Analysts Offer Predictions for Interactive Brokers Group, Inc.’s Q4 2024 Earnings (NASDAQ:IBKR)

Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Analysts at Zacks Research raised their Q4 2024 EPS estimates for Interactive Brokers Group in a note issued to investors on Monday, October 14th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings of $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 posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the firm posted $1.55 earnings per share.

Several other research firms also recently commented on IBKR. Keefe, Bruyette & Woods downgraded shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $128.00 to $135.00 in a research note on Thursday, July 11th. UBS Group lifted their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Barclays decreased their target price on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a research report on Wednesday. Jefferies Financial Group boosted their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, Piper Sandler restated an “overweight” rating and set a $163.00 target price on shares of Interactive Brokers Group in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and an average price target of $143.00.

Interactive Brokers Group Trading Down 4.0 %

NASDAQ:IBKR opened at $146.78 on Tuesday. Interactive Brokers Group has a 12 month low of $72.60 and a 12 month high of $154.75. The firm has a fifty day simple moving average of $131.45 and a 200-day simple moving average of $123.90. The company has a market capitalization of $61.81 billion, a P/E ratio of 25.09, a PEG ratio of 1.34 and a beta of 0.80.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IBKR. Millennium Management LLC raised its position 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 period. Goldman Sachs Group Inc. increased its stake in shares of Interactive Brokers Group by 122.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock worth $78,855,000 after purchasing an additional 524,503 shares in the last quarter. Marshall Wace LLP increased its stake in shares of Interactive Brokers Group by 23.8% during the second quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock worth $307,365,000 after purchasing an additional 481,826 shares in the last quarter. Bares Capital Management Inc. increased its stake in shares of Interactive Brokers Group by 10.4% during the first quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider’s stock worth $313,920,000 after purchasing an additional 264,543 shares in the last quarter. Finally, Scout Investments Inc. purchased a new stake in shares of Interactive Brokers Group during the first quarter worth about $18,335,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

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.