Interactive Brokers Group, Inc. (NASDAQ:IBKR) Expected to Post Q3 2024 Earnings of $1.77 Per Share

Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Investment analysts at Zacks Research issued their Q3 2024 earnings per share estimates for shares of Interactive Brokers Group in a research note issued to investors on Monday, October 14th. Zacks Research analyst R. Department forecasts 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 analysts have also commented on IBKR. Piper Sandler increased their price objective on Interactive Brokers Group from $140.00 to $163.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Barclays raised their price target on shares of Interactive Brokers Group from $147.00 to $166.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. UBS Group boosted their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods lowered shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $128.00 to $135.00 in a research report on Thursday, July 11th. Finally, Jefferies Financial Group boosted their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $143.11.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $152.98 on Wednesday. Interactive Brokers Group has a fifty-two week low of $72.60 and a fifty-two week high of $154.75. The company has a market capitalization of $64.41 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 1.34 and a beta of 0.80. The stock has a fifty day moving average of $130.77 and a two-hundred day moving average of $123.74.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.02. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.32 EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new position in Interactive Brokers Group in the first quarter valued at about $30,000. Tortoise Investment Management LLC lifted its stake in Interactive Brokers Group by 76.6% during the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 111 shares during the last quarter. Fairfield Financial Advisors LTD bought a new position in Interactive Brokers Group during the second quarter worth $32,000. Kapitalo Investimentos Ltda boosted its holdings 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 worth $40,000 after purchasing an additional 353 shares during the period. Finally, UMB Bank n.a. lifted its position in shares of Interactive Brokers Group by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after buying an additional 224 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

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.