What is Zacks Research’s Estimate for IBKR Q3 Earnings?

Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Research analysts at Zacks Research issued their Q3 2024 earnings per share (EPS) estimates for shares of Interactive Brokers Group in a research note issued to investors on Monday, October 14th. Zacks Research analyst R. Department expects that the financial services provider will post earnings of $1.77 per share for the quarter. The consensus estimate for Interactive Brokers Group’s current full-year earnings is $6.92 per share. Zacks Research also issued estimates for Interactive Brokers Group’s FY2024 earnings at $6.85 EPS.

A number of other brokerages have also commented on IBKR. Jefferies Financial Group boosted their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Keefe, Bruyette & Woods lowered Interactive Brokers Group from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $128.00 to $135.00 in a report on Thursday, July 11th. UBS Group boosted their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Piper Sandler reissued an “overweight” rating and set a $163.00 price objective on shares of Interactive Brokers Group in a report on Wednesday. Finally, Barclays decreased their price objective on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a report on Wednesday. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $143.00.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $149.43 on Wednesday. The stock has a 50 day moving average price of $132.12 and a two-hundred day moving average price of $124.08. The firm has a market capitalization of $62.92 billion, a P/E ratio of 25.54, a P/E/G ratio of 1.34 and a beta of 0.80. Interactive Brokers Group has a 52 week low of $72.60 and a 52 week high of $154.75.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. The firm had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm earned $1.55 earnings per share.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.25 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.67%. Interactive Brokers Group’s payout ratio is presently 17.09%.

Hedge Funds Weigh In On Interactive Brokers Group

Several institutional investors have recently bought and sold shares of IBKR. Rise Advisors LLC purchased a new position in Interactive Brokers Group in the first quarter valued at approximately $30,000. Tortoise Investment Management LLC lifted its stake in Interactive Brokers Group by 76.6% in the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 111 shares during the last quarter. Fairfield Financial Advisors LTD purchased a new position in Interactive Brokers Group in the second quarter valued at approximately $32,000. Kapitalo Investimentos Ltda lifted its stake in Interactive Brokers Group by 278.0% in the fourth quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 353 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in Interactive Brokers Group by 350.0% in the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 224 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

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.