Zacks Research Brokers Increase Earnings Estimates for IBKR

Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Research analysts at Zacks Research upped their Q4 2024 earnings per share (EPS) estimates for Interactive Brokers Group in a research report issued on Wednesday, November 27th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $1.70 for the quarter, up from their previous forecast of $1.69. 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 Q1 2025 earnings at $1.72 EPS, Q3 2025 earnings at $1.69 EPS, Q4 2025 earnings at $1.71 EPS, FY2025 earnings at $6.78 EPS, Q1 2026 earnings at $1.74 EPS, Q2 2026 earnings at $1.68 EPS and FY2026 earnings at $6.89 EPS.

IBKR has been the topic of several other reports. The Goldman Sachs Group lifted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday. Barclays dropped their price target on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. UBS Group boosted their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Jefferies Financial Group boosted their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, Piper Sandler reissued an “overweight” rating and issued a $163.00 price target on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $160.00.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $186.89 on Monday. The stock’s 50 day simple moving average is $161.10 and its two-hundred day simple moving average is $136.54. The stock has a market cap of $78.96 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 1.45 and a beta of 0.85. Interactive Brokers Group has a fifty-two week low of $77.75 and a fifty-two week high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). The firm had revenue of $2.45 billion for 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 period in the previous year, the firm posted $1.55 earnings per share.

Institutional Investors Weigh In On Interactive Brokers Group

A number of hedge funds have recently added to or reduced their stakes in IBKR. Millennium Management LLC raised its stake in Interactive Brokers Group by 1,292.1% during the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock valued at $132,655,000 after buying an additional 1,004,289 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Interactive Brokers Group during the 3rd quarter valued at $83,630,000. Marshall Wace LLP raised its stake in Interactive Brokers Group by 23.8% during the 2nd quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock valued at $307,365,000 after buying an additional 481,826 shares during the last quarter. Waverton Investment Management Ltd purchased a new stake in Interactive Brokers Group during the 3rd quarter valued at $26,946,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Interactive Brokers Group by 262.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock valued at $36,004,000 after acquiring an additional 187,010 shares during the period. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a yield of 0.54%. Interactive Brokers Group’s dividend payout ratio is presently 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.