Interactive Brokers Group, Inc. (IBKR) to Issue Quarterly Dividend of $0.25 on March 14th

Interactive Brokers Group, Inc. (NASDAQ:IBKR) announced a quarterly dividend on Tuesday, January 21st, Wall Street Journal reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.25 per share by the financial services provider on Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Friday, February 28th.

Interactive Brokers Group has increased its dividend by an average of 28.6% per year over the last three years. Interactive Brokers Group has a payout ratio of 12.6% indicating that its dividend is sufficiently covered by earnings. 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 $1.00 annual dividend with an expected future payout ratio of 12.3%.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $200.94 on Wednesday. Interactive Brokers Group has a 12 month low of $103.69 and a 12 month high of $236.53. The company has a market capitalization of $84.90 billion, a P/E ratio of 28.46, a PEG ratio of 1.59 and a beta of 0.89. The company’s 50 day simple moving average is $202.52 and its 200 day simple moving average is $169.49.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.22. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.52 earnings per share. On average, analysts anticipate that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Jill Bright purchased 135 shares of Interactive Brokers Group stock in a transaction dated Friday, January 31st. The stock was acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now directly owns 2,476 shares in the company, valued at $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 3.21% of the company’s stock.

Wall Street Analysts Forecast Growth

IBKR has been the subject of several analyst reports. UBS Group upped their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. The Goldman Sachs Group upped their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Piper Sandler restated an “overweight” rating and set a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Barclays raised their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Citigroup boosted 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. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Interactive Brokers Group has a consensus rating of “Moderate Buy” and an average price target of $204.13.

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.