Interactive Brokers Group, Inc. (NASDAQ:IBKR) to Post Q2 2024 Earnings of $1.53 Per Share, Zacks Research Forecasts

Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Stock analysts at Zacks Research lifted their Q2 2024 earnings per share (EPS) estimates for shares of Interactive Brokers Group in a research note issued on Tuesday, May 7th. Zacks Research analyst S. Shah now anticipates that the financial services provider will post earnings per share of $1.53 for the quarter, up from their prior forecast of $1.51. The consensus estimate for Interactive Brokers Group’s current full-year earnings is $6.46 per share. Zacks Research also issued estimates for Interactive Brokers Group’s Q3 2024 earnings at $1.53 EPS, Q4 2024 earnings at $1.51 EPS, FY2024 earnings at $6.20 EPS, Q1 2025 earnings at $1.54 EPS, Q2 2025 earnings at $1.45 EPS, FY2025 earnings at $5.87 EPS, Q1 2026 earnings at $1.47 EPS and FY2026 earnings at $5.69 EPS.

Other equities analysts have also recently issued research reports about the stock. Barclays raised their price target on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. Jefferies Financial Group increased their price objective on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Piper Sandler lifted their target price on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Citigroup upped their target price on Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, Bank of America increased their price target on Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $124.00.

Interactive Brokers Group Trading Down 0.7 %

IBKR opened at $119.72 on Thursday. The company has a market cap of $50.41 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 1.22 and a beta of 0.81. The company’s fifty day moving average price is $112.13 and its two-hundred day moving average price is $95.78. Interactive Brokers Group has a 1-year low of $72.60 and a 1-year high of $122.88.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Contravisory Investment Management Inc. bought a new stake in Interactive Brokers Group during the fourth quarter valued at $25,000. Rise Advisors LLC purchased a new stake in shares of Interactive Brokers Group in the 1st quarter valued at about $30,000. Rakuten Securities Inc. bought a new position in Interactive Brokers Group during the fourth quarter valued at approximately $34,000. Headlands Technologies LLC purchased a new position in shares of Interactive Brokers Group during the third quarter worth approximately $40,000. Finally, Principal Securities Inc. bought a new stake in shares of Interactive Brokers Group in the 4th quarter worth approximately $40,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 5,000 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total transaction of $524,300.00. Following the completion of the transaction, the insider now owns 113,770 shares in the company, valued at $11,929,922.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Vice Chairman Earl H. Nemser sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total value of $524,300.00. Following the completion of the transaction, the insider now directly owns 113,770 shares of the company’s stock, valued at approximately $11,929,922.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Earl H. Nemser sold 10,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $103.53, for a total transaction of $1,035,300.00. Following the sale, the insider now directly owns 123,770 shares in the company, valued at approximately $12,813,908.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,000 shares of company stock worth $6,613,100. 3.21% of the stock is owned by company insiders.

Interactive Brokers Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Friday, May 31st. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.10. Interactive Brokers Group’s dividend payout ratio is currently 17.09%.

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.