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

Interactive Brokers Group, Inc. (NASDAQ:IBKR) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 13,380,906 shares, a growth of 17.5% from the February 12th total of 11,390,874 shares. Based on an average daily volume of 3,680,547 shares, the short-interest ratio is presently 3.6 days. Currently, 0.8% of the company’s stock are sold short. Currently, 0.8% of the company’s stock are sold short. Based on an average daily volume of 3,680,547 shares, the short-interest ratio is presently 3.6 days.

Interactive Brokers Group Stock Up 0.2%

Shares of NASDAQ IBKR traded up $0.15 during trading hours on Wednesday, hitting $68.78. 1,823,882 shares of the stock were exchanged, compared to its average volume of 4,924,670. Interactive Brokers Group has a 12 month low of $32.82 and a 12 month high of $79.18. The firm has a fifty day moving average price of $72.50 and a 200-day moving average price of $68.47. The company has a market cap of $116.66 billion, a PE ratio of 31.04, a PEG ratio of 1.91 and a beta of 1.23.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.15. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.58 billion. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. Interactive Brokers Group’s revenue was up 18.5% compared to the same quarter last year. During the same period last year, the firm earned $0.51 earnings per share. As a group, equities analysts anticipate that Interactive Brokers Group will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.48%.

Wall Street Analyst Weigh In

IBKR has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. BMO Capital Markets upped their price objective on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Finally, Barclays set a $83.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $76.39.

Insider Buying and Selling at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 60,200 shares of Interactive Brokers Group stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total transaction of $4,533,060.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 400,000 shares of company stock valued at $30,725,122. 2.97% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Murphy & Mullick Capital Management Corp acquired a new position in shares of Interactive Brokers Group during the third quarter valued at about $27,000. Reflection Asset Management purchased a new position in shares of Interactive Brokers Group in the 4th quarter valued at approximately $26,000. IMA Advisory Services Inc. boosted its stake in Interactive Brokers Group by 64.3% in the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 178 shares in the last quarter. Tobam purchased a new stake in Interactive Brokers Group during the 4th quarter worth approximately $30,000. Finally, Entrust Financial LLC purchased a new stake in Interactive Brokers Group during the 4th quarter worth approximately $31,000. 23.80% of the stock is owned by institutional investors and hedge funds.

About Interactive Brokers Group

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.