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

Interactive Brokers Group, Inc. (NASDAQ:IBKR) declared a quarterly dividend on Tuesday, October 15th,Zacks Dividends reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.25 per share by the financial services provider on Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Friday, November 29th.

Interactive Brokers Group has a payout ratio of 14.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Interactive Brokers Group to earn $7.05 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 14.2%.

Interactive Brokers Group Trading Down 0.8 %

Shares of IBKR stock opened at $191.31 on Thursday. The company has a market cap of $80.83 billion, a price-to-earnings ratio of 29.21, a price-to-earnings-growth ratio of 1.50 and a beta of 0.79. The stock has a 50 day simple moving average of $156.53 and a 200-day simple moving average of $134.62. Interactive Brokers Group has a 12-month low of $72.60 and a 12-month high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the business earned $1.55 earnings per share. On average, equities analysts forecast that Interactive Brokers Group will post 6.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

IBKR has been the subject of several research analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. Barclays dropped their price objective on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Jefferies Financial Group raised their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Finally, UBS Group raised their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $143.00.

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.