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

Interactive Brokers Group, Inc. (NASDAQ:IBKR) was the target of a significant increase in short interest in the month of 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 trading volume, of 912,800 shares, the short-interest ratio is currently 1.7 days.

Interactive Brokers Group Stock Performance

Shares of Interactive Brokers Group stock opened at $182.61 on Tuesday. The stock has a market capitalization of $76.89 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 1.41 and a beta of 0.79. Interactive Brokers Group has a 52-week low of $72.60 and a 52-week high of $183.01. The company has a 50-day simple moving average of $148.86 and a two-hundred day simple moving average of $131.67.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations 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 period last year, the firm posted $1.55 earnings per share. As a group, equities research analysts forecast that Interactive Brokers Group will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.25 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.00 annualized dividend and a yield of 0.55%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.27%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Tortoise Investment Management LLC raised its holdings in shares of Interactive Brokers Group by 76.6% during the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 111 shares during the last quarter. Fairfield Financial Advisors LTD bought a new stake in Interactive Brokers Group during the second quarter valued at approximately $32,000. UMB Bank n.a. grew its position in Interactive Brokers Group by 350.0% during the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after buying an additional 224 shares during the period. Smithfield Trust Co grew its position in Interactive Brokers Group by 80.6% during the third quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock valued at $48,000 after buying an additional 154 shares during the period. Finally, Darwin Wealth Management LLC bought a new stake in Interactive Brokers Group during the third quarter valued at approximately $49,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.