Interactive Brokers Group (NASDAQ:IBKR) Posts Quarterly Earnings Results, Meets Estimates

Interactive Brokers Group (NASDAQ:IBKR) posted its earnings results on Thursday. The financial services provider reported $0.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.67, FiscalAI reports. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.86 billion.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR traded up $1.89 during mid-day trading on Thursday, reaching $86.03. The stock had a trading volume of 5,747,861 shares, compared to its average volume of 4,673,482. The stock has a market capitalization of $146.37 billion, a P/E ratio of 34.41, a P/E/G ratio of 1.55 and a beta of 1.37. The firm has a 50 day moving average price of $90.43 and a two-hundred day moving average price of $87.00. Interactive Brokers Group has a one year low of $58.95 and a one year high of $98.75.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Tuesday, September 1st were given a $0.0875 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. Interactive Brokers Group’s payout ratio is presently 14.00%.

Wall Street Analysts Forecast Growth

IBKR has been the topic of several research analyst reports. China Renaissance began coverage on shares of Interactive Brokers Group in a research report on Tuesday, July 7th. They issued a “hold” rating and a $99.90 price objective on the stock. Bank of America reiterated a “buy” rating and set a $116.00 target price (up from $114.00) on shares of Interactive Brokers Group in a research report on Monday, October 5th. Seaport Research Partners raised shares of Interactive Brokers Group to a “buy” rating in a research note on Monday. Weiss Ratings cut shares of Interactive Brokers Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 2nd. Finally, Barclays reissued an “overweight” rating and issued a $115.00 price target (up from $114.00) on shares of Interactive Brokers Group in a report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $103.18.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and custody services to individual investors, financial advisors, hedge funds, proprietary trading firms, family offices and other institutional clients. The company offers access to a broad range of markets and financial instruments, including stocks, options, futures, currencies, bonds, exchange-traded funds and mutual funds.

Interactive Brokers provides its services through digital platforms such as Trader Workstation, IBKR Mobile and Client Portal, along with application programming interfaces for clients seeking automated or integrated trading capabilities.