Short Interest in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Expands By 9.4%

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

Institutional Trading of Interactive Brokers Group

Institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp increased its position in shares of Interactive Brokers Group by 1.7% in the third quarter. State Street Corp now owns 3,222,135 shares of the financial services provider’s stock worth $449,037,000 after purchasing an additional 52,911 shares during the last quarter. Greenwich Wealth Management LLC increased its holdings in shares of Interactive Brokers Group by 0.3% in the 2nd quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider’s stock worth $365,271,000 after buying an additional 8,038 shares during the last quarter. Bares Capital Management Inc. raised its position in shares of Interactive Brokers Group by 10.4% during the 1st quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider’s stock valued at $313,920,000 after buying an additional 264,543 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Interactive Brokers Group by 23.8% during the 2nd quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock worth $307,365,000 after acquiring an additional 481,826 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Interactive Brokers Group by 5.4% during the third quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider’s stock worth $287,921,000 after purchasing an additional 106,392 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Up 1.3 %

Shares of Interactive Brokers Group stock traded up $2.31 on Friday, reaching $180.21. The stock had a trading volume of 1,262,695 shares, compared to its average volume of 911,910. The business’s 50 day moving average is $147.69 and its two-hundred day moving average is $131.12. The company has a market cap of $75.88 billion, a P/E ratio of 27.51, a price-to-earnings-growth ratio of 1.41 and a beta of 0.79. Interactive Brokers Group has a 1 year low of $72.60 and a 1 year high of $181.21.

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

Interactive Brokers Group Dividend Announcement

The firm also recently announced 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 yield of 0.55%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group’s payout ratio is 15.27%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on IBKR shares. Piper Sandler reaffirmed an “overweight” rating and issued a $163.00 price target on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Jefferies Financial Group upped their price target 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. Barclays lowered their price objective on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Finally, UBS Group increased their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.