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

Interactive Brokers Group (NASDAQ:IBKR) issued its earnings results on Tuesday. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03), Yahoo Finance reports. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the firm earned $1.55 earnings per share.

Interactive Brokers Group Trading Down 4.0 %

Shares of IBKR stock opened at $146.78 on Thursday. The firm has a market capitalization of $61.81 billion, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 1.34 and a beta of 0.80. Interactive Brokers Group has a 1 year low of $72.60 and a 1 year high of $154.75. The firm’s fifty day simple moving average is $131.45 and its 200 day simple moving average is $123.90.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 annualized dividend and a dividend yield of 0.68%. Interactive Brokers Group’s payout ratio is 17.09%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on IBKR shares. Jefferies Financial Group increased their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. UBS Group increased their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Barclays reduced their target price on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a research note on Wednesday. Piper Sandler reissued an “overweight” rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a research note on Wednesday. Finally, Keefe, Bruyette & Woods cut shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $128.00 to $135.00 in a research note on Thursday, July 11th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.