Zacks Research Comments on Interactive Brokers Group, Inc.’s Q1 2024 Earnings (NASDAQ:IBKR)

Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Investment analysts at Zacks Research raised their Q1 2024 earnings per share estimates for shares of Interactive Brokers Group in a research note issued to investors on Monday, April 15th. Zacks Research analyst S. Shah now forecasts that the financial services provider will post earnings of $1.60 per share for the quarter, up from their previous forecast of $1.56. The consensus estimate for Interactive Brokers Group’s current full-year earnings is $6.36 per share. Zacks Research also issued estimates for Interactive Brokers Group’s Q2 2024 earnings at $1.51 EPS, Q3 2024 earnings at $1.50 EPS, Q4 2024 earnings at $1.45 EPS, FY2024 earnings at $6.06 EPS, Q1 2025 earnings at $1.50 EPS, Q2 2025 earnings at $1.38 EPS, Q3 2025 earnings at $1.40 EPS, Q4 2025 earnings at $1.48 EPS, FY2025 earnings at $5.76 EPS, Q1 2026 earnings at $1.41 EPS and FY2026 earnings at $5.60 EPS.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Interactive Brokers Group had a return on equity of 4.66% and a net margin of 7.72%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.30 EPS.

Several other analysts have also recently commented on the company. Bank of America lifted their price target on Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday. Piper Sandler lifted their price target on 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 Interactive Brokers Group from a “neutral” rating to a “buy” rating and lifted their price target for the company from $88.00 to $102.00 in a report on Tuesday, January 9th. Citigroup lifted their price target on Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, UBS Group lowered their price target on Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a report on Tuesday, January 9th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $120.00.

Interactive Brokers Group Trading Up 1.7 %

Interactive Brokers Group stock opened at $109.23 on Tuesday. The stock has a market cap of $45.99 billion, a PE ratio of 19.30, a P/E/G ratio of 1.24 and a beta of 0.83. The stock has a 50-day moving average price of $108.19 and a 200 day moving average price of $92.55. Interactive Brokers Group has a 52 week low of $70.83 and a 52 week high of $116.92.

Institutional Investors Weigh In On Interactive Brokers Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank bought a new position in Interactive Brokers Group during the 4th quarter worth $97,717,000. FMR LLC grew its stake in Interactive Brokers Group by 211.7% during the 3rd quarter. FMR LLC now owns 1,773,533 shares of the financial services provider’s stock worth $153,517,000 after buying an additional 1,204,573 shares during the last quarter. Vanguard Group Inc. grew its stake in Interactive Brokers Group by 7.0% during the 3rd quarter. Vanguard Group Inc. now owns 9,035,116 shares of the financial services provider’s stock worth $577,435,000 after buying an additional 592,266 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Interactive Brokers Group by 122.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock worth $78,855,000 after buying an additional 524,503 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in Interactive Brokers Group during the 4th quarter worth $33,544,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, insider Thomas Aj Frank sold 50,300 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $90.53, for a total value of $4,553,659.00. Following the transaction, the insider now directly owns 445,352 shares of the company’s stock, valued at approximately $40,317,716.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Vice Chairman Earl H. Nemser sold 25,782 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $95.71, for a total transaction of $2,467,595.22. Following the sale, the insider now directly owns 208,770 shares of the company’s stock, valued at approximately $19,981,376.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas Aj Frank sold 50,300 shares of the company’s stock in a transaction that occurred 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 $40,317,716.56. The disclosure for this sale can be found here. Insiders have sold a total of 428,883 shares of company stock valued at $40,395,135 in the last three months. Corporate insiders own 3.21% of the company’s stock.

Interactive Brokers Group Company Profile

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.