Short Interest in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Drops By 12.9%

Interactive Brokers Group, Inc. (NASDAQ:IBKR) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 2,690,000 shares, a drop of 12.9% from the February 28th total of 3,090,000 shares. Based on an average daily volume of 1,970,000 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.7% of the company’s shares are sold short.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the transaction, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.99% of the company’s stock.

Hedge Funds Weigh In On Interactive Brokers Group

Hedge funds have recently modified their holdings of the company. Contravisory Investment Management Inc. bought a new position in shares of Interactive Brokers Group in the fourth quarter valued at approximately $25,000. SRH Advisors LLC bought a new position in Interactive Brokers Group in the 4th quarter valued at $28,000. Versant Capital Management Inc increased its position in shares of Interactive Brokers Group by 66.4% during the 4th 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 last quarter. Blue Trust Inc. raised its stake in shares of Interactive Brokers Group by 90.7% during the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 88 shares during the period. Finally, Rialto Wealth Management LLC purchased a new position in shares of Interactive Brokers Group in the 4th quarter worth about $33,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Up 4.5 %

IBKR stock opened at $173.08 on Wednesday. The firm has a market capitalization of $73.14 billion, a PE ratio of 24.52, a P/E/G ratio of 1.59 and a beta of 0.99. Interactive Brokers Group has a twelve month low of $103.69 and a twelve month high of $236.53. The stock’s 50 day moving average is $201.05 and its 200-day moving average is $179.46.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period last year, the business earned $1.52 EPS. The business’s revenue was up 21.8% on a year-over-year basis. On average, equities research analysts anticipate that Interactive Brokers Group will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group’s payout ratio is 14.16%.

Wall Street Analyst Weigh In

IBKR has been the subject of several recent analyst reports. StockNews.com downgraded shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Wednesday. UBS Group lifted their price target on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods increased their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. Barclays boosted their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group increased their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.13.

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.