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

Interactive Brokers Group, Inc. (NASDAQ:IBKR) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totalling 2,250,000 shares, a decrease of 8.2% from the July 15th total of 2,450,000 shares. Based on an average daily trading volume, of 894,400 shares, the short-interest ratio is presently 2.5 days.

Hedge Funds Weigh In On Interactive Brokers Group

A number of institutional investors have recently modified their holdings of the stock. Tortoise Investment Management LLC raised its position in Interactive Brokers Group by 76.6% in the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 111 shares during the last quarter. Fairfield Financial Advisors LTD acquired a new stake in shares of Interactive Brokers Group in the 2nd quarter valued at $32,000. Rise Advisors LLC bought a new stake in shares of Interactive Brokers Group during the first quarter worth $30,000. Principal Securities Inc. acquired a new position in shares of Interactive Brokers Group during the fourth quarter valued at $40,000. Finally, Kapitalo Investimentos Ltda boosted its holdings in Interactive Brokers Group by 278.0% in the fourth quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 353 shares during the last quarter. 23.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on IBKR. Barclays lifted their target price on shares of Interactive Brokers Group from $145.00 to $147.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. UBS Group lifted their price objective on Interactive Brokers Group from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Jefferies Financial Group increased their target price on Interactive Brokers Group from $138.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 8th. Finally, Keefe, Bruyette & Woods downgraded Interactive Brokers Group from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $128.00 to $135.00 in a research report on Thursday, July 11th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $132.33.

Interactive Brokers Group Trading Up 0.5 %

Shares of IBKR stock opened at $120.86 on Monday. The company has a market capitalization of $50.89 billion, a P/E ratio of 20.66, a P/E/G ratio of 1.07 and a beta of 0.81. Interactive Brokers Group has a 12 month low of $72.60 and a 12 month high of $129.19. The stock has a 50 day moving average of $120.60 and a two-hundred day moving average of $115.48.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.02. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.27 billion. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. The company’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.32 earnings per share. Sell-side analysts predict that Interactive Brokers Group will post 6.76 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Friday, August 30th. Interactive Brokers Group’s dividend payout ratio is currently 17.09%.

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.