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

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

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of Interactive Brokers Group stock in a transaction on Friday, January 31st. The shares were bought at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now directly owns 2,476 shares in the company, valued at $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.99% of the stock is owned by company insiders.

Hedge Funds Weigh In On Interactive Brokers Group

Institutional investors have recently modified their holdings of the stock. Contravisory Investment Management Inc. bought a new stake in Interactive Brokers Group in the 4th quarter valued at approximately $25,000. SRH Advisors LLC acquired a new stake in Interactive Brokers Group during the fourth quarter worth approximately $28,000. Versant Capital Management Inc boosted its holdings 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 worth $31,000 after acquiring an additional 71 shares during the period. Blue Trust Inc. grew its position in shares of Interactive Brokers Group by 90.7% in 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 during the last quarter. Finally, Rialto Wealth Management LLC bought a new position in shares of Interactive Brokers Group during the fourth quarter worth approximately $33,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Trading Down 6.2 %

IBKR traded down $10.83 on Thursday, hitting $163.48. 1,137,020 shares of the stock traded hands, compared to its average volume of 1,244,705. Interactive Brokers Group has a 52 week low of $103.69 and a 52 week high of $236.53. The firm has a market capitalization of $69.08 billion, a PE ratio of 23.16, a P/E/G ratio of 1.59 and a beta of 0.99. The business has a fifty day moving average price of $200.34 and a two-hundred day moving average price of $179.42.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm 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 earnings per share. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. On average, equities research analysts forecast that Interactive Brokers Group will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on IBKR shares. UBS Group lifted their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. StockNews.com downgraded Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Wednesday. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Barclays raised their target price on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods increased their target price 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $203.50.

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.