Short Interest in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Decreases By 24.5%

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 2,030,000 shares, a drop of 24.5% from the March 15th total of 2,690,000 shares. Based on an average daily trading volume, of 2,270,000 shares, the short-interest ratio is presently 0.9 days. Approximately 0.5% of the shares of the stock are short sold.

Analyst Ratings Changes

IBKR has been the subject of a number of recent research reports. StockNews.com cut Interactive Brokers Group from a "hold" rating to a "sell" rating in a research report on Friday, April 18th. Barclays increased their price target on shares of Interactive Brokers Group from $188.00 to $193.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 16th. Piper Sandler lowered their price objective on shares of Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Bank of America cut their target price on Interactive Brokers Group from $265.00 to $243.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Finally, Citigroup lowered their price target on Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $207.88.

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Jill Bright acquired 135 shares of the business's stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the transaction, the director now directly owns 2,476 shares of the company's stock, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.99% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. purchased a new position in shares of Interactive Brokers Group during the 4th quarter valued at $25,000. SRH Advisors LLC acquired a new position in Interactive Brokers Group in the 4th quarter worth about $28,000. Versant Capital Management Inc raised its stake in shares of Interactive Brokers Group by 66.4% during 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. lifted its holdings in shares of Interactive Brokers Group by 90.7% during the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock valued at $33,000 after buying an additional 88 shares during the last quarter. Finally, Rialto Wealth Management LLC bought a new stake in shares of Interactive Brokers Group in the 4th quarter valued at approximately $33,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Performance

NASDAQ IBKR traded up $7.34 on Thursday, reaching $169.05. The company's stock had a trading volume of 1,300,777 shares, compared to its average volume of 1,355,175. The stock has a market cap of $71.44 billion, a PE ratio of 23.94, a PEG ratio of 1.59 and a beta of 1.02. The firm's 50 day moving average is $179.25 and its two-hundred day moving average is $181.54. Interactive Brokers Group has a twelve month low of $103.69 and a twelve month high of $236.53.

Interactive Brokers Group shares are set to split on Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly created shares will be distributed to shareholders after the market closes on Tuesday, June 17th.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $1.88 EPS for the quarter, missing analysts' consensus estimates of $1.92 by ($0.04). Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. Equities research analysts anticipate that Interactive Brokers Group will post 7.46 EPS for the current fiscal year.

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.