Zacks Research Has Positive Outlook for IBKR FY2024 Earnings

Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Analysts at Zacks Research raised their FY2024 earnings per share (EPS) estimates for Interactive Brokers Group in a research note issued to investors on Wednesday, January 8th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $6.74 for the year, up from their prior estimate of $6.71. 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 Q4 2024 earnings at $1.73 EPS, Q1 2025 earnings at $1.74 EPS, Q2 2025 earnings at $1.66 EPS, Q3 2025 earnings at $1.70 EPS, FY2025 earnings at $6.82 EPS, Q1 2026 earnings at $1.77 EPS, Q2 2026 earnings at $1.73 EPS, Q3 2026 earnings at $1.74 EPS and FY2026 earnings at $7.00 EPS.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the business posted $1.55 earnings per share.

A number of other brokerages have also weighed in on IBKR. 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 note on Tuesday, October 8th. Barclays raised their price target on Interactive Brokers Group from $165.00 to $214.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Piper Sandler raised their price target on Interactive Brokers Group from $163.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday. Citigroup raised their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday. Finally, Keefe, Bruyette & Woods raised their price target on Interactive Brokers Group from $152.00 to $190.00 and gave the company a “market perform” rating in a report on Friday, December 20th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $188.25.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $185.21 on Thursday. Interactive Brokers Group has a twelve month low of $83.86 and a twelve month high of $193.42. The firm has a market cap of $78.26 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87. The business has a fifty day moving average of $180.71 and a 200-day moving average of $147.56.

Hedge Funds Weigh In On Interactive Brokers Group

Several institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in shares of Interactive Brokers Group by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider’s stock valued at $559,821,000 after purchasing an additional 11,379 shares during the period. State Street Corp grew its position in shares of Interactive Brokers Group by 1.7% in the 3rd quarter. State Street Corp now owns 3,222,135 shares of the financial services provider’s stock valued at $449,037,000 after purchasing an additional 52,911 shares during the period. Greenwich Wealth Management LLC grew its position in shares of Interactive Brokers Group by 0.3% in the 2nd quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider’s stock valued at $365,271,000 after purchasing an additional 8,038 shares during the period. Marshall Wace LLP lifted its stake in Interactive Brokers Group by 23.8% in the 2nd quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock valued at $307,365,000 after acquiring an additional 481,826 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Interactive Brokers Group by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider’s stock valued at $287,921,000 after acquiring an additional 106,392 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Friday, November 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 15.27%.

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.