Interactive Brokers Group, Inc. (NASDAQ:IBKR) Sees Significant Drop in Short Interest

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 2,690,000 shares, a decline of 12.9% from the February 28th total of 3,090,000 shares. Based on an average daily volume of 1,970,000 shares, the short-interest ratio is currently 1.4 days. Approximately 0.7% of the company's stock are short sold.

Interactive Brokers Group Stock Down 8.4 %

Shares of NASDAQ IBKR traded down $13.40 during trading hours on Friday, reaching $146.08. 2,976,311 shares of the stock traded hands, compared to its average volume of 1,258,463. The company's 50-day simple moving average is $197.90 and its two-hundred day simple moving average is $179.74. The company has a market capitalization of $61.73 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02. Interactive Brokers Group has a 52-week low of $103.69 and a 52-week high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.22. The business 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 revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period last year, the company earned $1.52 EPS. As a group, sell-side analysts forecast that Interactive Brokers Group will post 7.46 earnings per share for the current fiscal year.

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Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.68%. Interactive Brokers Group's dividend payout ratio (DPR) is presently 14.16%.

Analysts Set New Price Targets

A number of research firms have recently commented on IBKR. Piper Sandler reiterated an "overweight" rating and set a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. UBS Group lifted their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. StockNews.com cut shares of Interactive Brokers Group from a "hold" rating to a "sell" rating in a research note on Wednesday. Keefe, Bruyette & Woods raised their target price 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, Citigroup decreased their target price on shares of Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $203.50.

Insider Buying and Selling at Interactive Brokers Group

In other news, Director Jill Bright acquired 135 shares of the firm's stock in a transaction on Friday, January 31st. The stock was purchased at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. This represents a 5.77 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.99% of the company's stock.

Hedge Funds Weigh In On Interactive Brokers Group

A number of institutional investors have recently bought and sold shares of the stock. Donoghue Forlines LLC purchased a new position in shares of Interactive Brokers Group in the 4th quarter valued at approximately $2,088,000. Union Bancaire Privee UBP SA purchased a new position in Interactive Brokers Group during the 4th quarter valued at about $3,750,000. Friedenthal Financial purchased a new stake in Interactive Brokers Group in the fourth quarter worth about $775,000. New Millennium Group LLC bought a new position in shares of Interactive Brokers Group during the fourth quarter valued at approximately $2,319,000. Finally, Caldwell Investment Management Ltd. purchased a new position in shares of Interactive Brokers Group during the fourth quarter valued at approximately $1,215,000. 23.80% of the stock is owned by institutional investors.

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.