Stock Traders Purchase High Volume of Put Options on Interactive Brokers Group (IEX:IBKR)

Interactive Brokers Group, Inc. (IEX:IBKR) saw unusually large options trading on Thursday. Traders bought 1,025 put options on the company. This is an increase of approximately 1,430% compared to the average daily volume of 67 put options.

Hedge funds have recently bought and sold shares of the stock. Prudential Financial Inc. raised its stake in shares of Interactive Brokers Group by 6.2% in the second quarter. Prudential Financial Inc. now owns 46,994 shares of the financial services provider’s stock worth $2,547,000 after purchasing an additional 2,730 shares during the last quarter. Bloom Tree Partners LLC raised its stake in shares of Interactive Brokers Group by 19.0% in the second quarter. Bloom Tree Partners LLC now owns 707,293 shares of the financial services provider’s stock worth $38,335,000 after purchasing an additional 112,845 shares during the last quarter. ARK Investment Management LLC raised its stake in shares of Interactive Brokers Group by 37.2% in the second quarter. ARK Investment Management LLC now owns 26,894 shares of the financial services provider’s stock worth $1,458,000 after purchasing an additional 7,290 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Interactive Brokers Group in the second quarter worth approximately $793,000. Finally, Bares Capital Management Inc. raised its stake in shares of Interactive Brokers Group by 0.8% in the second quarter. Bares Capital Management Inc. now owns 7,243,924 shares of the financial services provider’s stock worth $392,621,000 after purchasing an additional 59,355 shares during the last quarter. 14.79% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on the company. Compass Point upgraded Interactive Brokers Group from a “neutral” rating to a “buy” rating and set a $56.00 price objective on the stock in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating and set a $56.00 price objective on the stock in a research report on Tuesday, September 17th.

Shares of IEX IBKR traded up $0.61 during trading on Friday, reaching $47.92. The company had a trading volume of 338,803 shares, compared to its average volume of 776,800. The company’s fifty day moving average price is $59.23 and its 200-day moving average price is $61.65. Interactive Brokers Group has a 12 month low of $47.13 and a 12 month high of $80.32.

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

About Interactive Brokers Group

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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