Interactive Brokers Group (NASDAQ:IBKR) Announces Quarterly Earnings Results

Interactive Brokers Group (NASDAQ:IBKR) released its earnings results on Tuesday. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.22, Briefing.com reports. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.11%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1,372,590.34 billion. During the same quarter in the previous year, the firm earned $1.52 EPS. Interactive Brokers Group’s revenue was up 21.8% compared to the same quarter last year.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $209.78 on Thursday. The stock has a market capitalization of $88.64 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 1.40 and a beta of 0.87. The firm’s 50 day simple moving average is $184.70 and its 200-day simple moving average is $151.85. Interactive Brokers Group has a 12 month low of $88.22 and a 12 month high of $211.14.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s payout ratio is presently 14.16%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on IBKR shares. The Goldman Sachs Group upped their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Barclays increased their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday. UBS Group raised their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Citigroup upped their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, Piper Sandler reissued an “overweight” rating and set a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average price target of $192.25.

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.