Traders are buying a high volume of put options on Interactive Brokers Group (NASDAQ: IBKR)

Interactive Brokers Group, Inc. (NASDAQ: IBKR) was the target of unusual options trading activity on Monday. Stock traders bought 17,088 put options on the company. This represents an increase of 1,851% from the average daily volume of 876 puts.
NASDAQ:IBKR shares opened at $68.19 on Tuesday. Interactive Brokers Group has a 52-week low of $58.84 and a 52-week high of $82.83. The company has a fifty-day moving average of $75.39 and a 200-day moving average of $69.71. The company has a market capitalization of $28.51 billion, a PE ratio of 20.92, a growth price-earnings ratio of 0.86 and a beta of 0.67.
Interactive Brokers Group Inc (NASDAQ: IBKR) last announced its results on Tuesday, January 18. The financial services provider reported earnings per share (EPS) of $0.83 for the quarter, beating the consensus estimate of $0.82 by $0.01. Interactive Brokers Group achieved a net margin of 10.80% and a return on equity of 3.29%. During the same period last year, the company earned earnings per share of $0.69. Equity analysts expect Interactive Brokers Group to post earnings per share of 3.58 for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 14. Shareholders of record on Tuesday, March 1 will receive a dividend of $0.10. This represents an annualized dividend of $0.40 and a yield of 0.59%. The ex-dividend date is Monday, February 28. The Interactive Brokers Group dividend payout ratio is currently 12.27%.
Separately, insider Thomas Aj Frank sold 16,842 shares of Interactive Brokers Group in a trade that took place on Wednesday, November 3. The shares were sold at an average price of $75.64, for a total value of $1,273,928.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Additionally, Chairman Thomas Peterffy sold 20,000 shares of Interactive Brokers Group in a trade that took place on Friday, November 5. The shares were sold at an average price of $74.75, for a total transaction of $1,495,000.00. The disclosure of this sale can be found here. Insiders sold a total of 1,112,423 shares of the company worth $84,216,673 during the last quarter. 11.83% of the shares are held by insiders of the company.
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Institutional investors have recently bought and sold shares of the company. MARSHALL WACE ASIA Ltd increased its stake in Interactive Brokers Group by 140.6% in the second quarter. MARSHALL WACE ASIA Ltd now owns 994,993 shares of the financial services provider worth $65,401,000 after purchasing an additional 581,424 shares in the last quarter. Majedie Asset Management Ltd increased its stake in Interactive Brokers Group by 139.8% in the second quarter. Majedie Asset Management Ltd now owns 277,425 shares of the financial services provider worth $18,243,000 after buying an additional 161,716 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in Interactive Brokers Group by 7.8% in the third quarter. Mutual of America Capital Management LLC now owns 76,926 shares of the financial services provider worth $4,796,000 after buying 5,563 additional shares in the last quarter. Montrusco Bolton Investments Inc. acquired a new stake in Interactive Brokers Group in the second quarter valued at $24,570,000. Finally, Banco Santander SA increased its stake in Interactive Brokers Group by 245.9% in the third quarter. Banco Santander SA now owns 30,261 shares of the financial services provider worth $1,886,000 after buying an additional 21,513 shares in the last quarter. 19.43% of the shares are held by institutional investors and hedge funds.
A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods upgraded Interactive Brokers Group shares from a ‘market performer’ rating to an ‘outperformer’ rating and set a price target of $90.00 for the company in a report research on Wednesday, January 19. Goldman Sachs Group raised its price target on shares of Interactive Brokers Group from $81.00 to $96.00 and gave the company a “neutral” rating in a Tuesday, January 11 research report. Zacks Investment Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “buy” rating and set a price target of $81.00 for the company in a Wednesday, November 24 research report. Finally, Bank of America assumed coverage for Interactive Brokers Group shares in a Wednesday, Dec. 15, research report. They set a “buy” rating and a price target of $126.00 for the company. One research analyst gave the stock a hold rating and five gave the company’s stock a buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $98.67.
About Interactive Brokers Group
Interactive Brokers Group, Inc operates as an investment holding company, which engages in brokerage or dealer and proprietary trading activities. It operates through the following segments: Electronic Brokerage and Corporate. The Electronic Brokerage segment is a direct market access broker, which serves the clients of traditional brokers and prime brokers.
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