Interactive Brokers Group, Inc. (NASDAQ:IBKR) Short Interest Up 20.5% in November

Interactive Brokers Group, Inc. (NASDAQ:IBKR) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 1,820,000 shares, a growth of 20.5% from the October 31st total of 1,510,000 shares. Based on an average daily trading volume, of 987,000 shares, the short-interest ratio is presently 1.8 days.

Interactive Brokers Group Trading Up 0.0 %

Interactive Brokers Group stock opened at $191.09 on Friday. The stock has a market cap of $80.74 billion, a P/E ratio of 29.17, a price-to-earnings-growth ratio of 1.50 and a beta of 0.79. The company has a fifty day simple moving average of $160.09 and a 200-day simple moving average of $135.90. Interactive Brokers Group has a 12-month low of $76.89 and a 12-month high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the firm earned $1.55 earnings per share. As a group, sell-side analysts forecast that Interactive Brokers Group will post 6.82 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.25 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.00 annualized dividend and a yield of 0.52%. Interactive Brokers Group’s dividend payout ratio is presently 15.27%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Interactive Brokers Group

Several large investors have recently bought and sold shares of the stock. Townsquare Capital LLC boosted its stake in Interactive Brokers Group by 1.2% in the third quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider’s stock valued at $760,000 after acquiring an additional 67 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in Interactive Brokers Group by 0.3% in the third quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider’s stock valued at $2,759,000 after acquiring an additional 69 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its stake in Interactive Brokers Group by 3.7% in the third quarter. Prime Capital Investment Advisors LLC now owns 2,746 shares of the financial services provider’s stock valued at $383,000 after acquiring an additional 97 shares in the last quarter. Boston Financial Mangement LLC boosted its stake in Interactive Brokers Group by 5.4% in the third quarter. Boston Financial Mangement LLC now owns 1,955 shares of the financial services provider’s stock valued at $272,000 after acquiring an additional 100 shares in the last quarter. Finally, First Citizens Bank & Trust Co. boosted its stake in Interactive Brokers Group by 5.6% in the third quarter. First Citizens Bank & Trust Co. now owns 2,007 shares of the financial services provider’s stock valued at $280,000 after acquiring an additional 107 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

About Interactive Brokers Group

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.