Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Free Report) saw a significant increase in short interest during the month of August. As of August 15th, there was short interest totalling 2,470,000 shares, an increase of 9.8% from the July 31st total of 2,250,000 shares. Based on an average daily volume of 902,900 shares, the short-interest ratio is currently 2.7 days.
Analyst Ratings Changes
IBKR has been the topic of several recent analyst reports. UBS Group lifted their target price on shares of Interactive Brokers Group from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Barclays boosted their target price on shares of Interactive Brokers Group from $145.00 to $147.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Jefferies Financial Group increased their price target on Interactive Brokers Group from $138.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, July 8th. Finally, Keefe, Bruyette & Woods lowered shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $128.00 to $135.00 in a research note on Thursday, July 11th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $132.33.
Institutional Inflows and Outflows
Interactive Brokers Group Stock Performance
Shares of NASDAQ IBKR traded up $1.82 during mid-day trading on Monday, hitting $128.89. The stock had a trading volume of 703,500 shares, compared to its average volume of 1,017,661. The business has a 50 day moving average price of $121.29 and a two-hundred day moving average price of $117.48. Interactive Brokers Group has a 1 year low of $72.60 and a 1 year high of $129.19. The firm has a market cap of $54.27 billion, a P/E ratio of 22.03, a price-to-earnings-growth ratio of 1.15 and a beta of 0.81.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last posted its earnings results on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.02. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. Interactive Brokers Group’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period last year, the firm earned $1.32 earnings per share. Equities research analysts predict that Interactive Brokers Group will post 6.81 EPS for the current fiscal year.
Interactive Brokers Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Friday, August 30th. Interactive Brokers Group’s payout ratio is 17.09%.
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.
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