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

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) saw a large increase in short interest during 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 volume of 912,800 shares, the short-interest ratio is presently 1.7 days.

Hedge Funds Weigh In On Interactive Brokers Group

Hedge funds have recently added to or reduced their stakes in the company. Townsquare Capital LLC lifted its position in shares of Interactive Brokers Group by 1.2% during the 3rd quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider's stock valued at $760,000 after buying an additional 67 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its position in shares of Interactive Brokers Group by 3.7% during the 3rd 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 during the last quarter. Boston Financial Mangement LLC grew its holdings in shares of 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 purchasing an additional 100 shares in the last quarter. First Citizens Bank & Trust Co. grew its stake in shares of Interactive Brokers Group by 5.6% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,007 shares of the financial services provider's stock worth $280,000 after buying an additional 107 shares in the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Interactive Brokers Group by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 3,161 shares of the financial services provider's stock valued at $441,000 after buying an additional 110 shares in the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on IBKR. Piper Sandler reiterated an "overweight" rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. UBS Group lifted their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Jefferies Financial Group raised their price target 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. Finally, Barclays reduced their price objective on shares of Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $143.00.

Interactive Brokers Group Stock Performance

Shares of Interactive Brokers Group stock traded up $2.31 during trading on Friday, hitting $180.21. The company's stock had a trading volume of 1,262,695 shares, compared to its average volume of 911,910. Interactive Brokers Group has a 52 week low of $72.60 and a 52 week high of $181.21. The company has a market capitalization of $75.88 billion, a PE ratio of 27.51, a P/E/G ratio of 1.41 and a beta of 0.79. The company has a fifty day simple moving average of $147.69 and a two-hundred day simple moving average of $131.12.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts' consensus estimates of $1.78 by ($0.03). The company had revenue of $2.45 billion during the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $1.55 earnings per share. As a group, analysts predict that Interactive Brokers Group will post 6.82 EPS for the current 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%.

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.