Interactive Brokers Group, Inc. Expected to Post Q4 2024 Earnings of $1.67 Per Share (NASDAQ:IBKR)

Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Equities researchers at Zacks Research increased their Q4 2024 earnings per share (EPS) estimates for Interactive Brokers Group in a report released on Monday, October 14th. Zacks Research analyst R. Department now anticipates that the financial services provider will earn $1.67 per share for the quarter, up from their previous estimate of $1.64. The consensus estimate for Interactive Brokers Group’s current full-year earnings is $6.92 per share. Zacks Research also issued estimates for Interactive Brokers Group’s Q1 2025 earnings at $1.70 EPS, Q3 2025 earnings at $1.75 EPS, Q4 2025 earnings at $1.62 EPS, FY2025 earnings at $6.72 EPS, Q1 2026 earnings at $1.62 EPS, Q3 2026 earnings at $1.70 EPS and FY2026 earnings at $6.51 EPS.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.74 by $0.02. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. Interactive Brokers Group’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.32 EPS.

Other equities analysts have also issued research reports about the company. Barclays raised their price target on Interactive Brokers Group from $147.00 to $166.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Piper Sandler raised their target price on shares of Interactive Brokers Group from $140.00 to $163.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Jefferies Financial Group lifted their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. Keefe, Bruyette & Woods cut shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $128.00 to $135.00 in a report on Thursday, July 11th. Finally, UBS Group lifted their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average price target of $143.11.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $152.98 on Tuesday. Interactive Brokers Group has a one year low of $72.60 and a one year high of $154.75. The stock has a market capitalization of $64.41 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 1.34 and a beta of 0.80. The company has a 50-day simple moving average of $130.77 and a 200-day simple moving average of $123.74.

Hedge Funds Weigh In On Interactive Brokers Group

Several hedge funds and other institutional investors have recently bought and sold shares of IBKR. Goldman Sachs Group Inc. lifted its stake in Interactive Brokers Group by 122.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock valued at $78,855,000 after buying an additional 524,503 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Interactive Brokers Group by 126.3% during the 4th quarter. Wellington Management Group LLP now owns 49,968 shares of the financial services provider’s stock worth $4,142,000 after purchasing an additional 27,885 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Interactive Brokers Group by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 9,690,056 shares of the financial services provider’s stock worth $803,306,000 after purchasing an additional 123,226 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Interactive Brokers Group during the fourth quarter worth about $367,000. Finally, HighPoint Advisor Group LLC acquired a new position in shares of Interactive Brokers Group in the fourth quarter valued at approximately $345,000. 23.80% of the stock is 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.