Short Interest in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Increases By 31.0%

Interactive Brokers Group, Inc. (NASDAQ:IBKRGet Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 3,420,000 shares, an increase of 31.0% from the May 15th total of 2,610,000 shares. Based on an average trading volume of 892,500 shares, the days-to-cover ratio is presently 3.8 days.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Piper Sandler raised their target price on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Bank of America raised their price objective on Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Jefferies Financial Group boosted their target price on Interactive Brokers Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Barclays increased their price target on Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. Finally, Citigroup lifted their price objective on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average target price of $124.00.

View Our Latest Stock Report on IBKR

Interactive Brokers Group Stock Down 0.9 %

Shares of Interactive Brokers Group stock traded down $1.13 during trading on Friday, reaching $120.14. The company’s stock had a trading volume of 763,713 shares, compared to its average volume of 764,751. The business’s 50-day moving average price is $119.77 and its 200-day moving average price is $103.90. Interactive Brokers Group has a 52 week low of $72.60 and a 52 week high of $129.19. The firm has a market cap of $50.59 billion, a PE ratio of 20.54, a P/E/G ratio of 1.21 and a beta of 0.82.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last posted its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.01. Interactive Brokers Group had a net margin of 7.62% and a return on equity of 4.72%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. Equities analysts predict that Interactive Brokers Group will post 6.59 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a dividend of $0.25 per share. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, May 31st. This represents a $1.00 annualized dividend and a yield of 0.83%. Interactive Brokers Group’s dividend payout ratio is currently 17.09%.

Institutional Investors Weigh In On Interactive Brokers Group

Large investors have recently bought and sold shares of the company. Contravisory Investment Management Inc. bought a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $25,000. Rise Advisors LLC acquired a new position in Interactive Brokers Group during the first quarter valued at approximately $30,000. Rakuten Securities Inc. bought a new stake in Interactive Brokers Group during the fourth quarter worth $34,000. Principal Securities Inc. acquired a new stake in shares of Interactive Brokers Group in the 4th quarter valued at $40,000. Finally, Kapitalo Investimentos Ltda boosted its holdings 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 purchasing an additional 353 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Company Profile

(Get Free Report)

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.

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