Interactive Brokers Group, Inc. (NASDAQ:IBKR) Declares Quarterly Dividend of $0.32

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) declared a quarterly dividend on Monday, April 14th, NASDAQ Dividends reports. Investors of record on Friday, May 30th will be paid a dividend of 0.32 per share by the financial services provider on Friday, June 13th. This represents a $1.28 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Friday, May 30th. This is a 220.0% increase from Interactive Brokers Group's previous quarterly dividend of $0.10.

Interactive Brokers Group has increased its dividend by an average of 28.6% per year over the last three years and has raised its dividend every year for the last 2 years. Interactive Brokers Group has a dividend 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 Performance

IBKR traded down $1.63 during trading on Friday, reaching $207.67. 1,877,503 shares of the stock were exchanged, compared to its average volume of 1,399,426. The stock has a market cap of $87.76 billion, a P/E ratio of 29.42, a price-to-earnings-growth ratio of 1.59 and a beta of 1.19. Interactive Brokers Group has a twelve month low of $103.69 and a twelve month high of $236.53. The stock's 50 day moving average price is $178.57 and its two-hundred day moving average price is $188.54.

Shares of Interactive Brokers Group are going to split on Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly created shares will be issued to shareholders after the closing bell on Tuesday, June 17th.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $1.88 EPS for the quarter, missing the consensus estimate of $1.92 by ($0.04). Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. Equities research analysts predict that Interactive Brokers Group will post 7.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on IBKR shares. The Goldman Sachs Group upped their price objective on shares of Interactive Brokers Group from $212.00 to $240.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Piper Sandler decreased their price objective on shares of Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Bank of America decreased their price objective on shares of Interactive Brokers Group from $265.00 to $243.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Barclays upped their price objective on shares of Interactive Brokers Group from $188.00 to $193.00 and gave the company an "overweight" rating in a report on Wednesday, April 16th. Finally, Wall Street Zen upgraded shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $213.50.

Institutional Investors Weigh In On Interactive Brokers Group

An institutional investor recently raised its position in Interactive Brokers Group stock. AQR Capital Management LLC increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 24.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,704 shares of the financial services provider's stock after purchasing an additional 2,713 shares during the quarter. AQR Capital Management LLC's holdings in Interactive Brokers Group were worth $2,269,000 at the end of the most recent reporting period. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

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.