The stock is trading at $50.55 impressively higher than the 50 day moving average of $45.26 and quite a bit higher than the 200 day moving average of $39.40. The 50 day moving average was up $5.29 or +11.69% whereas the 200 day average was up by +28.29%. (NASDAQ:IBKR) shares saw heavy trading volume with 872K shares changing hands on Tuesday. Trading volume was up 109.97% over the stocks average daily volume.
Traders are a little more bullish on shares of Interactive Brokers Group, Inc. recently if you pay attention to the decrease in short interest. The firm had a fall in short interest of -8.65% as of the latest report on September 29, 2017. Short interest fell from 5,025,116 to 4,590,220 over that timeframe. With short interest at 4,590,220 and short average daily volume at 455,306, the short-interest ratio is 10.0 and the percentage of shorted shares was 0.07% on September 29.
Here is a rundown on some insider market activity for Interactive Brokers Group, Inc. (NASDAQ:IBKR). CIO Thomas Aj Frank sold 33,700 shares at a price of $49.41 on Fri the 20th. The CIO now owns $15,218,082 of the stock as reported to the SEC. Earl H. Nemser, Vice Chairman sold $83,123 worth of shares at a price of $49.39 on Fri the 20th. Nemser now owns $147,824 of stock per an SEC filing yesterday.
Paul Jonathan Brody, CFO disclosed the sale of 11,171 shares. The shares were sold on October 20th for a price of $49.39. Brody now owns $1,130,093 of the stock per the Form 4 SEC filing.
Additionally, here are a few investment firms who have increased or decreased their stake in (IBKR). As of quarter end Louisiana State Employees Retirement System had acquired a total of 1,300 shares growing its stake by 4.7%. The value of the total investment in Interactive Brokers Group, Inc. increased from $1,037,000 to $1,306,000 a change of $269,000 since the last quarter. As of the end of the quarter Bank Of Montreal /can/ had bought 42 shares growing its position 9.6%. The value of the investment in Interactive Brokers Group, Inc. went from $16,000 to $22,000 increasing 37.5% for the reporting period.
As of the end of the quarter Baillie Gifford & Co had acquired 29,695 shares growing its holdings by 4.7%. The value of the company’s investment in Interactive Brokers Group, Inc. went from $23,795,000 to $29,978,000 a change of 26.0% quarter over quarter. As of the end of the quarter Seabridge Investment Advisors LLC had disposed of 2,350 shares trimming its holdings by 55.0%. The value of the investment in IBKR decreased from $160,000 to $86,000 decreasing 46.3% quarter to quarter.
On July 13, 2017 Rosenblatt initiated coverage on IBKR with an initial rating of “Neutral”.
The company is up since yesterday’s close of 49.39. Additionally Interactive Brokers Group, Inc. declared a dividend for shareholders that will be paid on Thursday December 14th, 2017. The dividend will be $0.100 per share for the quarter or $0.40 annualized. This dividend represents a yield of $0.81. The ex-dividend date is set for Wednesday the 30th of August 2017.
The company currently has a P/E ratio of 43.47 and market capitalization is 3.59B. In the latest earnings report the EPS was $1.16 and is projected to be $1.63 for the current year with 71,109,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.40 and the next full year EPS is anticipated to be $1.68.
Interactive Brokers Group, Inc. (IBG, Inc.), launched on November 14, 2006, is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers. It operates in two segments: electronic brokerage and market making. In the United States, it conducts its business from Greenwich, Connecticut and Chicago, Illinois. Outside the United States, it conducts business in Canada, England, Switzerland, Liechtenstein, China (Hong Kong and Shanghai), India, Australia and Japan. Its primary assets are its membership interests in IBG LLC (the Group), the holding company for its businesses. It is the sole managing member of IBG LLC. As a direct market access broker, it serves the customers of both traditional brokers and prime brokers. It provides its customers with order management, trade execution and portfolio management platform. As of December 31, 2016, as a market maker, it provided continuous bid and offer quotations on over one million securities and futures products listed on electronic exchanges around the world..