Interactive Brokers Group (NASDAQ:IBKR) Announces Quarterly Earnings Results, Beats Estimates By $0.22 EPS

Interactive Brokers Group (NASDAQ:IBKR) released its quarterly earnings data on Tuesday. The financial services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $1.81 by $0.22, Briefing.com reports. Interactive Brokers Group had a return on equity of 5.11% and a net margin of 9.25%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1,372,590.34 billion. During the same period last year, the business posted $1.52 EPS. Interactive Brokers Group’s quarterly revenue was up 21.8% on a year-over-year basis.

Interactive Brokers Group Trading Up 8.8 %

Shares of IBKR stock opened at $209.78 on Thursday. Interactive Brokers Group has a 12-month low of $88.22 and a 12-month high of $211.14. The business’s fifty day simple moving average is $184.70 and its 200-day simple moving average is $151.85. The company has a market cap of $88.64 billion, a PE ratio of 29.71, a PEG ratio of 1.40 and a beta of 0.87.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

Wall Street Analyst Weigh In

IBKR has been the topic of several research reports. Keefe, Bruyette & Woods raised their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. The Goldman Sachs Group raised their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Piper Sandler reaffirmed an “overweight” rating and issued a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday. Barclays increased their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, UBS Group boosted their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.25.

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.