Short interest in Interactive Brokers Group, Inc. (NASDAQ: IBKR) increases 23.2%
Interactive Brokers Group, Inc. (NASDAQ: IBKR) was the target of strong short-term interest growth in September. As of September 15, there was short interest totaling 2,810,000 shares, an increase of 23.2% from the total of 2,280,000 shares as of August 31. About 3.2% of the company’s shares are sold short. Based on an average daily volume of 639,200 shares, the day / hedge ratio is currently 4.4 days.
Separately, Zacks Investment Research upgraded Interactive Brokers Group from a “buy” rating to a “hold” rating and set a price target of $ 72.00 for the company. in a research report on Wednesday, June 9. One research analyst rated the stock with a sell rating, two assigned a conservation rating, and three assigned a buy rating to the company’s stock. According to MarketBeat data, the stock currently has a consensus rating of “Hold” and an average price target of $ 82.50.
Interactive Brokers Group stock traded up $ 2.14 in the midday session on Wednesday, reaching $ 69.24. 67,803 shares of the company were traded, for an average volume of 854,325. The stock’s 50-day simple moving average is $ 62.88 and its 200-day simple moving average is $ 66.64. The company has a market cap of $ 28.95 billion, a price-to-earnings ratio of 18.90 and a beta of 0.66. Interactive Brokers Group has a 52 week low of $ 46.71 and a 52 week high of $ 80.57.
Interactive Brokers Group (NASDAQ: IBKR) last released its quarterly results on Monday, July 19. The financial services provider reported earnings per share of $ 0.82 for the quarter, meeting analyst consensus estimates of $ 0.82. The company posted revenue of $ 754.00 million in the quarter, compared to a consensus estimate of $ 701.17 million. Interactive Brokers Group had a net margin of 10.80% and a return on equity of 2.89%. The company’s quarterly revenue increased 39.9% year-over-year. During the same period of the previous year, the company made a profit of $ 0.57 per share. On average, sell-side analysts expect Interactive Brokers Group to post earnings per share of 3.13 for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 14. Investors of record on Wednesday, September 1 received a dividend of $ 0.10. The ex-dividend date was Tuesday August 31. This represents an annualized dividend of $ 0.40 and a return of 0.58%. The Interactive Brokers Group payout ratio is 16.06%.
Separately, insider Thomas Aj Frank sold 17,786 shares of the company in a trade on Tuesday, August 3. The stock was sold for an average price of $ 61.48, for a total trade of $ 1,093,483.28. The sale was disclosed in a document filed with the SEC, which is available on the SEC’s website. In addition, Chairman Thomas Peterffy sold 20,000 shares of Interactive Brokers Group in a trade on Monday, October 4. The shares were sold for an average price of $ 64.29, for a total value of $ 1,285,800.00. Disclosure of this sale can be found here. Insiders have sold a total of 912,894 shares of the company valued at $ 57,211,245 in the past 90 days. Insiders own 11.83% of the company’s shares.
A number of hedge funds have recently increased or reduced their holdings in the stock. Kestra Advisory Services LLC acquired a new position in shares of Interactive Brokers Group during the first quarter valued at approximately $ 212,000. Russell Investments Group Ltd. increased its position in Interactive Brokers Group shares by 11.4% in the first quarter. Russell Investments Group Ltd. now owns 145,499 shares of the financial services provider valued at $ 10,609,000 after acquiring an additional 14,869 shares during the period. Teacher Retirement System of Texas increased its position in Interactive Brokers Group shares by 22.8% in the first quarter. Teacher Retirement System of Texas now owns 8,217 shares of the financial services provider valued at $ 600,000 after acquiring an additional 1,525 shares during the period. Sei Investments Co. increased its stake in Interactive Brokers Group by 29.5% in the 1st quarter. Sei Investments Co. now owns 59,981 shares of the financial services provider valued at $ 4,381,000 after purchasing an additional 13,665 shares during the period. Finally, Panagora Asset Management Inc. increased its stake in Interactive Brokers Group by 68.5% in the 1st quarter. Panagora Asset Management Inc. now owns 3,706 shares of the financial services provider valued at $ 271,000 after purchasing an additional 1,506 shares during the period. Institutional investors and hedge funds hold 19.05% of the company’s shares.
Interactive Brokers Group Company Profile
Interactive Brokers Group, Inc. operates as an investment holding company, which engages in brokerage or proprietary trading and trading activities. It operates through the following segments: Electronic Brokerage and Businesses. The Electronic Brokerage segment is a direct-to-market brokerage, serving clients of both traditional brokers and prime brokers.
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