Zacks Research Comments on Interactive Brokers Group, Inc.’s Q3 2024 Earnings (NASDAQ:IBKR)

Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Stock analysts at Zacks Research issued their Q3 2024 earnings per share (EPS) estimates for Interactive Brokers Group in a report issued on Monday, October 14th. Zacks Research analyst R. Department expects that the financial services provider will earn $1.77 per share for the quarter. 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 FY2024 earnings at $6.85 EPS.

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

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $146.78 on Wednesday. The stock has a 50-day moving average price of $131.45 and a 200 day moving average price of $123.90. Interactive Brokers Group has a one year low of $72.60 and a one year high of $154.75. The company has a market capitalization of $61.81 billion, a P/E ratio of 25.09, a P/E/G ratio of 1.34 and a beta of 0.80.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results 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 business had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. During the same period in the prior year, the company posted $1.55 EPS.

Institutional Trading of Interactive Brokers Group

Institutional investors have recently made changes to their positions in the stock. Rise Advisors LLC purchased a new position in Interactive Brokers Group in the first quarter valued at about $30,000. Tortoise Investment Management LLC increased its holdings in shares of Interactive Brokers Group by 76.6% during the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 111 shares during the last quarter. Fairfield Financial Advisors LTD acquired a new position in shares of Interactive Brokers Group during the 2nd quarter valued at about $32,000. Kapitalo Investimentos Ltda increased its holdings in shares of Interactive Brokers Group by 278.0% during the 4th quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 353 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of Interactive Brokers Group by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 224 shares during the last quarter. 23.80% of the stock is currently 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.