Interactive Brokers Group, Inc. (NASDAQ:IBKR) Short Interest Down 15.3% in March

Interactive Brokers Group, Inc. (NASDAQ:IBKR) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 10,231,595 shares, a drop of 15.3% from the March 15th total of 12,075,322 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 5,143,916 shares, the short-interest ratio is presently 2.0 days.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock traded up $2.33 during mid-day trading on Friday, reaching $81.71. 5,484,809 shares of the company were exchanged, compared to its average volume of 4,722,758. The company has a fifty day simple moving average of $70.93 and a 200-day simple moving average of $69.43. Interactive Brokers Group has a 12 month low of $38.10 and a 12 month high of $82.88. The firm has a market cap of $138.61 billion, a PE ratio of 36.89, a PEG ratio of 2.20 and a beta of 1.25.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.15. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The company’s revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. Sell-side analysts anticipate that Interactive Brokers Group will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, February 27th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.48%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Barclays increased their target price on Interactive Brokers Group from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Keefe, Bruyette & Woods started coverage on Interactive Brokers Group in a research note on Wednesday, April 8th. They set a “market perform” rating and a $75.00 target price on the stock. BMO Capital Markets raised their price objective on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $79.00.

Insider Buying and Selling at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 145,000 shares of the stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $77.85, for a total transaction of $11,288,250.00. Following the transaction, the insider owned 155,000 shares in the company, valued at approximately $12,066,750. This trade represents a 48.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 400,000 shares of company stock worth $30,725,122 in the last 90 days. 2.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Interactive Brokers Group

Several hedge funds have recently modified their holdings of the company. Faithward Advisors LLC boosted its holdings in shares of Interactive Brokers Group by 2.8% during the 1st quarter. Faithward Advisors LLC now owns 74,113 shares of the financial services provider’s stock valued at $4,971,000 after acquiring an additional 2,040 shares in the last quarter. CENTRAL TRUST Co boosted its holdings in shares of Interactive Brokers Group by 12.3% during the 1st quarter. CENTRAL TRUST Co now owns 38,915 shares of the financial services provider’s stock valued at $2,610,000 after acquiring an additional 4,257 shares in the last quarter. Mainstream Capital Management LLC boosted its holdings in shares of Interactive Brokers Group by 1.2% during the 1st quarter. Mainstream Capital Management LLC now owns 21,814 shares of the financial services provider’s stock valued at $1,463,000 after acquiring an additional 262 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of Interactive Brokers Group by 211.4% during the 1st quarter. AdvisorNet Financial Inc now owns 987 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 670 shares in the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. boosted its holdings in shares of Interactive Brokers Group by 1.6% during the 1st quarter. Arkfeld Wealth Strategies L.L.C. now owns 44,376 shares of the financial services provider’s stock valued at $2,976,000 after acquiring an additional 683 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.