Interactive Brokers Group, Inc. (IBKR) to Issue Quarterly Dividend of $0.25 on March 14th

Interactive Brokers Group, Inc. (NASDAQ:IBKR) announced a quarterly dividend on Wednesday, January 22nd,Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Friday, February 28th.

Interactive Brokers Group has raised its dividend by an average of 28.6% annually over the last three years. Interactive Brokers Group has a dividend payout ratio of 12.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Interactive Brokers Group to earn $7.33 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 13.6%.

Interactive Brokers Group Trading Down 0.6 %

Shares of IBKR opened at $208.55 on Friday. The firm has a market capitalization of $88.12 billion, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 1.49 and a beta of 0.87. Interactive Brokers Group has a twelve month low of $88.22 and a twelve month high of $212.84. The stock’s fifty day simple moving average is $185.31 and its 200 day simple moving average is $152.25.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1,372,590.34 billion. During the same quarter last year, the firm posted $1.52 earnings per share. Interactive Brokers Group’s revenue for the quarter was up 21.8% compared to the same quarter last year. Sell-side analysts predict that Interactive Brokers Group will post 7.39 earnings per share for the current year.

Analysts Set New Price Targets

IBKR has been the subject of several recent research reports. The Goldman Sachs Group increased their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Jefferies Financial Group upped their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Barclays boosted their target price on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Wednesday. Keefe, Bruyette & Woods raised their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. Finally, UBS Group raised their price objective 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. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.