Interactive Brokers Group, Inc. (NASDAQ:IBKR) Declares Dividend Increase – $0.25 Per Share

Interactive Brokers Group, Inc. (NASDAQ:IBKR) declared a quarterly dividend on Tuesday, April 16th, Zacks reports. Stockholders of record on Friday, May 31st will be given a dividend of 0.25 per share by the financial services provider on Friday, June 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.92%. 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 has a dividend payout ratio of 6.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Interactive Brokers Group to earn $6.32 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 6.3%.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $109.23 on Thursday. The stock has a market capitalization of $45.99 billion, a P/E ratio of 18.67, a P/E/G ratio of 1.22 and a beta of 0.83. The company’s 50-day moving average is $108.19 and its 200 day moving average is $92.55. Interactive Brokers Group has a 1 year low of $70.83 and a 1 year high of $116.92.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Interactive Brokers Group had a return on equity of 4.84% and a net margin of 7.62%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the firm earned $1.30 earnings per share. Interactive Brokers Group’s revenue was up 16.7% on a year-over-year basis. Research analysts anticipate that Interactive Brokers Group will post 6.36 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Citigroup raised their price target on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Barclays raised their price objective on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday. Piper Sandler upped their target price on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, April 12th. The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $88.00 to $102.00 in a research report on Tuesday, January 9th. Finally, UBS Group cut their price objective on shares of Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a research report on Tuesday, January 9th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus price target of $124.00.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, insider Thomas Aj Frank sold 50,300 shares of Interactive Brokers Group stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $90.53, for a total value of $4,553,659.00. Following the sale, the insider now directly owns 445,352 shares in the company, valued at approximately $40,317,716.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Vice Chairman Earl H. Nemser sold 74,218 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $96.29, for a total transaction of $7,146,451.22. Following the sale, the insider now owns 234,552 shares of the company’s stock, valued at $22,585,012.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Thomas Aj Frank sold 50,300 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $90.53, for a total transaction of $4,553,659.00. Following the completion of the sale, the insider now owns 445,352 shares in the company, valued at $40,317,716.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 428,883 shares of company stock valued at $40,395,135. 3.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On Interactive Brokers Group

Several large investors have recently modified their holdings of the stock. Cresset Asset Management LLC bought a new position in Interactive Brokers Group during the fourth quarter valued at $222,000. Captrust Financial Advisors grew its stake in shares of Interactive Brokers Group by 4.1% during the third quarter. Captrust Financial Advisors now owns 3,449 shares of the financial services provider’s stock valued at $220,000 after buying an additional 135 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Interactive Brokers Group by 7.5% in the fourth quarter. Kestra Advisory Services LLC now owns 2,609 shares of the financial services provider’s stock worth $216,000 after buying an additional 183 shares during the period. Gamco Investors INC. ET AL bought a new stake in shares of Interactive Brokers Group during the 1st quarter worth approximately $211,000. Finally, Commonwealth Equity Services LLC purchased a new position in Interactive Brokers Group during the 3rd quarter valued at $209,000. Institutional investors 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.