Zacks Research Has Strong Estimate for IBKR FY2024 Earnings

Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Analysts at Zacks Research upped their FY2024 earnings estimates for Interactive Brokers Group in a report released on Wednesday, January 8th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings of $6.74 per share for the year, up from their previous forecast of $6.71. 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 Q4 2024 earnings at $1.73 EPS, Q1 2025 earnings at $1.74 EPS, Q2 2025 earnings at $1.66 EPS, Q3 2025 earnings at $1.70 EPS, FY2025 earnings at $6.82 EPS, Q1 2026 earnings at $1.77 EPS, Q2 2026 earnings at $1.73 EPS, Q3 2026 earnings at $1.74 EPS and FY2026 earnings at $7.00 EPS.

A number of other analysts also recently weighed in on the stock. Barclays upped their target price on shares of Interactive Brokers Group from $165.00 to $214.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. The Goldman Sachs Group upped their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods lifted their target price on shares of Interactive Brokers Group from $152.00 to $190.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Piper Sandler upped their price target on Interactive Brokers Group from $163.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Jefferies Financial Group lifted their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $177.63.

Interactive Brokers Group Stock Down 0.1 %

Shares of IBKR stock opened at $190.89 on Thursday. The business’s fifty day moving average is $180.71 and its 200 day moving average is $147.56. The stock has a market cap of $80.66 billion, a price-to-earnings ratio of 29.14, a PEG ratio of 1.41 and a beta of 0.87. Interactive Brokers Group has a twelve month low of $83.86 and a twelve month high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. During the same quarter last year, the company posted $1.55 EPS.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, November 29th. This represents a $1.00 annualized dividend and a yield of 0.52%. Interactive Brokers Group’s dividend payout ratio is 15.27%.

Institutional Trading of Interactive Brokers Group

Institutional investors and hedge funds have recently modified their holdings of the business. Versant Capital Management Inc boosted its position in shares of Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after buying an additional 71 shares during the last quarter. Fairfield Financial Advisors LTD purchased a new stake in shares of Interactive Brokers Group during the 2nd quarter valued at about $32,000. UMB Bank n.a. grew its stake in shares of Interactive Brokers Group by 350.0% in the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 224 shares during the period. Smithfield Trust Co raised its holdings in shares of Interactive Brokers Group by 80.6% during the third quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 154 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in Interactive Brokers Group during the third quarter valued at approximately $49,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Company Profile

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.