Streetbeat News

IBKR

Interactive Brokers Group, Inc.

https://www.interactivebrokers.com

Industry

Financial - Capital Markets

Interactive Brokers Group, Inc. operates as an automated electronic broker worldwide. The company specializes in executing, clearing, and settling trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors. In addition, it offers custody, prime brokerage, securities, and margin lending services. The company serves institutional and individual customers through approximately 150 electronic exchanges and market centers. Interactive Brokers Group, Inc. was founded in 1977 and is headquartered in Greenwich, Connecticut.

Open

170.00

Mkt cap

18B

Volume

1.1M

High

171.38

P/E Ratio

22.93

52-wk high

173.09

Low

166.65

Div yield

0.00

52-wk low

72.60

Interactive Brokers Gr (NYSE:IBKR) has seen a decrease in short interest, now at 2.48 million shares or 2.4% of float, down 10.45% since the last report. This indicates a bullish sentiment as it takes traders 1.95 days to cover short positions. Compared to its peers, IBKR has a lower short interest percentage of 2.4% versus the peer group average of 5.06%, suggesting better performance or sentiment towards IBKR.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 2:30 pm

Interactive Brokers Group, Inc. (NASDAQ:IBKR) reported its February 2024 brokerage metrics, showing significant growth across various indicators. Daily Average Revenue Trades (DARTs) increased by 15% YoY and 11% MoM to 2.443 million. Client equity rose by 35% YoY to $448.2 billion, while margin loan balances grew by 21% YoY to $47.4 billion. Client credit balances reached $102.9 billion, a 5% increase YoY. The number of client accounts grew by 24% YoY to 2.69 million, with an average of 206 annualized cleared DARTs per account. The average commission per cleared Commissionable Order was $2.85.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:50 pm

Interactive Brokers Gr (NYSE:IBKR) has seen a 15.55% increase in short interest since its last report, with 2.85 million shares sold short, representing 2.75% of its float. This indicates a bearish sentiment among traders, although it's below the peer group average of 5.12%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearish activity.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 6:30 pm

Recent insider sales have been reported for DoorDash, KB Home, Interactive Brokers, and Huntington Bancshares. These sales come amidst various company-specific news, such as analyst ratings, executive promotions, and earnings reports. While insider sales can indicate various sentiments about a company's stock, they are not the sole factor to consider for investment decisions.

Portfolio Pulse from Avi Kapoor

February 02, 2024 | 12:40 pm

U.S. stock futures are trading lower, with investor focus on earnings reports from U.S. Bancorp, Interactive Brokers Group, Charles Schwab, Progress Software, and Discover Financial Services. U.S. Bancorp is expected to report earnings before the opening bell, while Charles Schwab and Discover Financial will also release their earnings. Interactive Brokers posted weaker-than-expected Q4 earnings, and Progress Software reported strong Q4 results and provided FY24 guidance.

Portfolio Pulse from Avi Kapoor

January 17, 2024 | 7:11 am

Interactive Brokers Group, Inc. (IBKR) reported mixed Q4 financial results, with earnings of $1.52 per share missing the consensus estimate of $1.55, while revenue of $1.15 billion exceeded expectations. The company saw a 23% growth in customer accounts and a 5% increase in commission revenue, despite mixed trading volumes across product types. Following the earnings release, IBKR shares dropped 2.62% in after-hours trading.

Portfolio Pulse from Ryan Gustafson

January 16, 2024 | 9:40 pm

Interactive Brokers Gr (NASDAQ:IBKR) reported Q4 earnings with an EPS of $1.52, missing estimates by 1.3% against the expected $1.54. Revenue increased by $163 million from the previous year. The company's stock price dropped by 4.12% the day after last quarter's earnings beat, suggesting a potential negative market reaction to the earnings miss.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 9:10 pm

Interactive Brokers reported a 23% increase in customer accounts in Q4, reaching a total of 2.56 million accounts.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 9:03 pm

Interactive Brokers Gr (IBKR) reported Q4 2023 earnings of $1.52 per share, missing the consensus estimate of $1.55 by 1.94%. However, their adjusted revenues of $1.15B exceeded the $1.14B estimate by 1.11%, marking a 17.73% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 9:02 pm

Stock market sentiment is subdued due to bank earnings concerns and upcoming economic data. The S&P 500 is close to all-time highs, and analyst Tom Lee predicts new highs in January based on historical patterns. Futures are down in premarket trading, with SPY and QQQ ETFs declining. Boeing faces a setback with China Southern Airlines delaying a purchase, and Tesla shares are also down. Goldman Sachs, Morgan Stanley, PNC Financial Services, Interactive Brokers, and Progress Software are set to report earnings. Economic data and Fed speeches are anticipated to influence markets.

Portfolio Pulse from Shanthi Rexaline

January 16, 2024 | 12:27 pm

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