Research Analysts Offer Predictions for IBKR FY2024 Earnings

Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Stock analysts at Zacks Research increased their FY2024 earnings per share (EPS) estimates for shares of Interactive Brokers Group in a research report issued to clients and investors on Wednesday, January 8th. Zacks Research analyst R. Department now forecasts that the financial services provider will earn $6.74 per share for the year, up from their previous forecast of $6.71. The consensus estimate for Interactive Brokers Group’s current full-year earnings is $6.82 per share. Zacks Research also issued estimates for Interactive Brokers Group’s Q4 2024 earnings at $1.73 EPS, Q1 2025 earnings at $1.74 EPS, Q2 2025 earnings at $1.66 EPS, Q3 2025 earnings at $1.70 EPS, FY2025 earnings at $6.82 EPS, Q1 2026 earnings at $1.77 EPS, Q2 2026 earnings at $1.73 EPS, Q3 2026 earnings at $1.74 EPS and FY2026 earnings at $7.00 EPS.

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 the consensus estimate of $1.78 by ($0.03). The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. During the same period in the previous year, the firm earned $1.55 earnings per share.

Several other analysts have also recently weighed in on IBKR. The Goldman Sachs Group lifted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. 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 target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Keefe, Bruyette & Woods upped their price objective on shares of Interactive Brokers Group from $152.00 to $190.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Finally, Barclays increased their price objective on shares of Interactive Brokers Group from $165.00 to $214.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $177.63.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $190.89 on Thursday. The company has a market cap of $80.66 billion, a PE ratio of 29.14, a P/E/G ratio of 1.41 and a beta of 0.87. The stock’s 50-day moving average is $179.94 and its 200 day moving average is $147.25. Interactive Brokers Group has a 1 year low of $83.86 and a 1 year high of $193.42.

Institutional Trading of Interactive Brokers Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Aurora Investment Counsel purchased a new position in shares of Interactive Brokers Group during the third quarter valued at about $1,693,000. Versor Investments LP purchased a new stake in shares of Interactive Brokers Group during the 3rd quarter worth approximately $474,000. Waverton Investment Management Ltd bought a new position in shares of Interactive Brokers Group during the 3rd quarter valued at approximately $26,946,000. DRW Securities LLC bought a new stake in Interactive Brokers Group in the third quarter worth $2,977,000. Finally, Geode Capital Management LLC raised its stake in Interactive Brokers Group by 5.4% during the third quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider’s stock valued at $287,921,000 after purchasing an additional 106,392 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.52%. Interactive Brokers Group’s dividend payout ratio is 15.27%.

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.