Interactive Brokers Group, Inc. (NASDAQ:IBKR) Plans $0.25 Quarterly Dividend

Interactive Brokers Group, Inc. (NASDAQ:IBKR) announced a quarterly dividend on Wednesday, January 22nd,Wall Street Journal reports. Investors 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 annualized dividend and a yield of 0.48%. 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 dividend payout ratio of 12.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Interactive Brokers Group to earn $7.33 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 13.6%.

Interactive Brokers Group Trading Down 0.6 %

Shares of NASDAQ:IBKR opened at $208.55 on Friday. The firm’s 50 day moving average is $185.31 and its two-hundred day moving average is $152.25. The firm has a market capitalization of $88.12 billion, a P/E ratio of 29.54, a PEG ratio of 1.49 and a beta of 0.87. Interactive Brokers Group has a 52 week low of $88.22 and a 52 week high of $212.84.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1,372,590.34 billion. During the same quarter in the previous year, the firm posted $1.52 EPS. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. Analysts predict that Interactive Brokers Group will post 7.39 EPS for the current year.

Analyst Upgrades and Downgrades

IBKR has been the subject of several recent analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. Jefferies Financial Group lifted their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Barclays upped their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday. Finally, Citigroup raised their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, January 10th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $192.25.

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.