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

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 3,090,000 shares, an increase of 26.6% from the February 13th total of 2,440,000 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average trading volume of 1,790,000 shares, the days-to-cover ratio is presently 1.7 days.

Insider Activity at Interactive Brokers Group

In other news, Director Jill Bright purchased 135 shares of the business's stock in a transaction on Friday, January 31st. The stock was acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now directly owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.99% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its position in Interactive Brokers Group by 8,249.3% in the fourth quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider's stock valued at $263,950,000 after buying an additional 1,476,135 shares during the last quarter. Norges Bank acquired a new stake in shares of Interactive Brokers Group in the fourth quarter worth $229,316,000. Bank of America Corp DE raised its holdings in shares of Interactive Brokers Group by 91.4% during the fourth quarter. Bank of America Corp DE now owns 2,338,972 shares of the financial services provider's stock worth $413,226,000 after purchasing an additional 1,117,186 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Interactive Brokers Group during the fourth quarter valued at $120,046,000. Finally, Fullerton Fund Management Co Ltd. purchased a new stake in Interactive Brokers Group in the fourth quarter valued at $69,057,000. Institutional investors and hedge funds own 23.80% of the company's stock.

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Interactive Brokers Group Trading Down 1.4 %

Shares of Interactive Brokers Group stock traded down $2.50 during trading on Friday, hitting $173.36. 3,574,320 shares of the stock traded hands, compared to its average volume of 1,172,778. Interactive Brokers Group has a 52-week low of $103.69 and a 52-week high of $236.53. The stock's fifty day simple moving average is $203.43 and its 200 day simple moving average is $176.08. The firm has a market cap of $73.26 billion, a P/E ratio of 24.56, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its earnings results 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 company had revenue of $1.39 billion during 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 revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.52 earnings per share. As a group, equities analysts expect that Interactive Brokers Group will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.58%. Interactive Brokers Group's dividend payout ratio (DPR) is currently 14.16%.

Analyst Upgrades and Downgrades

IBKR has been the subject of several analyst reports. StockNews.com lowered Interactive Brokers Group from a "hold" rating to a "sell" rating in a research note on Monday. Barclays boosted their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a report on Monday, January 13th. The Goldman Sachs Group lifted their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a "buy" rating in a research report on Tuesday, December 3rd. Finally, UBS Group raised their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Interactive Brokers Group currently has a consensus rating of "Moderate Buy" and a consensus target price 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.