Interactive Brokers Group, Inc. (NASDAQ:IBKR) to Post Q1 2023 Earnings of $1.34 Per Share, Zacks Research Forecasts

Defense World · Mar 20, 2023 13:34

Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating) – Analysts at Zacks Research issued their Q1 2023 earnings per share (EPS) estimates for Interactive Brokers Group in a research note issued on Wednesday, March 15th. Zacks Research analyst S. Shah forecasts that the financial services provider will earn $1.34 per share for the quarter. The consensus estimate for Interactive Brokers Group's current full-year earnings is $5.46 per share. Zacks Research also issued estimates for Interactive Brokers Group's Q2 2023 earnings at $1.33 EPS, Q3 2023 earnings at $1.32 EPS, Q4 2023 earnings at $1.26 EPS, FY2023 earnings at $5.25 EPS, Q1 2024 earnings at $1.27 EPS, Q2 2024 earnings at $1.41 EPS, Q3 2024 earnings at $1.37 EPS, Q4 2024 earnings at $1.29 EPS, FY2024 earnings at $5.34 EPS and FY2025 earnings at $5.59 EPS.

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Interactive Brokers Group (NASDAQ:IBKR – Get Rating) last issued its quarterly earnings results on Tuesday, January 17th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.14. The business had revenue of $976.00 million for the quarter, compared to the consensus estimate of $926.75 million. Interactive Brokers Group had a return on equity of 3.77% and a net margin of 9.30%.

IBKR has been the subject of several other research reports. Jefferies Financial Group upped their price target on shares of Interactive Brokers Group from $91.00 to $104.00 and gave the stock a "buy" rating in a research report on Tuesday, March 7th. Barclays upped their price target on shares of Interactive Brokers Group from $90.00 to $96.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 18th. Finally, StockNews.com began coverage on shares of Interactive Brokers Group in a research report on Thursday. They set a "hold" rating for the company. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Interactive Brokers Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $96.17.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $75.79 on Monday. Interactive Brokers Group has a one year low of $52.18 and a one year high of $90.19. The firm has a market cap of $31.80 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 0.55 and a beta of 0.79. The firm's fifty day moving average is $82.41 and its two-hundred day moving average is $76.02.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 14th. Stockholders of record on Wednesday, March 1st were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.53%. Interactive Brokers Group's dividend payout ratio (DPR) is currently 10.70%.

Insider Buying and Selling

In other news, Chairman Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock in a transaction dated Wednesday, January 11th. The shares were sold at an average price of $75.71, for a total value of $1,514,200.00. Following the sale, the chairman now owns 1,836,105 shares of the company's stock, valued at $139,011,509.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 160,000 shares of company stock worth $12,393,800 in the last ninety days. 5.72% of the stock is owned by corporate insiders.

Institutional Trading of Interactive Brokers Group

Institutional investors have recently added to or reduced their stakes in the stock. CWM LLC lifted its holdings in shares of Interactive Brokers Group by 20.5% in the third quarter. CWM LLC now owns 787 shares of the financial services provider's stock valued at $50,000 after purchasing an additional 134 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Interactive Brokers Group in the second quarter valued at approximately $407,000. NewEdge Wealth LLC raised its position in shares of Interactive Brokers Group by 64.7% in the second quarter. NewEdge Wealth LLC now owns 31,796 shares of the financial services provider's stock valued at $1,749,000 after buying an additional 12,493 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Interactive Brokers Group by 19.3% in the third quarter. Oregon Public Employees Retirement Fund now owns 29,984 shares of the financial services provider's stock valued at $1,916,000 after buying an additional 4,843 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in Interactive Brokers Group by 40.3% during the third quarter. California Public Employees Retirement System now owns 216,151 shares of the financial services provider's stock worth $13,814,000 after purchasing an additional 62,113 shares during the last quarter. Hedge funds and other institutional investors own 97.84% of the company's stock.

Interactive Brokers Group Company Profile

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Interactive Brokers Group, Inc operates as an investment holding company, which engages in broker or dealer and proprietary trading businesses. It operates through the following segments: Electronic Brokerage and Corporate. The Electronic Brokerage segment is a direct market access broker, which serves the customers of both traditional brokers and prime brokers.