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

Interactive Brokers Group, Inc. (NASDAQ:IBKR) saw a large growth in short interest in September. As of September 30th, there was short interest totalling 1,700,000 shares, a growth of 10.4% from the September 15th total of 1,540,000 shares. Based on an average daily volume of 967,000 shares, the short-interest ratio is currently 1.8 days.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR traded up $3.28 during midday trading on Thursday, reaching $150.06. 382,972 shares of the company’s stock were exchanged, compared to its average volume of 1,011,604. The firm’s 50 day simple moving average is $131.45 and its two-hundred day simple moving average is $123.90. The stock has a market cap of $63.19 billion, a price-to-earnings ratio of 25.09, a P/E/G ratio of 1.34 and a beta of 0.80. Interactive Brokers Group has a fifty-two week low of $72.60 and a fifty-two week high of $154.75.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. During the same period in the previous year, the business posted $1.55 earnings per share. Equities research analysts predict that Interactive Brokers Group will post 6.92 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group’s payout ratio is 17.09%.

Hedge Funds Weigh In On Interactive Brokers Group

A number of hedge funds and other institutional investors have recently bought and sold shares of IBKR. Rise Advisors LLC purchased a new position in Interactive Brokers Group during the 1st quarter valued at about $30,000. Tortoise Investment Management LLC boosted its stake in shares of Interactive Brokers Group by 76.6% in the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock valued at $31,000 after buying an additional 111 shares during the period. Fairfield Financial Advisors LTD purchased a new position in shares of Interactive Brokers Group in the 2nd quarter valued at about $32,000. Kapitalo Investimentos Ltda boosted its stake in shares of Interactive Brokers Group by 278.0% in the 4th quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock valued at $40,000 after buying an additional 353 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of Interactive Brokers Group by 350.0% in 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 during the period. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on IBKR shares. Jefferies Financial Group raised their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. Piper Sandler reaffirmed an “overweight” rating and issued a $163.00 target price on shares of Interactive Brokers Group in a research note on Wednesday. Keefe, Bruyette & Woods downgraded Interactive Brokers Group from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $128.00 to $135.00 in a research note on Thursday, July 11th. Barclays cut their target price on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, UBS Group raised their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average target price of $143.00.

About Interactive Brokers Group

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.