Short Interest in Interactive Brokers Group Decreases By 34.3% (IBKR)
Interactive Brokers Group (NASDAQ:IBKR) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 599,828 shares, a drop of 34.3% from the June 13th total of 913,054 shares, ARN reports. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 453,553 shares, the short-interest ratio is presently 1.3 days.
In other Interactive Brokers Group news, SVP Milan Galik unloaded 1,800 shares of the company’s stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $22.12, for a total transaction of $39,816.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on IBKR. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Interactive Brokers Group from $26.00 to $27.00 in a research note on Friday, July 11th. Separately, analysts at Zacks downgraded shares of Interactive Brokers Group from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 9th. They now have a $24.50 price target on the stock. Finally, analysts at Zacks upgraded shares of Interactive Brokers Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 27th. They now have a $25.50 price target on the stock.
Interactive Brokers Group (NASDAQ:IBKR) opened at 22.27 on Tuesday. Interactive Brokers Group has a one year low of $16.05 and a one year high of $25.03. The stock’s 50-day moving average is $23.20 and its 200-day moving average is $22.63. The company has a market cap of $1.249 billion and a P/E ratio of 22.75.
Interactive Brokers Group (NASDAQ:IBKR) last released its earnings data on Tuesday, July 15th. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.29 by $0.03. The company had revenue of $309.30 million for the quarter, compared to the consensus estimate of $331.58 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Analysts expect that Interactive Brokers Group will post $1.15 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 12th. Investors of record on Friday, August 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Wednesday, August 27th.
Interactive Brokers Group, Inc (NASDAQ:IBKR) is a holding company.
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