Interactive Brokers Group, Inc. (NASDAQ:IBKR) Announces Dividend Increase – $0.25 Per Share

Interactive Brokers Group, Inc. (NASDAQ:IBKR) declared a quarterly dividend on Tuesday, April 16th, Zacks reports. Investors of record on Friday, May 31st will be paid a dividend of 0.25 per share by the financial services provider on Friday, June 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Friday, May 31st. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10.

Interactive Brokers Group has a payout ratio of 6.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Interactive Brokers Group to earn $6.32 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 6.3%.

Interactive Brokers Group Stock Up 1.7 %

Interactive Brokers Group stock opened at $109.23 on Thursday. Interactive Brokers Group has a twelve month low of $70.83 and a twelve month high of $116.92. The stock has a market cap of $45.99 billion, a P/E ratio of 18.67, a P/E/G ratio of 1.22 and a beta of 0.83. The company’s 50-day moving average price is $108.19 and its two-hundred day moving average price is $92.55.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. Interactive Brokers Group had a return on equity of 4.84% and a net margin of 7.62%. Interactive Brokers Group’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter last year, the business posted $1.30 EPS. Equities analysts anticipate that Interactive Brokers Group will post 6.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

IBKR has been the topic of several recent research reports. Piper Sandler increased their price objective on Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. UBS Group lowered their price target on shares of Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating on the stock in a research report on Tuesday, January 9th. Citigroup lifted their price objective on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Barclays increased their target price on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and lifted their price target for the company from $88.00 to $102.00 in a research report on Tuesday, January 9th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $124.00.

Insider Buying and Selling

In other news, Vice Chairman Earl H. Nemser sold 74,218 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $96.29, for a total transaction of $7,146,451.22. Following the completion of the transaction, the insider now directly owns 234,552 shares in the company, valued at $22,585,012.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Vice Chairman Earl H. Nemser sold 74,218 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $96.29, for a total transaction of $7,146,451.22. Following the sale, the insider now owns 234,552 shares in the company, valued at approximately $22,585,012.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total value of $524,300.00. Following the completion of the transaction, the insider now owns 113,770 shares of the company’s stock, valued at $11,929,922.20. The disclosure for this sale can be found here. Insiders sold a total of 428,883 shares of company stock worth $40,395,135 in the last three months. 3.21% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Interactive Brokers Group

A number of institutional investors have recently added to or reduced their stakes in IBKR. Eagle Bay Advisors LLC bought a new position in shares of Interactive Brokers Group during the second quarter valued at $31,000. Atlas Capital Advisors LLC acquired a new stake in Interactive Brokers Group in the first quarter valued at $40,000. Steward Partners Investment Advisory LLC raised its position in Interactive Brokers Group by 496.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 602 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 501 shares during the last quarter. Belpointe Asset Management LLC lifted its holdings in Interactive Brokers Group by 64.5% during the 1st quarter. Belpointe Asset Management LLC now owns 579 shares of the financial services provider’s stock worth $48,000 after buying an additional 227 shares during the period. Finally, Dark Forest Capital Management LP bought a new stake in shares of Interactive Brokers Group in the 1st quarter valued at about $49,000. 23.80% of the stock is owned by institutional investors.

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.