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

Interactive Brokers Group, Inc. (NASDAQ:IBKR) was the recipient of a large growth in short interest in 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 trading volume of 1,390,000 shares, the short-interest ratio is currently 1.7 days.

Insiders Place Their Bets

In other news, Director Jill Bright bought 135 shares of Interactive Brokers Group stock in a transaction on Friday, January 31st. The shares were purchased at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.21% of the company’s stock.

Institutional Investors Weigh In On Interactive Brokers Group

A number of institutional investors have recently bought and sold shares of IBKR. Contravisory Investment Management Inc. purchased a new stake in Interactive Brokers Group in the 4th quarter worth $25,000. SRH Advisors LLC purchased a new position in shares of Interactive Brokers Group during the fourth quarter valued at about $28,000. Versant Capital Management Inc grew its position in shares of Interactive Brokers Group by 66.4% during 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 in the last quarter. Blue Trust Inc. grew its position 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 valued at $33,000 after purchasing an additional 88 shares in the last quarter. Finally, Rialto Wealth Management LLC purchased a new position in shares of Interactive Brokers Group during the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Down 0.3 %

Interactive Brokers Group stock traded down $0.73 during 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. Interactive Brokers Group has a 52 week low of $101.36 and a 52 week high of $236.53. The firm has a market capitalization 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’s 50-day simple moving average is $196.38 and its 200 day simple moving average is $164.09.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the business posted $1.52 EPS. Interactive Brokers Group’s revenue for the quarter was up 21.8% compared to the same quarter last year. On average, analysts predict that Interactive Brokers Group will post 7.39 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

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

Analyst Upgrades and Downgrades

IBKR has been the topic of several recent research reports. Citigroup upped their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Barclays upped their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Piper Sandler restated an “overweight” rating and issued a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. UBS Group upped their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, The Goldman Sachs Group upped their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $204.13.

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.