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

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) saw a large growth in short interest during 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 currently 1.8 days.

Institutional Investors Weigh In On Interactive Brokers Group

Institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its stake in shares of Interactive Brokers Group by 6.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 53,280 shares of the financial services provider's stock worth $5,952,000 after purchasing an additional 3,326 shares during the period. B. Riley Wealth Advisors Inc. grew its position in Interactive Brokers Group by 25.8% during the first quarter. B. Riley Wealth Advisors Inc. now owns 5,612 shares of the financial services provider's stock worth $627,000 after buying an additional 1,151 shares during the period. Cetera Investment Advisers lifted its position in shares of Interactive Brokers Group by 141.7% during the 1st quarter. Cetera Investment Advisers now owns 42,048 shares of the financial services provider's stock valued at $4,697,000 after acquiring an additional 24,648 shares during the period. Cetera Advisors LLC acquired a new stake in shares of Interactive Brokers Group during the 1st quarter valued at approximately $523,000. Finally, GAMMA Investing LLC boosted its stake in shares of Interactive Brokers Group by 84.9% during the 2nd quarter. GAMMA Investing LLC now owns 893 shares of the financial services provider's stock worth $109,000 after acquiring an additional 410 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Trading Up 0.0 %

Shares of IBKR traded up $0.03 during mid-day trading on Friday, hitting $191.09. 576,680 shares of the company's stock were exchanged, compared to its average volume of 1,093,527. Interactive Brokers Group has a fifty-two week low of $76.89 and a fifty-two week high of $193.42. The business's 50 day moving average is $160.09 and its two-hundred day moving average is $136.00. The firm has a market capitalization of $80.74 billion, a P/E ratio of 29.17, a P/E/G ratio of 1.50 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $2.45 billion during the quarter, compared to analysts' expectations of $1.32 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. During the same quarter last year, the business earned $1.55 earnings per share. On average, equities research analysts forecast that Interactive Brokers Group will post 6.82 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.25 per share. 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 currently 15.27%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on IBKR shares. Jefferies Financial Group boosted their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. Barclays lowered their target price on shares of Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating for the company in a report on Wednesday, October 16th. UBS Group increased their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Finally, Piper Sandler restated an "overweight" rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Interactive Brokers Group currently has an average rating of "Moderate Buy" and an average price target 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.