Interactive Brokers Group, Inc. (NASDAQ:IBKR) Short Interest Up 9.4% in October

Interactive Brokers Group, Inc. (NASDAQ:IBKR) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 1,510,000 shares, an increase of 9.4% from the October 15th total of 1,380,000 shares. Based on an average daily volume of 912,800 shares, the short-interest ratio is currently 1.7 days.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $182.61 on Tuesday. Interactive Brokers Group has a 52 week low of $72.60 and a 52 week high of $183.01. The stock has a market capitalization of $76.89 billion, a P/E ratio of 27.88, a PEG ratio of 1.41 and a beta of 0.79. The stock has a 50-day simple moving average of $148.86 and a 200 day simple moving average of $131.67.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. During the same quarter in the previous year, the business posted $1.55 EPS. Research analysts forecast that Interactive Brokers Group will post 6.82 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, December 13th. Stockholders of record on Friday, November 29th will be given a $0.25 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. Interactive Brokers Group’s payout ratio is 15.27%.

Analyst Upgrades and Downgrades

IBKR has been the subject of a number of research reports. UBS Group increased their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Jefferies Financial Group increased their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Barclays decreased their price objective on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Finally, Piper Sandler restated an “overweight” rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $143.00.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Interactive Brokers Group by 1.7% during the third quarter. State Street Corp now owns 3,222,135 shares of the financial services provider’s stock worth $449,037,000 after buying an additional 52,911 shares during the last quarter. Greenwich Wealth Management LLC grew its stake in shares of Interactive Brokers Group by 0.3% in the second quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider’s stock worth $365,271,000 after purchasing an additional 8,038 shares during the last quarter. Bares Capital Management Inc. grew its stake in shares of Interactive Brokers Group by 10.4% in the first quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider’s stock worth $313,920,000 after purchasing an additional 264,543 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Interactive Brokers Group by 23.8% in the second quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock worth $307,365,000 after purchasing an additional 481,826 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Interactive Brokers Group by 5.4% in the third quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider’s stock worth $287,921,000 after purchasing an additional 106,392 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

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.