Interactive Brokers Group, Inc. (NASDAQ:IBKR) to Issue $0.08 Quarterly Dividend

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) announced a quarterly dividend on Friday, July 18th, Wall Street Journal reports. Shareholders of record on Monday, September 1st will be given a dividend of 0.08 per share by the financial services provider on Friday, September 12th. This represents a $0.32 annualized dividend and a yield of 0.50%. The ex-dividend date is Friday, August 29th.

Interactive Brokers Group has a payout ratio of 16.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Interactive Brokers Group to earn $8.11 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 15.8%.

Interactive Brokers Group Stock Up 7.8%

Shares of IBKR traded up $4.62 during trading hours on Friday, hitting $64.05. The company had a trading volume of 15,002,107 shares, compared to its average volume of 5,850,955. The firm has a market cap of $108.28 billion, a price-to-earnings ratio of 32.93, a PEG ratio of 2.91 and a beta of 1.25. The business has a fifty day moving average of $53.84 and a 200-day moving average of $49.40. Interactive Brokers Group has a 12 month low of $25.92 and a 12 month high of $65.74.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.05. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 5.06%. The company's revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.76 earnings per share. On average, equities analysts expect that Interactive Brokers Group will post 7.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Interactive Brokers Group

An institutional investor recently raised its position in Interactive Brokers Group stock. AQR Capital Management LLC boosted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 24.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,704 shares of the financial services provider's stock after buying an additional 2,713 shares during the period. AQR Capital Management LLC's holdings in Interactive Brokers Group were worth $2,269,000 at the end of the most recent quarter. 23.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

IBKR has been the topic of several research analyst reports. Citigroup raised their price target on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Piper Sandler raised their price target on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Barclays raised their price target on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a research report on Friday. The Goldman Sachs Group raised their price target on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, Bank of America lowered their price target on shares of Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating and seven have issued 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 $59.38.

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.