Interactive Brokers Group (NASDAQ:IBKR) Issues Earnings Results

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) announced its quarterly earnings results on Tuesday. The financial services provider reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.92 by ($0.04), Zacks reports. The business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%.

Interactive Brokers Group Price Performance

Shares of IBKR stock traded up $1.62 on Friday, hitting $159.52. The stock had a trading volume of 2,278,383 shares, compared to its average volume of 1,347,413. The firm has a market capitalization of $67.41 billion, a P/E ratio of 22.59, a P/E/G ratio of 1.59 and a beta of 1.02. The company's 50 day moving average price is $183.78 and its 200-day moving average price is $181.55. Interactive Brokers Group has a 1 year low of $103.69 and a 1 year high of $236.53.

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

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.63%. Interactive Brokers Group's dividend payout ratio is currently 14.16%.

Insiders Place Their Bets

In related news, Director Jill Bright acquired 135 shares of Interactive Brokers Group stock in a transaction dated Friday, January 31st. The shares were acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the purchase, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.99% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. UBS Group raised their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a report on Monday, January 27th. Piper Sandler cut their price objective on shares of Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Barclays upped their price target on Interactive Brokers Group from $188.00 to $193.00 and gave the company an "overweight" rating in a research report on Wednesday. Citigroup lowered their price objective on Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Finally, StockNews.com lowered Interactive Brokers Group from a "hold" rating to a "sell" rating in a report on Friday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Interactive Brokers Group currently has a consensus rating of "Moderate Buy" and an average price target of $207.88.

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.