Short Interest in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Expands By 29.7%

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) saw a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 2,360,000 shares, an increase of 29.7% from the January 15th total of 1,820,000 shares. Based on an average daily trading volume, of 1,390,000 shares, the days-to-cover ratio is currently 1.7 days.

Interactive Brokers Group Stock Down 2.9 %

IBKR stock traded down $6.65 on Thursday, reaching $226.00. 2,345,855 shares of the company's stock were exchanged, compared to its average volume of 1,754,256. The stock has a fifty day moving average of $200.60 and a 200-day moving average of $166.65. Interactive Brokers Group has a twelve month low of $103.02 and a twelve month high of $236.53. The firm has a market cap of $95.49 billion, a PE ratio of 32.01, a P/E/G ratio of 1.66 and a beta of 0.89.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping analysts' consensus estimates of $1.81 by $0.22. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. Interactive Brokers Group's quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.52 earnings per share. On average, equities research analysts predict that Interactive Brokers Group will post 7.46 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, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.44%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group's dividend payout ratio (DPR) is 14.16%.

Insider Buying and Selling at Interactive Brokers Group

In other news, Director Jill Bright acquired 135 shares of Interactive Brokers Group stock in a transaction on Friday, January 31st. The stock was bought at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the purchase, the director now owns 2,476 shares in the company, valued at $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.21% of the stock is owned by company insiders.

Institutional Trading of Interactive Brokers Group

Large investors have recently bought and sold shares of the company. Contravisory Investment Management Inc. acquired a new stake in Interactive Brokers Group in the fourth quarter valued at $25,000. SRH Advisors LLC acquired a new stake in shares of Interactive Brokers Group during the fourth quarter valued at $28,000. Versant Capital Management Inc boosted its stake in shares of Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 71 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Interactive Brokers Group by 90.7% during the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 88 shares during the last quarter. Finally, Rialto Wealth Management LLC acquired a new stake in shares of Interactive Brokers Group during the fourth quarter valued at $33,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Analyst Ratings Changes

IBKR has been the subject of a number of research reports. Piper Sandler reiterated an "overweight" rating and issued a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. The Goldman Sachs Group upped their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. Citigroup upped their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Keefe, Bruyette & Woods upped their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a "market perform" rating in a research note on Monday, January 13th. Finally, UBS Group upped their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Interactive Brokers Group has a consensus rating of "Moderate Buy" and a consensus price target of $204.13.

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.