Interactive Brokers Group, Inc. (NASDAQ:IBKR) Short Interest Down 8.2% in July

Interactive Brokers Group, Inc. (NASDAQ:IBKR) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 2,250,000 shares, a drop of 8.2% from the July 15th total of 2,450,000 shares. Based on an average daily volume of 894,400 shares, the short-interest ratio is currently 2.5 days.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IBKR. UBS Group increased their price objective on shares of Interactive Brokers Group from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Jefferies Financial Group increased their price objective on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Keefe, Bruyette & Woods cut shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $128.00 to $135.00 in a research report on Thursday, July 11th. Finally, Barclays increased their price objective on shares of Interactive Brokers Group from $145.00 to $147.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $132.33.

Interactive Brokers Group Stock Up 0.9 %

Shares of IBKR stock opened at $121.95 on Tuesday. Interactive Brokers Group has a 52 week low of $72.60 and a 52 week high of $129.19. The firm has a 50 day moving average of $120.53 and a two-hundred day moving average of $115.70. The stock has a market capitalization of $51.35 billion, a PE ratio of 20.85, a P/E/G ratio of 1.07 and a beta of 0.81.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.02. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the business earned $1.32 EPS. The company’s revenue was up 21.2% on a year-over-year basis. Analysts expect that Interactive Brokers Group will post 6.76 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.82%. Interactive Brokers Group’s payout ratio is 17.09%.

Institutional Investors Weigh In On Interactive Brokers Group

A number of hedge funds and other institutional investors have recently modified their holdings of IBKR. International Assets Investment Management LLC acquired a new stake in shares of Interactive Brokers Group in the 4th quarter valued at $7,841,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Interactive Brokers Group by 8.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,554 shares of the financial services provider’s stock worth $1,621,000 after acquiring an additional 1,530 shares in the last quarter. Xponance Inc. raised its stake in Interactive Brokers Group by 2.7% during the 4th quarter. Xponance Inc. now owns 13,125 shares of the financial services provider’s stock worth $1,088,000 after acquiring an additional 347 shares in the last quarter. Aspire Private Capital LLC raised its stake in Interactive Brokers Group by 6.1% during the 4th quarter. Aspire Private Capital LLC now owns 10,584 shares of the financial services provider’s stock worth $877,000 after acquiring an additional 609 shares in the last quarter. Finally, Cumberland Partners Ltd raised its stake in Interactive Brokers Group by 62.5% during the 4th quarter. Cumberland Partners Ltd now owns 32,500 shares of the financial services provider’s stock worth $2,694,000 after acquiring an additional 12,500 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Company Profile

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.