Interactive Brokers Group (IBKR) Set to Announce Earnings on Tuesday

Interactive Brokers Group (NASDAQ:IBKR) is set to release its earnings data after the market closes on Tuesday, April 16th. Analysts expect Interactive Brokers Group to post earnings of $1.58 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Interactive Brokers Group had a net margin of 7.72% and a return on equity of 4.66%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.30 EPS. On average, analysts expect Interactive Brokers Group to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $110.39 on Monday. The firm has a market cap of $46.48 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 1.28 and a beta of 0.83. The company has a 50-day moving average of $107.32 and a two-hundred day moving average of $92.14. Interactive Brokers Group has a 1-year low of $70.83 and a 1-year high of $116.92.

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Friday, March 1st were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.36%. The ex-dividend date was Thursday, February 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 7.07%.

Wall Street Analyst Weigh In

IBKR has been the subject of several research analyst reports. UBS Group lowered their target price on shares of Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a research note on Tuesday, January 9th. The Goldman Sachs Group raised shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and increased their target price for the stock from $88.00 to $102.00 in a research note on Tuesday, January 9th. Barclays raised their price objective on shares of Interactive Brokers Group from $117.00 to $132.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Citigroup raised their price objective on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Piper Sandler raised their price objective on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.13.

Insider Activity at Interactive Brokers Group

In related news, insider Thomas Aj Frank sold 13,189 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $87.63, for a total value of $1,155,752.07. Following the sale, the insider now owns 525,421 shares of the company’s stock, valued at $46,042,642.23. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Vice Chairman Earl H. Nemser sold 25,782 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $95.71, for a total value of $2,467,595.22. Following the sale, the insider now owns 208,770 shares of the company’s stock, valued at $19,981,376.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Thomas Aj Frank sold 13,189 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $87.63, for a total transaction of $1,155,752.07. Following the completion of the sale, the insider now directly owns 525,421 shares in the company, valued at approximately $46,042,642.23. The disclosure for this sale can be found here. Insiders have sold a total of 454,989 shares of company stock valued at $42,696,367 over the last 90 days. 3.21% of the stock is owned by corporate insiders.

Institutional Trading of Interactive Brokers Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its holdings in Interactive Brokers Group by 12.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 49,954 shares of the financial services provider’s stock worth $4,142,000 after purchasing an additional 5,427 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Interactive Brokers Group by 5.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 43,673 shares of the financial services provider’s stock worth $3,620,000 after acquiring an additional 2,239 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Interactive Brokers Group by 33.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 5,905 shares of the financial services provider’s stock worth $489,000 after acquiring an additional 1,495 shares during the last quarter. Townsquare Capital LLC grew its position in shares of Interactive Brokers Group by 4.1% during the fourth quarter. Townsquare Capital LLC now owns 77,709 shares of the financial services provider’s stock worth $6,442,000 after acquiring an additional 3,086 shares during the last quarter. Finally, Systematic Portfolios LLC purchased a new position in shares of Interactive Brokers Group during the fourth quarter worth approximately $224,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

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.