Interactive Brokers (IBKR, Financial) has reported substantial growth across several key financial and operational metrics in its first quarter results. The firm saw a notable 32% increase in customer accounts, bringing the total to 3.62 million. This growth is indicative of the company's expanding user base.
In addition to the rise in accounts, customer equity also showed a strong performance, climbing 23% to reach $573.5 billion. This increase reflects a robust market engagement from the brokerage's clientele.
Moreover, the total daily average revenue trades (DARTs) surged by 50%, escalating to 3.52 million. This significant uptick underscores heightened trading activity and engagement by Interactive Brokers' customers.
Financially, the company witnessed a 19% rise in customer credits, which now stand at $125.2 billion, further supporting its solid financial health. Customer margin loans also grew by 24% to $63.7 billion, highlighting increased borrowing activity among investors.
These impressive results demonstrate Interactive Brokers' continuing strength in the financial services sector and its ability to attract and maintain a growing number of active investors.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Interactive Brokers Group Inc (IBKR, Financial) is $207.89 with a high estimate of $265.00 and a low estimate of $178.00. The average target implies an upside of 19.92% from the current price of $173.35. More detailed estimate data can be found on the Interactive Brokers Group Inc (IBKR) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Interactive Brokers Group Inc's (IBKR, Financial) average brokerage recommendation is currently 1.7, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Interactive Brokers Group Inc (IBKR, Financial) in one year is $96.21, suggesting a downside of 44.5% from the current price of $173.35. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Interactive Brokers Group Inc (IBKR) Summary page.
