Zacks Research Has Bullish Estimate for IBKR Q4 Earnings

Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Zacks Research boosted their Q4 2024 earnings per share estimates for Interactive Brokers Group in a note issued to investors on Wednesday, November 27th. Zacks Research analyst R. Department now expects that the financial services provider will earn $1.70 per share for the quarter, up from their previous estimate 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.

A number of other research analysts have also issued reports on the stock. UBS Group increased their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Piper Sandler reissued an “overweight” rating and set a $163.00 price target on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. 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 report on Friday, October 4th. Finally, Barclays reduced their target price on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $148.38.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $185.68 on Monday. Interactive Brokers Group has a 52 week low of $77.75 and a 52 week high of $193.42. The firm’s 50-day simple moving average is $160.09 and its 200 day simple moving average is $136.09. The firm has a market cap of $78.45 billion, a price-to-earnings ratio of 29.17, a P/E/G ratio of 1.50 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates 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 prior year, the company earned $1.55 earnings per share.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.54%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 15.27%.

Institutional Trading of Interactive Brokers Group

Several large investors have recently bought and sold shares of the business. Millennium Management LLC lifted its holdings in shares of Interactive Brokers Group by 1,292.1% in the second quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock worth $132,655,000 after acquiring an additional 1,004,289 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new position in Interactive Brokers Group during the 3rd quarter worth approximately $83,630,000. Marshall Wace LLP lifted its stake in Interactive Brokers Group by 23.8% in 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 purchasing an additional 481,826 shares during the last quarter. Waverton Investment Management Ltd acquired a new stake in Interactive Brokers Group in the third quarter valued at approximately $26,946,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Interactive Brokers Group by 262.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock worth $36,004,000 after buying an additional 187,010 shares during the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

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.