Interactive Brokers Group, Inc. (IBKR) To Go Ex-Dividend on November 29th

Interactive Brokers Group, Inc. (NASDAQ:IBKR) announced a quarterly dividend on Tuesday, October 15th,Zacks Dividends reports. Investors 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 is Friday, November 29th.

Interactive Brokers Group has a dividend payout ratio of 14.4% indicating that its dividend is sufficiently covered by earnings. Research 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 Price Performance

Shares of Interactive Brokers Group stock opened at $192.95 on Wednesday. The stock has a fifty day moving average price of $155.31 and a 200-day moving average price of $134.11. The firm has a market cap of $81.53 billion, a PE ratio of 29.46, a P/E/G ratio of 1.50 and a beta of 0.79. Interactive Brokers Group has a 1 year low of $72.60 and a 1 year high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the firm earned $1.55 earnings per share. As a group, equities analysts anticipate that Interactive Brokers Group will post 6.82 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. UBS Group boosted their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Piper Sandler reiterated an “overweight” rating and set a $163.00 target price on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Barclays lowered their price target on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group lifted their price objective on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus 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.