Interactive Brokers Group, Inc. (NASDAQ:IBKR) Short Interest Update

Interactive Brokers Group, Inc. (NASDAQ:IBKR) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 3,090,000 shares, an increase of 26.6% from the February 13th total of 2,440,000 shares. Based on an average daily trading volume, of 1,790,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.8% of the company’s stock are sold short.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock traded up $6.29 during midday trading on Monday, hitting $174.40. The company’s stock had a trading volume of 1,867,527 shares, compared to its average volume of 1,147,365. The company has a 50-day moving average price of $204.36 and a two-hundred day moving average price of $175.76. Interactive Brokers Group has a 1-year low of $103.69 and a 1-year high of $236.53. The company has a market cap of $73.70 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.52 earnings per share. Sell-side analysts forecast that Interactive Brokers Group will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on IBKR shares. Barclays upped their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. UBS Group upped their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods raised their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. Citigroup boosted their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, The Goldman Sachs Group upped their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $204.13.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of the stock in a transaction on Friday, January 31st. The shares were purchased at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.99% of the stock is owned by insiders.

Institutional Investors Weigh In On Interactive Brokers Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of Interactive Brokers Group by 8,249.3% in the 4th quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider’s stock valued at $263,950,000 after buying an additional 1,476,135 shares in the last quarter. Norges Bank bought a new position in Interactive Brokers Group in the fourth quarter valued at approximately $229,316,000. Bank of America Corp DE boosted its holdings in shares of Interactive Brokers Group by 91.4% in the 4th quarter. Bank of America Corp DE now owns 2,338,972 shares of the financial services provider’s stock valued at $413,226,000 after purchasing an additional 1,117,186 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Interactive Brokers Group in the 4th quarter valued at $120,046,000. Finally, Fullerton Fund Management Co Ltd. acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth $69,057,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Company Profile

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.