Interactive Brokers Group, Inc. (NASDAQ:IBKR) Sees Significant Decrease in Short Interest

Interactive Brokers Group, Inc. (NASDAQ:IBKR) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 2,690,000 shares, a decline of 6.6% from the March 15th total of 2,880,000 shares. Based on an average daily volume of 1,140,000 shares, the short-interest ratio is currently 2.4 days.

Interactive Brokers Group Trading Up 2.7 %

IBKR traded up $2.92 on Wednesday, reaching $110.31. The company had a trading volume of 1,612,177 shares, compared to its average volume of 1,181,558. The company has a market capitalization of $46.44 billion, a P/E ratio of 18.97, a PEG ratio of 1.24 and a beta of 0.83. The company has a fifty day moving average of $107.89 and a 200-day moving average of $92.43. Interactive Brokers Group has a one year low of $70.83 and a one year high of $116.92.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.01). Interactive Brokers Group had a net margin of 7.72% and a return on equity of 4.66%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the firm posted $1.30 EPS. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. Research analysts predict that Interactive Brokers Group will post 6.36 EPS for the current year.

Analysts Set New Price Targets

IBKR has been the topic of several recent analyst reports. Piper Sandler raised their target price on Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Citigroup boosted their price target on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $88.00 to $102.00 in a research report on Tuesday, January 9th. Barclays raised their price objective on Interactive Brokers Group from $117.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, UBS Group reduced their target price on shares of Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a report on Tuesday, January 9th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $118.13.

Insider Transactions at Interactive Brokers Group

In other news, insider Thomas Aj Frank sold 12,917 shares of Interactive Brokers Group stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $88.68, for a total value of $1,145,479.56. Following the completion of the transaction, the insider now directly owns 497,368 shares of the company’s stock, valued at approximately $44,106,594.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Vice Chairman Earl H. Nemser sold 25,782 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $95.71, for a total transaction of $2,467,595.22. Following the transaction, the insider now owns 208,770 shares in the company, valued at $19,981,376.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas Aj Frank sold 12,917 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $88.68, for a total value of $1,145,479.56. Following the completion of the sale, the insider now directly owns 497,368 shares of the company’s stock, valued at $44,106,594.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 441,800 shares of company stock worth $41,540,615. Company insiders own 3.21% of the company’s stock.

Institutional Trading of Interactive Brokers Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. 180 Wealth Advisors LLC bought a new stake in Interactive Brokers Group in the 1st quarter valued at $224,000. Thrive Wealth Management LLC bought a new position in Interactive Brokers Group during the first quarter worth about $246,000. Wallace Advisory Group LLC boosted its holdings in Interactive Brokers Group by 8.8% in the 1st quarter. Wallace Advisory Group LLC now owns 2,693 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 217 shares during the period. Factory Mutual Insurance Co. acquired a new stake in Interactive Brokers Group during the first quarter worth approximately $3,351,000. Finally, MJP Associates Inc. ADV acquired a new stake in shares of Interactive Brokers Group during the 1st quarter worth $300,000. 23.80% of the stock is 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.