This afternoon we watched Interactive Brokers rise 2.3% to a price of $89.2 per share. The mid-cap Capital Markets company is now trading -19.07% below its average target price of $110.22. Analysts have set target prices ranging from $101.0 to $146.0 per share for Interactive Brokers, and have given the stock an average rating of buy.
Interactive Brokers's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.4%. The stock's short ratio is 1.92. The company's insiders own 3.85% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 88.6%. In conclusion, we believe there is positive market sentiment regarding Interactive Brokers.
Institutions Invested in Interactive Brokers
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 9% | 9,566,830 | $853,361,206 |
| 2023-09-30 | Blackrock Inc. | 8% | 9,007,138 | $803,436,682 |
| 2023-09-30 | Orbis Allan Gray Ltd | 8% | 8,149,137 | $726,902,995 |
| 2023-09-30 | Kayne Anderson Rudnick Investment Management LLC | 6% | 6,371,599 | $568,346,611 |
| 2023-09-30 | Cantillon Capital Management LLC | 4% | 3,819,629 | $340,710,895 |
| 2023-09-30 | Greenwich Wealth Management Llc | 3% | 3,117,859 | $278,113,013 |
| 2023-09-30 | State Street Corporation | 3% | 2,964,780 | $264,458,366 |
| 2023-09-30 | Bares Capital Management Inc | 2% | 2,566,395 | $228,922,426 |
| 2023-09-30 | Marshall Wace LLP | 2% | 2,541,679 | $226,717,759 |
| 2023-09-30 | Bank of America Corporation | 2% | 1,970,416 | $175,761,101 |
