Interactive Brokers (IBKR)

• Market cap: $23.8B
• 1 day: -3.22%
• 5 days: -6.62%
• 1 month: 13.43%
• 3 months: 14.09%
• 6 months: 77.32%
• Year to date: 19.85%
• 1 year: 108.20%
• 5 years: 297.40%
• 10 years: 575.93%
• Sector: Financials
• Industry: Security Brokers, Dealers & Flotation Companies

About: Interactive Brokers is an online brokerage that generates trading commissions (around 31% of net revenue) from facilitating trading in a wide range of products, including equity, options, futures, foreign exchange, bonds, mutual funds, and ETFs. Interactive Brokers also generates net interest income (about 64% of net revenue) from idle client cash and earns fees (about 6% of net revenue) from ancillary services. Principal trading and other miscellaneous activities are small (about 5% of net revenue). The firm derives about 70% of its net revenue from the U.S. and 30% from international markets.

Employees: 2,951

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

308% more first-time investments, than exits

New positions opened: 151 | Existing positions closed: 37

29% more capital invested

Capital invested by funds: $13.3B [Q3] → $17.1B (+$3.79B) [Q4]

23% more call options, than puts

Call options by funds: $316M | Put options by funds: $257M

15% more funds holding

Funds holding: 579 [Q3] → 668 (+89) [Q4]

13% more funds holding in top 10

Funds holding in top 10: 24 [Q3] → 27 (+3) [Q4]

4% less repeat investments, than reductions

Existing positions increased: 218 | Existing positions reduced: 226

2.06% less ownership

Funds ownership: 87.74% [Q3] → 85.69% (-2.06%) [Q4]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $195 11% downside
• Avg. target: $219 0% upside
• High target: $265 21% upside

6 analyst ratings

• positive: 5 83%
• neutral: 1 17%
• negative: 0 0%

UBS Brennan Hawken 74% 1-year accuracy 25 / 34 met price target	21% upside $265	Buy Maintained	27 Jan 2025
Piper Sandler Patrick Moley 89% 1-year accuracy 39 / 44 met price target	4% downside $210	Overweight Reiterated	22 Jan 2025
Barclays Benjamin Budish 76% 1-year accuracy 95 / 125 met price target	6% upside $231	Overweight Maintained	22 Jan 2025
Keefe, Bruyette & Woods Kyle Voigt 71% 1-year accuracy 22 / 31 met price target	11% downside $195	Market Perform Maintained	13 Jan 2025
Citigroup Christopher Allen 80% 1-year accuracy 16 / 20 met price target	1% upside $220	Buy Maintained	10 Jan 2025