On October 22, Interactive Brokers rose 3.02% in Regular Trading, trading at $85.37/share, with turnover of $127 million.
The move followed continued market digestion of the company’s third-quarter results and a subsequent analyst target price increase. Recent disclosures showed Q3 net revenue rose 15.6% year over year to $1.914 billion, above market expectations near $1.888 billion, while adjusted EPS was $0.67, slightly below the $0.68 consensus. The company also raised its quarterly dividend to $0.15 from $0.0875, an increase of more than 70%.
Additional operating details pointed to resilient fundamentals, including account growth of more than 30% and record client credit balances. After the results, Barclays raised its price target on the stock to $117 from $115, reinforcing a constructive view on customer growth and earnings resilience.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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