Interactive Brokers Group, Inc. (NASDAQ:IBKR) Declares Quarterly Dividend of $0.25

Interactive Brokers Group, Inc. (NASDAQ:IBKR) announced a quarterly dividend on Tuesday, October 15th, Zacks reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.25 per share by the financial services provider on Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, November 29th.

Interactive Brokers Group has a payout ratio of 14.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Interactive Brokers Group to earn $6.89 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 14.5%.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $146.78 on Thursday. Interactive Brokers Group has a 52 week low of $72.60 and a 52 week high of $154.75. The company has a market capitalization of $61.81 billion, a PE ratio of 25.09, a PEG ratio of 1.34 and a beta of 0.80. The company’s 50 day moving average price is $131.45 and its 200 day moving average price is $123.90.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the firm earned $1.55 EPS. On average, equities analysts forecast that Interactive Brokers Group will post 6.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

IBKR has been the topic of a number of research reports. Keefe, Bruyette & Woods downgraded Interactive Brokers Group from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $128.00 to $135.00 in a report on Thursday, July 11th. UBS Group increased their price target 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. Jefferies Financial Group lifted their price objective on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Piper Sandler reissued an “overweight” rating and set a $163.00 target price on shares of Interactive Brokers Group in a research report on Wednesday. Finally, Barclays reduced their price target on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus price target of $143.00.

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.