() experienced a significant increase in the short interest rate in June. On June 30, there were 1,350,000 short shares, a 15.4% increase from the total of 1,170,000 on June 15. The short-interest rate is currently 1.6 per day based on an 847,800 share average daily trading volume.
Stock Performance of Interactive Brokers Group
During trading hours, Thursday, the stock rose $1.57 to $83.54. The trading volume was 1,797.175 shares compared to the average of 1,075,937. Interactive Brokers Group's 12-month low is $55.42 while its 12-month high is $90.19. The company's market capitalization is $35.05 billion. It has a PEG of 0.65, a P/E ratio of 18.55 and a beta value of 0.78. The last time ) released quarterly earnings was on Tuesday, 18th July. Financial services provider reported $1.32 per share for the quarter. This was below analysts' expectations of $1.40, by $0.08. Interactive Brokers Group's net margin was 8.82%, and its return on equity was 4.14%. Revenue for the quarter was $1,000.00 million, which is lower than analyst expectations of $1.06 Billion. In the same quarter of the previous year, the company had $0.84 in earnings per share. Revenue was up 52.4% year-over-year. Analysts expect Interactive Brokers Group to post an average of 5.7 earnings per share for the current fiscal year.
Interactive Brokers Group Dividend Announcement
A quarterly dividend was also announced by the firm, and will be paid out on Thursday, 14th September. Investors who are in the books as of Friday, September 1, will receive a dividend of $0.10. On an annualized base, this represents a dividend of $0.40 and a yield 0.48%. Ex-dividend day is Thursday, August 31, 2009. The dividend payout ratio of Interactive Brokers Group is currently 9.05%.
Analyst Upgrades and downgrades
IBKR has been the subject of several research reports by equities analysts. Piper Sandler reduced their price target on Interactive Brokers Group to $115.00 in a research report published on Wednesday, April 19. The company was rated as 'overweight.' Citigroup raised their price target on Interactive Brokers Group to $100.00 from $95.00 and gave the stock an 'buy rating' in a research report on Wednesday, 19th April. In a research report published on Thursday 18th May, Interactive Brokers Group was covered. The company was given a rating of 'hold'. Bank of America raised their price target for Interactive Brokers Group to $141,00 in a report published on Wednesday, April 19. The company was also given a "buy" rating. Five analysts have given the company a buy rating, while one has rated it as a hold. MarketBeat.com data shows that the average rating for the stock is 'Moderate' Buy with an average price of $113.60.
Inflows of Institutional Capital and Outflows
Several large investors recently increased or decreased their stakes in IBKR. Belpointe Asset Management LLC purchased a new Interactive Brokers Group position during the fourth quarter, valued at about $25,000. Venturi Wealth Management LLC purchased a new Interactive Brokers Group position during the first quarter valued at $26,000. Banque Cantonale Vaudoise purchased a new Interactive Brokers Group position during the first quarter. The transaction was worth $31,000. Eagle Bay Advisors LLC purchased a new Interactive Brokers Group position during the second quarter for $31,000. Atlas Capital Advisors LLC also acquired a position in Interactive Brokers Group for $40,000. 21.42% of Interactive Brokers Group stock is owned by hedge funds and institutional investors.
Interactive Brokers Group Company profile
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Interactive Brokers Group, Inc is a global automated electronic broker. The company is specialized in routing, executing and processing trades for stocks, futures and foreign exchange instruments. It also handles mutual funds, ETFs, metals and cryptocurrency. It also services and custodies accounts for hedge funds and mutual fund, ETFs and registered investment advisors.
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