Short Interest in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Grows By 9.8%

Interactive Brokers Group, Inc. (NASDAQ:IBKR) 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

Several institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new position in Interactive Brokers Group in the fourth quarter worth about $7,841,000. Van ECK Associates Corp grew its stake in Interactive Brokers Group by 149.0% in the fourth quarter. Van ECK Associates Corp now owns 34,629 shares of the financial services provider’s stock worth $2,871,000 after purchasing an additional 20,719 shares during the period. Sapient Capital LLC bought a new position in shares of Interactive Brokers Group in the 4th quarter worth about $496,000. Vestmark Advisory Solutions Inc. lifted its position in Interactive Brokers Group by 3.2% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 31,672 shares of the financial services provider’s stock valued at $2,626,000 after acquiring an additional 992 shares during the period. Finally, National Bank of Canada FI boosted its stake in Interactive Brokers Group by 176.5% during the fourth quarter. National Bank of Canada FI now owns 45,276 shares of the financial services provider’s stock worth $3,834,000 after acquiring an additional 28,903 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

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) 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.