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

Interactive Brokers Group, Inc. (NASDAQ:IBKR) – Investment analysts at Zacks Research upped their Q1 2024 earnings per share estimates for shares of Interactive Brokers Group in a research report 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 estimate of $1.56. The consensus estimate for Interactive Brokers Group’s current full-year earnings is $6.32 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.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Interactive Brokers Group had a return on equity of 4.66% and a net margin of 7.72%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the firm posted $1.30 earnings per share. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis.

IBKR has been the topic of a number of other research reports. Citigroup lifted their price objective on Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Piper Sandler lifted their price objective on Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. UBS Group reduced their price objective on Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating on the stock in a research note on Tuesday, January 9th. Barclays lifted their price objective on Interactive Brokers Group from $117.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Finally, The Goldman Sachs Group raised Interactive Brokers Group from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $88.00 to $102.00 in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $118.13.

Interactive Brokers Group Price Performance

NASDAQ:IBKR opened at $107.39 on Tuesday. Interactive Brokers Group has a 1 year low of $70.83 and a 1 year high of $116.92. The stock’s 50 day simple moving average is $107.89 and its two-hundred day simple moving average is $92.43. The company has a market cap of $45.21 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 1.26 and a beta of 0.83.

Hedge Funds Weigh In On Interactive Brokers Group

Several hedge funds have recently bought and sold shares of IBKR. AQR Capital Management LLC lifted its stake in shares of Interactive Brokers Group by 3.8% during the 3rd quarter. AQR Capital Management LLC now owns 3,495 shares of the financial services provider’s stock worth $303,000 after purchasing an additional 129 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Interactive Brokers Group by 2.1% in the third quarter. Commonwealth Equity Services LLC now owns 6,381 shares of the financial services provider’s stock valued at $552,000 after buying an additional 133 shares during the last quarter. Toroso Investments LLC raised its stake in Interactive Brokers Group by 1.1% in the third quarter. Toroso Investments LLC now owns 11,702 shares of the financial services provider’s stock valued at $1,013,000 after buying an additional 133 shares during the last quarter. Captrust Financial Advisors raised its stake in Interactive Brokers Group by 4.1% in the third quarter. Captrust Financial Advisors now owns 3,449 shares of the financial services provider’s stock valued at $220,000 after buying an additional 135 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in Interactive Brokers Group by 22.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 744 shares of the financial services provider’s stock valued at $62,000 after buying an additional 135 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Insider Activity

In other news, Vice Chairman Earl H. Nemser sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total transaction of $524,300.00. Following the transaction, the insider now owns 113,770 shares of the company’s stock, valued at approximately $11,929,922.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 5,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total value of $524,300.00. Following the transaction, the insider now owns 113,770 shares of the company’s stock, valued at approximately $11,929,922.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 10,000 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $103.53, for a total value of $1,035,300.00. Following the completion of the transaction, the insider now directly owns 123,770 shares in the company, valued at approximately $12,813,908.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 441,800 shares of company stock valued at $41,540,615. 3.21% of the stock is currently owned by insiders.

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.