Interactive Brokers Group, Inc. (NASDAQ:IBKR) Declares $0.09 Quarterly Dividend

Interactive Brokers Group, Inc. (NASDAQ:IBKR) declared a quarterly dividend on Tuesday, July 21st. Investors of record on Tuesday, September 1st will be given a dividend of 0.0875 per share by the financial services provider on Monday, September 14th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Tuesday, September 1st.

Interactive Brokers Group has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Interactive Brokers Group has a dividend payout ratio of 4.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Interactive Brokers Group to earn $2.91 per share next year, which means the company should continue to be able to cover its $0.35 annual dividend with an expected future payout ratio of 12.0%.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $94.42 on Wednesday. The stock has a 50-day moving average of $89.76 and a two-hundred day moving average of $78.97. The stock has a market cap of $160.17 billion, a P/E ratio of 40.70, a P/E/G ratio of 2.10 and a beta of 1.33. Interactive Brokers Group has a one year low of $58.95 and a one year high of $97.84.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the firm posted $0.51 EPS. Analysts predict that Interactive Brokers Group will post 2.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on IBKR shares. China Renaissance initiated coverage on shares of Interactive Brokers Group in a research report on Tuesday, July 7th. They set a “hold” rating for the company. Bank of America upped their target price on Interactive Brokers Group from $83.00 to $106.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Jefferies Financial Group reduced their price target on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Piper Sandler set a $105.00 price objective on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods started coverage on shares of Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus target price of $94.56.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.