Interactive Brokers Group, Inc. (NASDAQ:IBKR) Sees Significant Increase in Short Interest

Interactive Brokers Group, Inc. (NASDAQ:IBKR) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 1,510,000 shares, an increase of 9.4% from the October 15th total of 1,380,000 shares. Based on an average daily volume of 912,800 shares, the short-interest ratio is presently 1.7 days.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock traded up $2.40 during mid-day trading on Monday, hitting $182.61. The company’s stock had a trading volume of 986,907 shares, compared to its average volume of 1,007,478. The business has a 50 day moving average price of $147.69 and a 200-day moving average price of $131.23. Interactive Brokers Group has a 12 month low of $72.60 and a 12 month high of $183.01. The stock has a market cap of $76.89 billion, a price-to-earnings ratio of 27.51, a price-to-earnings-growth ratio of 1.41 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the business earned $1.55 earnings per share. On average, equities research analysts expect that Interactive Brokers Group will post 6.82 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 15.27%.

Institutional Investors Weigh In On Interactive Brokers Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tortoise Investment Management LLC boosted its stake in shares of Interactive Brokers Group by 76.6% during the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 111 shares during the last quarter. Fairfield Financial Advisors LTD purchased a new position in shares of Interactive Brokers Group during the 2nd quarter valued at $32,000. UMB Bank n.a. lifted its stake in shares of Interactive Brokers Group by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after buying an additional 224 shares in the last quarter. Smithfield Trust Co lifted its stake in shares of Interactive Brokers Group by 80.6% during the 3rd quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock valued at $48,000 after buying an additional 154 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in Interactive Brokers Group in the 3rd quarter valued at $49,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Barclays dropped their target price on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Jefferies Financial Group upped their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 4th. UBS Group increased their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Piper Sandler restated an “overweight” rating and set a $163.00 target price on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

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.