Interactive Brokers Group (NASDAQ:IBKR) Releases Quarterly Earnings Results, Beats Estimates By $0.22 EPS

Interactive Brokers Group (NASDAQ:IBKR) issued its quarterly earnings results on Tuesday. The financial services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $1.81 by $0.22, Briefing.com reports. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1,372,590.34 billion. During the same quarter in the previous year, the company earned $1.52 EPS. Interactive Brokers Group’s revenue was up 21.8% on a year-over-year basis.

Interactive Brokers Group Stock Performance

NASDAQ IBKR traded up $2.74 during trading on Tuesday, hitting $192.83. The stock had a trading volume of 1,954,278 shares, compared to its average volume of 1,258,609. The company’s 50-day moving average price is $183.81 and its two-hundred day moving average price is $150.96. Interactive Brokers Group has a 12 month low of $88.22 and a 12 month high of $194.87. The company has a market capitalization of $81.47 billion, a PE ratio of 29.44, a P/E/G ratio of 1.38 and a beta of 0.87.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Citigroup increased their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Jefferies Financial Group raised their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Piper Sandler upped their price target on Interactive Brokers Group from $163.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group boosted their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Finally, Barclays lifted their price target on shares of Interactive Brokers Group from $214.00 to $224.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.13.

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.