FY2023 Earnings Estimate for Interactive Brokers Group, Inc. (NASDAQ:IBKR) Issued By Zacks Research

Posted by Defense World Staff on Oct 6th, 2023

Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) – Stock analysts at Zacks Research decreased their FY2023 earnings per share estimates for shares of Interactive Brokers Group in a note issued to investors on Tuesday, October 3rd. Zacks Research analyst S. Shah now expects that the financial services provider will post earnings per share of $5.53 for the year, down from their prior estimate of $5.54. The consensus estimate for Interactive Brokers Group’s current full-year earnings is $5.62 per share. Zacks Research also issued estimates for Interactive Brokers Group’s Q1 2024 earnings at $1.46 EPS, Q2 2024 earnings at $1.35 EPS, Q3 2024 earnings at $1.46 EPS, Q4 2024 earnings at $1.35 EPS, FY2024 earnings at $5.62 EPS, Q1 2025 earnings at $1.33 EPS and Q3 2025 earnings at $1.26 EPS.

Several other equities analysts have also issued reports on the company. The Goldman Sachs Group assumed coverage on Interactive Brokers Group in a research report on Tuesday, September 19th. They set a “neutral” rating and a $97.00 price target on the stock. Barclays raised their price target on Interactive Brokers Group from $97.00 to $106.00 in a research report on Thursday, July 13th. StockNews.com assumed coverage on Interactive Brokers Group in a research report on Thursday. They set a “hold” rating on the stock. Finally, UBS Group assumed coverage on Interactive Brokers Group in a research report on Tuesday. They set a “buy” rating and a $113.00 price target on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $111.14.

Check Out Our Latest Stock Analysis on IBKR

Interactive Brokers Group Trading Up 1.7 %

Shares of NASDAQ IBKR opened at $87.91 on Thursday. The stock has a market cap of $37.01 billion, a price-to-earnings ratio of 17.94, a P/E/G ratio of 0.77 and a beta of 0.79. Interactive Brokers Group has a 1-year low of $66.89 and a 1-year high of $95.59. The stock’s 50-day moving average is $90.46 and its 200 day moving average is $83.76.

Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.08). The firm had revenue of $1,000.00 million for the quarter, compared to analysts’ expectations of $1.06 billion. Interactive Brokers Group had a net margin of 8.14% and a return on equity of 4.41%. The business’s quarterly revenue was up 52.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 earnings per share.

Institutional Investors Weigh In On Interactive Brokers Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IBKR. Guggenheim Capital LLC grew its stake in shares of Interactive Brokers Group by 43.7% in the first quarter. Guggenheim Capital LLC now owns 7,121 shares of the financial services provider’s stock worth $588,000 after acquiring an additional 2,165 shares during the last quarter. Chiron Investment Management LLC purchased a new stake in Interactive Brokers Group in the first quarter worth about $3,068,000. Thrive Wealth Management LLC purchased a new stake in Interactive Brokers Group in the first quarter worth about $227,000. Raleigh Capital Management Inc. grew its position in shares of Interactive Brokers Group by 25.4% during the first quarter. Raleigh Capital Management Inc. now owns 909 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 184 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Interactive Brokers Group by 41.4% during the first quarter. Envestnet Asset Management Inc. now owns 331,635 shares of the financial services provider’s stock worth $27,380,000 after purchasing an additional 97,106 shares in the last quarter. 21.56% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Paul Jonathan Brody sold 11,747 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $94.64, for a total transaction of $1,111,736.08. Following the transaction, the chief financial officer now directly owns 488,253 shares of the company’s stock, valued at $46,208,263.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Thomas Aj Frank sold 21,246 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $92.47, for a total value of $1,964,617.62. Following the sale, the insider now directly owns 988,054 shares of the company’s stock, valued at $91,365,353.38. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Paul Jonathan Brody sold 11,747 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $94.64, for a total value of $1,111,736.08. Following the completion of the sale, the chief financial officer now directly owns 488,253 shares in the company, valued at $46,208,263.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 314,569 shares of company stock valued at $28,288,214. Company insiders own 3.34% of the company’s stock.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Friday, September 1st were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, August 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.46%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 8.16%.

Interactive Brokers Group Company Profile

(Get Free Report)

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in routing, executing, and processing trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.