Interactive Brokers Group (NASDAQ:IBKR) Sets New 1-Year High on Better-Than-Expected Earnings

Interactive Brokers Group, Inc. (NASDAQ:IBKR) reached a new 52-week high during trading on Tuesday following a better than expected earnings announcement. The stock traded as high as $194.87 and last traded at $192.34, with a volume of 170508 shares. The stock had previously closed at $190.09.

The financial services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.11% and a net margin of 9.25%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1,372,590.34 billion. During the same quarter in the prior year, the firm posted $1.52 EPS. The business’s revenue was up 21.8% on a year-over-year basis.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.25 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.48%. Interactive Brokers Group’s payout ratio is currently 14.16%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on IBKR. UBS Group increased their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Piper Sandler restated an “overweight” rating and issued a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday. Keefe, Bruyette & Woods upped their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research note on Monday, January 13th. Citigroup raised their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Barclays upped their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.25.

Institutional Investors Weigh In On Interactive Brokers Group

Hedge funds have recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. bought a new position in shares of Interactive Brokers Group in the fourth quarter valued at about $25,000. Versant Capital Management Inc raised its holdings in Interactive Brokers Group by 66.4% in the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 71 shares during the period. Blue Trust Inc. lifted its position in Interactive Brokers Group by 90.7% during the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 88 shares during the last quarter. Harbor Investment Advisory LLC lifted its position in Interactive Brokers Group by 100.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 100 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Interactive Brokers Group by 350.0% during the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 224 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

The company has a market cap of $88.64 billion, a price-to-earnings ratio of 29.71, a P/E/G ratio of 1.40 and a beta of 0.87. The firm has a 50-day moving average price of $184.70 and a 200 day moving average price of $151.85.

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.