Interactive Brokers Group (NASDAQ:IBKR) Releases Earnings Results, Misses Expectations By $0.03 EPS

Interactive Brokers Group (NASDAQ:IBKR) released its quarterly earnings data on Tuesday. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03), Yahoo Finance reports. 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 period in the previous year, the business earned $1.55 earnings per share.

Interactive Brokers Group Trading Down 4.0 %

Shares of NASDAQ:IBKR opened at $146.78 on Thursday. Interactive Brokers Group has a twelve month low of $72.60 and a twelve month high of $154.75. The firm has a market cap of $61.81 billion, a P/E ratio of 25.09, a P/E/G ratio of 1.34 and a beta of 0.80. The company has a 50 day moving average of $131.45 and a 200-day moving average of $123.90.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is 17.09%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on IBKR. Keefe, Bruyette & Woods cut Interactive Brokers Group from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $128.00 to $135.00 in a report on Thursday, July 11th. UBS Group raised 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. Piper Sandler reiterated an “overweight” rating and set a $163.00 price target on shares of Interactive Brokers Group in a report on Wednesday. Jefferies Financial Group lifted their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Finally, Barclays reduced their price target on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus target price of $143.00.

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.