Zacks Research Comments on Interactive Brokers Group, Inc.’s Q1 2024 Earnings (NASDAQ:IBKR)

Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Analysts at Zacks Research boosted their Q1 2024 earnings per share (EPS) estimates for Interactive Brokers Group in a research note issued on Monday, April 15th. Zacks Research analyst S. Shah now forecasts that the financial services provider will post earnings of $1.60 per share for the quarter, up from their prior forecast of $1.56. The consensus estimate for Interactive Brokers Group’s current full-year earnings is $6.36 per share. Zacks Research also issued estimates for Interactive Brokers Group’s Q2 2024 earnings at $1.51 EPS, Q3 2024 earnings at $1.50 EPS, Q4 2024 earnings at $1.45 EPS, FY2024 earnings at $6.06 EPS, Q1 2025 earnings at $1.50 EPS, Q2 2025 earnings at $1.38 EPS, Q3 2025 earnings at $1.40 EPS, Q4 2025 earnings at $1.48 EPS, FY2025 earnings at $5.76 EPS, Q1 2026 earnings at $1.41 EPS and FY2026 earnings at $5.60 EPS.

Several other research analysts have also weighed in on IBKR. Bank of America lifted their target price on Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays lifted their target price on Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday. Citigroup lifted their target price on Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. The Goldman Sachs Group upgraded Interactive Brokers Group from a “neutral” rating to a “buy” rating and boosted their price target for the company from $88.00 to $102.00 in a report on Tuesday, January 9th. Finally, Piper Sandler boosted their price target on Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $120.00.

Interactive Brokers Group Trading Up 1.7 %

IBKR stock opened at $109.23 on Tuesday. The business’s 50-day moving average price is $108.19 and its two-hundred day moving average price is $92.55. The firm has a market cap of $45.99 billion, a PE ratio of 19.30, a P/E/G ratio of 1.24 and a beta of 0.83. Interactive Brokers Group has a 1-year low of $70.83 and a 1-year high of $116.92.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.01). The business 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 4.66% and a net margin of 7.72%. The business’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.30 earnings per share.

Insider Activity

In related news, Vice Chairman Earl H. Nemser sold 74,218 shares of the company’s stock in a transaction dated 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 $22,585,012.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Vice Chairman Earl H. Nemser sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total transaction of $524,300.00. Following the sale, the insider now owns 113,770 shares in the company, valued at $11,929,922.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 74,218 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $96.29, for a total value 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 disclosure for this sale can be found here. Insiders have sold a total of 428,883 shares of company stock worth $40,395,135 over the last three months. Corporate insiders own 3.21% of the company’s stock.

Hedge Funds Weigh In On Interactive Brokers Group

A number of institutional investors have recently bought and sold shares of IBKR. Norges Bank acquired a new position in Interactive Brokers Group during the fourth quarter worth approximately $97,717,000. FMR LLC increased its position in Interactive Brokers Group by 211.7% during the third quarter. FMR LLC now owns 1,773,533 shares of the financial services provider’s stock worth $153,517,000 after buying an additional 1,204,573 shares during the last quarter. Vanguard Group Inc. increased its position in Interactive Brokers Group by 7.0% during the third quarter. Vanguard Group Inc. now owns 9,035,116 shares of the financial services provider’s stock worth $577,435,000 after buying an additional 592,266 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Interactive Brokers Group by 122.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock worth $78,855,000 after buying an additional 524,503 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in Interactive Brokers Group during the fourth quarter worth approximately $33,544,000. Institutional investors and hedge funds 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.