Interactive Brokers Group, Inc. (NASDAQ:IBKR) Raises Dividend to $0.15 Per Share

Interactive Brokers Group, Inc. (NASDAQ:IBKR) announced a quarterly dividend on Thursday, October 15th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.15 per share by the financial services provider on Monday, December 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, December 1st. This is a 71.4% increase from Interactive Brokers Group’s previous quarterly dividend of $0.0875.

Interactive Brokers Group has increased its dividend payment by an average of 0.2% annually over the last three years and has increased 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 research analysts expect Interactive Brokers Group to earn $3.28 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 10.7%.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $86.03 on Friday. The company has a market capitalization of $146.37 billion, a PE ratio of 34.41, a price-to-earnings-growth ratio of 1.49 and a beta of 1.37. The stock has a fifty day moving average of $90.43 and a two-hundred day moving average of $87.16. Interactive Brokers Group has a fifty-two week low of $58.95 and a fifty-two week high of $98.75.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Thursday, October 15th. The financial services provider reported $0.67 EPS for the quarter, meeting the consensus estimate of $0.67. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%. The firm’s revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 EPS. As a group, equities research analysts forecast that Interactive Brokers Group will post 2.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

IBKR has been the topic of a number of research analyst reports. Capital One Financial set a $105.00 target price on Interactive Brokers Group in a report on Tuesday, October 6th. Evercore began coverage on Interactive Brokers Group in a research report on Monday. They set an “outperform” rating and a $100.00 target price on the stock. Barclays set a $117.00 price objective on shares of Interactive Brokers Group in a research note on Friday. UBS Group reiterated a “neutral” rating and issued a $101.00 target price (down from $102.00) on shares of Interactive Brokers Group in a research report on Wednesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Interactive Brokers Group in a research note on Monday. They set a “buy” rating and a $102.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.31.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and custody services to individual investors, financial advisors, hedge funds, proprietary trading firms, family offices and other institutional clients. The company offers access to a broad range of markets and financial instruments, including stocks, options, futures, currencies, bonds, exchange-traded funds and mutual funds.

Interactive Brokers provides its services through digital platforms such as Trader Workstation, IBKR Mobile and Client Portal, along with application programming interfaces for clients seeking automated or integrated trading capabilities.