Short Interest in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Rises By 26.6%

Interactive Brokers Group, Inc. (NASDAQ:IBKR) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 3,090,000 shares, an increase of 26.6% from the February 13th total of 2,440,000 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily volume of 1,790,000 shares, the short-interest ratio is presently 1.7 days.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Citigroup upped their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Barclays upped their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group boosted their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Piper Sandler restated an “overweight” rating and issued a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods boosted their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.13.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $172.69 on Wednesday. The firm has a market cap of $72.97 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 1.59 and a beta of 0.99. The business’s fifty day moving average is $203.99 and its 200 day moving average is $176.07. Interactive Brokers Group has a 52-week low of $103.69 and a 52-week high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates 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%. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.52 EPS. Equities analysts predict that Interactive Brokers Group will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.58%. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was bought at an average cost of $219.51 per share, with a total value of $29,633.85. Following the completion of the transaction, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. The trade was a 5.77 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.99% of the company’s stock.

Hedge Funds Weigh In On Interactive Brokers Group

Institutional investors have recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. bought a new position in Interactive Brokers Group in the 4th quarter worth about $25,000. SRH Advisors LLC purchased a new position in shares of Interactive Brokers Group in the 4th quarter worth about $28,000. Versant Capital Management Inc boosted its holdings in shares of Interactive Brokers Group by 66.4% in the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 71 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Interactive Brokers Group by 90.7% in the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 88 shares in the last quarter. Finally, Rialto Wealth Management LLC purchased a new position in shares of Interactive Brokers Group in the 4th quarter worth about $33,000. 23.80% of the stock is currently owned by institutional investors.

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.