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

Interactive Brokers Group, Inc. (NASDAQ:IBKR) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 1,820,000 shares, an increase 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.

Interactive Brokers Group Stock Down 2.8 %

IBKR opened at $185.68 on Tuesday. The company has a market capitalization of $78.45 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 1.50 and a beta of 0.79. The firm has a 50-day simple moving average of $160.09 and a two-hundred day simple moving average of $136.09. Interactive Brokers Group has a 52 week low of $77.75 and a 52 week high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). The firm had revenue of $2.45 billion for 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 in the prior year, the business earned $1.55 EPS. As a group, sell-side analysts expect that Interactive Brokers Group will post 6.82 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Friday, November 29th. Interactive Brokers Group’s payout ratio is 15.27%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barclays cut their price target on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Piper Sandler reaffirmed an “overweight” rating and set a $163.00 price target on shares of Interactive Brokers Group in a report on Wednesday, October 16th. UBS Group increased their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, Jefferies Financial Group lifted their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average target price of $148.38.

Hedge Funds Weigh In On Interactive Brokers Group

Several institutional investors have recently bought and sold shares of IBKR. Tortoise Investment Management LLC raised its holdings in Interactive Brokers Group by 76.6% during the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock valued at $31,000 after buying an additional 111 shares during the period. Fairfield Financial Advisors LTD purchased a new stake in shares of Interactive Brokers Group in the second quarter valued at $32,000. UMB Bank n.a. lifted its holdings in shares of Interactive Brokers Group by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 224 shares during the last quarter. Smithfield Trust Co boosted its stake in shares of Interactive Brokers Group by 80.6% during the 3rd quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 154 shares during the period. Finally, Darwin Wealth Management LLC bought a new position in Interactive Brokers Group during the 3rd quarter valued at about $49,000. Institutional investors own 23.80% of the company’s stock.

About Interactive Brokers Group

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.