issued estimates for Interactive Brokers Group’s Q4 2024 earnings at $1.64 EPS, FY2024 earnings at $6.70 EPS, Q1 2025 earnings at $1.69 EPS, Q2 2025 earnings at $1.65 EPS, Q3 2025 earnings at $1.63 EPS, Q4 2025 earnings at $1.63 EPS, FY2025 earnings at $6.61 EPS, Q1 2026 earnings at $1.64 EPS, Q2 2026 earnings at $1.62 EPS and FY2026 earnings at $6.45 EPS.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.02. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the firm posted $1.32 EPS. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year.

IBKR has been the subject of a number of other reports. Piper Sandler increased 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. UBS Group raised their price objective on shares of Interactive Brokers Group from $135.00 to $145.00 and gave the stock 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 price target for the stock from $128.00 to $135.00 in a research note on Thursday, July 11th. Jefferies Financial Group lifted their price target on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 8th. Finally, Citigroup raised 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. Two 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, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.33.

Interactive Brokers Group Stock Up 1.7 %

NASDAQ IBKR opened at $110.52 on Monday. The business’s fifty day simple moving average is $121.90 and its 200-day simple moving average is $113.97. The firm has a market cap of $46.54 billion, a PE ratio of 18.89, a P/E/G ratio of 1.07 and a beta of 0.81. Interactive Brokers Group has a 52 week low of $72.60 and a 52 week high of $129.19.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.00 annualized dividend and a yield of 0.90%. Interactive Brokers Group’s payout ratio is presently 17.09%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in IBKR. Tortoise Investment Management LLC raised its holdings in shares of Interactive Brokers Group by 76.6% during the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 111 shares in the last quarter. Rise Advisors LLC acquired a new stake in Interactive Brokers Group in the 1st quarter valued at $30,000. Rakuten Securities Inc. bought a new stake in shares of Interactive Brokers Group in the 4th quarter worth about $34,000. Principal Securities Inc. bought a new stake in Interactive Brokers Group during the fourth quarter worth about $40,000. Finally, Kapitalo Investimentos Ltda grew its position in Interactive Brokers Group by 278.0% during the 4th quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 353 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

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.