Interactive Brokers Group, Inc. Announces Quarterly Dividend of $0.08 (NASDAQ:IBKR)

Interactive Brokers Group, Inc. (NASDAQ:IBKR) declared a quarterly dividend on Tuesday, January 20th. Investors of record on Friday, February 27th will be given a dividend of 0.08 per share by the financial services provider on Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, February 27th.

Interactive Brokers Group has raised its dividend 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 4.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Interactive Brokers Group to earn $8.11 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 3.9%.

Interactive Brokers Group Stock Up 5.1%

NASDAQ:IBKR traded up $3.66 on Wednesday, reaching $75.17. 1,521,830 shares of the company’s stock were exchanged, compared to its average volume of 4,533,300. The firm has a market capitalization of $127.50 billion, a price-to-earnings ratio of 36.09, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. Interactive Brokers Group has a 52-week low of $32.82 and a 52-week high of $75.75. The business has a fifty day moving average of $66.44 and a 200-day moving average of $65.66.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.50 by $0.15. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.58 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.Interactive Brokers Group’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 earnings per share. As a group, equities analysts anticipate that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on IBKR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. CICC Research began coverage on Interactive Brokers Group in a research report on Monday, October 27th. They set an “outperform” rating and a $78.00 target price on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $91.00 price objective on shares of Interactive Brokers Group in a research note on Friday, October 17th. Piper Sandler set a $80.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Finally, Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus price target of $75.13.

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.