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

Interactive Brokers Group, Inc. (NASDAQ:IBKR) declared a quarterly dividend on Wednesday, January 22nd,Wall Street Journal reports. Shareholders of record on Friday, February 28th will be given a dividend of 0.25 per share by the financial services provider on Friday, March 14th. This represents a $1.00 annualized dividend and a yield of 0.48%. The ex-dividend date is Friday, February 28th.

Interactive Brokers Group has increased its dividend payment by an average of 28.6% annually over the last three years. Interactive Brokers Group has a payout ratio of 12.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Interactive Brokers Group to earn $7.20 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 13.9%.

Interactive Brokers Group Stock Up 8.8 %

Shares of Interactive Brokers Group stock traded up $16.95 during trading on Wednesday, reaching $209.78. The company’s stock had a trading volume of 2,944,022 shares, compared to its average volume of 1,392,130. Interactive Brokers Group has a 1-year low of $88.22 and a 1-year high of $211.14. The company has a 50-day simple moving average of $184.08 and a two-hundred day simple moving average of $151.45. The company has a market cap of $88.64 billion, a price-to-earnings ratio of 32.03, a P/E/G ratio of 1.38 and a beta of 0.87.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1,372,590.34 billion. During the same quarter last year, the company earned $1.52 earnings per share. The company’s quarterly revenue was up 21.8% on a year-over-year basis. As a group, analysts anticipate that Interactive Brokers Group will post 6.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on IBKR shares. UBS Group raised their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Citigroup raised their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Keefe, Bruyette & Woods boosted their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. Barclays raised their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, The Goldman Sachs Group increased their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.25.

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.