Short Interest in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Expands By 10.0%

Interactive Brokers Group, Inc. (NASDAQ:IBKR) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 2,410,000 shares, a growth of 10.0% from the August 15th total of 2,190,000 shares. Based on an average daily trading volume, of 916,500 shares, the short-interest ratio is presently 2.6 days.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. StockNews.com initiated coverage on shares of Interactive Brokers Group in a research note on Thursday, August 17th. They set a “hold” rating for the company. Jefferies Financial Group increased their price target on shares of Interactive Brokers Group from $104.00 to $106.00 in a research note on Monday, June 5th. The Goldman Sachs Group started coverage on Interactive Brokers Group in a research report on Tuesday. They set a “neutral” rating and a $97.00 price target on the stock. Finally, Barclays raised their target price on shares of Interactive Brokers Group from $97.00 to $106.00 in a research note on Thursday, July 13th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $110.83.

Interactive Brokers Group Stock Performance

Shares of Interactive Brokers Group stock traded down $1.05 during trading on Tuesday, reaching $89.58. 1,171,486 shares of the company’s stock were exchanged, compared to its average volume of 1,028,298. Interactive Brokers Group has a 1-year low of $62.70 and a 1-year high of $95.59. The company has a market cap of $37.71 billion, a P/E ratio of 18.32, a PEG ratio of 0.81 and a beta of 0.79. The firm’s 50-day moving average price is $89.62 and its 200 day moving average price is $83.30.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.08). Interactive Brokers Group had a return on equity of 4.41% and a net margin of 8.14%. The company had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the company earned $0.84 earnings per share. Interactive Brokers Group’s revenue for the quarter was up 52.4% compared to the same quarter last year. As a group, equities research analysts predict that Interactive Brokers Group will post 5.62 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Friday, September 1st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.45%. Interactive Brokers Group’s payout ratio is currently 8.16%.

Insider Buying and Selling at Interactive Brokers Group

In other news, CFO Paul Jonathan Brody sold 11,747 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $94.64, for a total value of $1,111,736.08. Following the transaction, the chief financial officer now owns 488,253 shares of the company’s stock, valued at approximately $46,208,263.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Thomas Aj Frank sold 20,593 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $94.61, for a total value of $1,948,303.73. Following the sale, the insider now directly owns 1,041,275 shares in the company, valued at $98,515,027.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Paul Jonathan Brody sold 11,747 shares of Interactive Brokers Group stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $94.64, for a total value of $1,111,736.08. Following the completion of the sale, the chief financial officer now directly owns 488,253 shares in the company, valued at approximately $46,208,263.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,150 shares of company stock worth $6,094,096. Insiders own 3.34% of the company’s stock.

Institutional Investors Weigh In On Interactive Brokers Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Portside Wealth Group LLC acquired a new stake in shares of Interactive Brokers Group during the 2nd quarter worth approximately $860,000. Virginia Retirement Systems ET AL bought a new stake in shares of Interactive Brokers Group during the second quarter valued at approximately $1,836,000. Comerica Bank bought a new position in Interactive Brokers Group in the 2nd quarter valued at about $39,120,000. Teachers Retirement System of The State of Kentucky boosted its stake in Interactive Brokers Group by 10.3% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 18,174 shares of the financial services provider’s stock valued at $1,510,000 after purchasing an additional 1,694 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in Interactive Brokers Group by 6.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 253,287 shares of the financial services provider’s stock worth $21,041,000 after purchasing an additional 15,654 shares in the last quarter. Institutional investors own 21.56% of the company’s stock.

About Interactive Brokers Group

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in routing, executing, and processing trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.