Interactive Brokers Group Sees Unusually High Options Volume (IEX:IBKR)

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Interactive Brokers Group, Inc. (IEX:IBKR) saw unusually large options trading on Thursday. Investors acquired 741 call options on the stock. This is an increase of approximately 1,095% compared to the average volume of 62 call options.

IBKR stock traded up $0.61 during trading on Friday, hitting $47.92. The company had a trading volume of 338,803 shares, compared to its average volume of 776,800. The company has a fifty day moving average price of $59.23 and a two-hundred day moving average price of $61.65. Interactive Brokers Group has a fifty-two week low of $47.13 and a fifty-two week high of $80.32.

Interactive Brokers Group (IEX:IBKR) last announced its quarterly earnings results on Friday, August 2nd. The financial services provider reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.06. The company had revenue of $283.20 million during the quarter, compared to analyst estimates of $282.40 million. During the same period in the prior year, the firm earned $1.05 EPS. Interactive Brokers Group’s quarterly revenue was down .1% compared to the same quarter last year.

Several brokerages have recently weighed in on IBKR. Zacks Investment Research raised Interactive Brokers Group from a “sell” rating to a “hold” rating and set a $56.00 price objective on the stock in a report on Tuesday, September 17th. Compass Point raised Interactive Brokers Group from a “neutral” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Wednesday, October 2nd.

Several hedge funds have recently added to or reduced their stakes in IBKR. SG Americas Securities LLC raised its position in shares of Interactive Brokers Group by 19.1% during the first quarter. SG Americas Securities LLC now owns 5,078 shares of the financial services provider’s stock worth $263,000 after acquiring an additional 815 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Interactive Brokers Group during the first quarter worth $998,000. Raymond James Financial Services Advisors Inc. raised its position in shares of Interactive Brokers Group by 9.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 70,798 shares of the financial services provider’s stock worth $3,673,000 after acquiring an additional 5,914 shares during the last quarter. Raymond James & Associates raised its position in shares of Interactive Brokers Group by 1,653.8% during the first quarter. Raymond James & Associates now owns 68,293 shares of the financial services provider’s stock worth $3,543,000 after acquiring an additional 64,399 shares during the last quarter. Finally, Mason Street Advisors LLC raised its position in shares of Interactive Brokers Group by 1.5% during the first quarter. Mason Street Advisors LLC now owns 39,927 shares of the financial services provider’s stock worth $2,071,000 after acquiring an additional 598 shares during the last quarter. Institutional investors own 14.79% of the company’s stock.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an automated electronic broker in approximately 120 electronic exchanges and market centers worldwide. It specializes in executing and clearing trades in securities, futures, foreign exchange instruments, bonds, and mutual funds. The company custodies and services accounts for hedge and mutual funds, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.

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