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

Interactive Brokers Group, Inc. (NASDAQ:IBKR) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 2,690,000 shares, a decrease of 6.6% from the March 15th total of 2,880,000 shares. Based on an average daily trading volume, of 1,140,000 shares, the days-to-cover ratio is currently 2.4 days.

Insider Transactions at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 74,218 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $96.29, for a total value of $7,146,451.22. Following the transaction, the insider now directly owns 234,552 shares of the company’s stock, valued at approximately $22,585,012.08. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Vice Chairman Earl H. Nemser sold 74,218 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $96.29, for a total value of $7,146,451.22. Following the completion of the sale, the insider now owns 234,552 shares of the company’s stock, valued at approximately $22,585,012.08. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total value of $524,300.00. Following the sale, the insider now owns 113,770 shares of the company’s stock, valued at $11,929,922.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 441,800 shares of company stock worth $41,540,615. 3.21% of the stock is currently owned by company insiders.

Institutional Trading of Interactive Brokers Group

Several large investors have recently modified their holdings of the stock. AQR Capital Management LLC boosted its position in Interactive Brokers Group by 3.8% in the third quarter. AQR Capital Management LLC now owns 3,495 shares of the financial services provider’s stock valued at $303,000 after buying an additional 129 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Interactive Brokers Group by 2.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 6,381 shares of the financial services provider’s stock worth $552,000 after purchasing an additional 133 shares during the last quarter. Toroso Investments LLC boosted its stake in shares of Interactive Brokers Group by 1.1% in the 3rd quarter. Toroso Investments LLC now owns 11,702 shares of the financial services provider’s stock valued at $1,013,000 after purchasing an additional 133 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Interactive Brokers Group by 22.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 744 shares of the financial services provider’s stock worth $62,000 after buying an additional 135 shares during the period. Finally, Captrust Financial Advisors grew its position in shares of Interactive Brokers Group by 4.1% during the 3rd quarter. Captrust Financial Advisors now owns 3,449 shares of the financial services provider’s stock worth $220,000 after buying an additional 135 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IBKR has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of Interactive Brokers Group from $117.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, April 8th. UBS Group reduced their price objective on Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a research report on Tuesday, January 9th. Piper Sandler raised their price target on Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Citigroup boosted their price objective on Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Finally, The Goldman Sachs Group raised shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and raised their target price for the company from $88.00 to $102.00 in a research note on Tuesday, January 9th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus price target of $118.13.

Interactive Brokers Group Price Performance

NASDAQ IBKR traded up $2.92 on Wednesday, reaching $110.31. The stock had a trading volume of 1,612,177 shares, compared to its average volume of 1,181,558. The firm has a fifty day moving average of $107.89 and a two-hundred day moving average of $92.43. The company has a market cap of $46.44 billion, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 1.24 and a beta of 0.83. Interactive Brokers Group has a 1-year low of $70.83 and a 1-year high of $116.92.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Interactive Brokers Group had a net margin of 7.72% and a return on equity of 4.66%. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.30 EPS. Research analysts predict that Interactive Brokers Group will post 6.36 EPS for the current fiscal year.

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.