Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 2,530,000 shares, a growth of 31.8% from the August 31st total of 1,920,000 shares. Based on an average trading volume of 1,050,000 shares, the days-to-cover ratio is currently 2.4 days.
Interactive Brokers Group Trading Down 0.7 %
Shares of IBKR traded down $0.45 during mid-day trading on Friday, reaching $63.91. The company had a trading volume of 1,104,661 shares, compared to its average volume of 956,663. Interactive Brokers Group has a fifty-two week low of $52.18 and a fifty-two week high of $82.83. The firm has a fifty day simple moving average of $63.26 and a 200-day simple moving average of $61.02. The stock has a market cap of $26.72 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 1.00 and a beta of 0.76.
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Interactive Brokers Group (NASDAQ:IBKR – Get Rating) last posted its quarterly earnings results on Tuesday, July 19th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.91 by ($0.07). The firm had revenue of $656.00 million for the quarter, compared to analysts' expectations of $745.46 million. Interactive Brokers Group had a net margin of 9.64% and a return on equity of 3.13%. Interactive Brokers Group's revenue was down 13.0% on a year-over-year basis. During the same period last year, the firm posted $0.82 EPS. As a group, equities analysts predict that Interactive Brokers Group will post 3.76 EPS for the current fiscal year.
Interactive Brokers Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Thursday, September 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.63%. Interactive Brokers Group's dividend payout ratio (DPR) is 15.63%.
Insider Transactions at Interactive Brokers Group
In other news, Chairman Thomas Peterffy sold 20,000 shares of the firm's stock in a transaction on Thursday, July 7th. The stock was sold at an average price of $56.64, for a total value of $1,132,800.00. Following the completion of the transaction, the chairman now owns 1,907,511 shares in the company, valued at $108,041,423.04. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold 220,000 shares of company stock valued at $12,325,800 in the last quarter. 5.72% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Interactive Brokers Group
Several institutional investors have recently bought and sold shares of the business. Koshinski Asset Management Inc. lifted its position in Interactive Brokers Group by 19.6% during the 1st quarter. Koshinski Asset Management Inc. now owns 988 shares of the financial services provider's stock worth $65,000 after acquiring an additional 162 shares in the last quarter. FourThought Financial LLC boosted its stake in shares of Interactive Brokers Group by 3.3% in the first quarter. FourThought Financial LLC now owns 5,527 shares of the financial services provider's stock valued at $364,000 after purchasing an additional 175 shares during the period. FDx Advisors Inc. grew its holdings in Interactive Brokers Group by 0.9% during the 2nd quarter. FDx Advisors Inc. now owns 19,135 shares of the financial services provider's stock valued at $1,053,000 after purchasing an additional 177 shares in the last quarter. Kestra Advisory Services LLC increased its stake in Interactive Brokers Group by 8.5% during the 1st quarter. Kestra Advisory Services LLC now owns 3,414 shares of the financial services provider's stock worth $225,000 after buying an additional 268 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in Interactive Brokers Group by 2.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 12,563 shares of the financial services provider's stock worth $691,000 after buying an additional 280 shares in the last quarter. 97.04% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts have weighed in on IBKR shares. Barclays assumed coverage on Interactive Brokers Group in a research report on Wednesday, August 31st. They set an "overweight" rating and a $77.00 price target for the company. Compass Point cut their target price on shares of Interactive Brokers Group to $85.00 in a research note on Friday, June 3rd. Finally, StockNews.com raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Tuesday, July 19th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $91.80.
Interactive Brokers Group Company Profile
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Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in executing, clearing, and settling trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.
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