Short Interest in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Rises By 29.7%

Interactive Brokers Group, Inc. (NASDAQ:IBKR) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 2,360,000 shares, a growth of 29.7% from the January 15th total of 1,820,000 shares. Based on an average daily volume of 1,390,000 shares, the days-to-cover ratio is currently 1.7 days.

Interactive Brokers Group Trading Down 0.3 %

Shares of IBKR traded down $0.73 during mid-day trading on Friday, reaching $234.12. The company had a trading volume of 1,672,620 shares, compared to its average volume of 1,813,609. The stock has a market cap of $98.92 billion, a price-to-earnings ratio of 33.16, a price-to-earnings-growth ratio of 1.62 and a beta of 0.89. The firm has a fifty day simple moving average of $196.38 and a 200-day simple moving average of $164.09. Interactive Brokers Group has a fifty-two week low of $101.36 and a fifty-two week high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.52 earnings per share. As a group, equities analysts predict that Interactive Brokers Group will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Analyst Ratings Changes

IBKR has been the subject of a number of analyst reports. Piper Sandler reissued an “overweight” rating and issued a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. UBS Group raised their price target on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Barclays boosted their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Citigroup raised their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Keefe, Bruyette & Woods boosted their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.13.

Insider Activity

In related news, Director Jill Bright bought 135 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average price of $219.51 per share, with a total value of $29,633.85. Following the purchase, the director now owns 2,476 shares in the company, valued at $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 SEC, which is available through this link. Company insiders own 3.21% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IBKR. Contravisory Investment Management Inc. purchased a new position in shares of Interactive Brokers Group in the 4th quarter valued at $25,000. SRH Advisors LLC acquired a new stake in Interactive Brokers Group in the 4th quarter valued at $28,000. Versant Capital Management Inc raised its position in Interactive Brokers Group by 66.4% in the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 71 shares during the period. Blue Trust Inc. lifted its stake in shares of Interactive Brokers Group by 90.7% during the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 88 shares in the last quarter. Finally, Rialto Wealth Management LLC acquired a new position in shares of Interactive Brokers Group during the fourth quarter worth about $33,000. 23.80% of the stock is owned by institutional investors and hedge funds.

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.