Zacks Research Analysts Raise Earnings Estimates for IBKR

Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Stock analysts at Zacks Research lifted their Q4 2024 earnings per share estimates for shares of Interactive Brokers Group in a research note issued on Wednesday, November 27th. Zacks Research analyst R. Department now forecasts that the financial services provider will earn $1.70 per share for the quarter, up from their prior 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.

Interactive Brokers Group (NASDAQ:IBKR) last released 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 net margin of 7.89% and a return on equity of 4.83%. The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the firm earned $1.55 earnings per share.

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

Interactive Brokers Group Price Performance

IBKR stock opened at $191.09 on Monday. The business’s fifty day moving average price is $160.09 and its two-hundred day moving average price is $136.00. The stock has a market capitalization of $80.74 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 1.50 and a beta of 0.79. Interactive Brokers Group has a fifty-two week low of $76.89 and a fifty-two week high of $193.42.

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a yield of 0.52%. Interactive Brokers Group’s dividend payout ratio is currently 15.27%.

Institutional Investors Weigh In On Interactive Brokers Group

Several hedge funds have recently modified their holdings of the company. Tortoise Investment Management LLC grew its holdings in 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 worth $31,000 after acquiring an additional 111 shares during the last quarter. Fairfield Financial Advisors LTD bought a new stake in shares of Interactive Brokers Group in the second quarter worth $32,000. UMB Bank n.a. increased its holdings in Interactive Brokers Group by 350.0% in the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 224 shares during the period. Smithfield Trust Co raised its position in Interactive Brokers Group by 80.6% during the 3rd quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 154 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in Interactive Brokers Group during the 3rd quarter worth about $49,000. 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.