Interactive Brokers (IBKR)

• Market cap: $18.7B
• 1 day: 3.99%
• 5 days: -4.12%
• 1 month: -14.56%
• 3 months: -5.65%
• 6 months: 24.53%
• Year to date: -5.65%
• 1 year: 53.67%
• 5 years: 298.13%
• 10 years: 400.41%
• 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)

335% more first-time investments, than exits

New positions opened: 161 | Existing positions closed: 37

27% more capital invested

Capital invested by funds: $13.3B [Q3] → $16.9B (+$3.64B) [Q4]

23% more call options, than puts

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

20% more funds holding

Funds holding: 579 [Q3] → 692 (+113) [Q4]

17% more funds holding in top 10

Funds holding in top 10: 24 [Q3] → 28 (+4) [Q4]

4% less repeat investments, than reductions

Existing positions increased: 224 | Existing positions reduced: 234

1.9% less ownership

Funds ownership: 87.73% [Q3] → 85.83% (-1.9%) [Q4]

Research analyst outlook

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

• Low target: $195 13% upside
• Avg. target: $224 30% upside
• High target: $265 54% upside

5 analyst ratings

• positive: 4 80%
• neutral: 1 20%
• negative: 0 0%

UBS Brennan Hawken 53% 1-year accuracy 18 / 34 met price target	54% upside $265	Buy Maintained	27 Jan 2025
Piper Sandler Patrick Moley 80% 1-year accuracy 36 / 45 met price target	22% upside $210	Overweight Reiterated	22 Jan 2025
Barclays Benjamin Budish 69% 1-year accuracy 86 / 124 met price target	34% upside $231	Overweight Maintained	22 Jan 2025
Keefe, Bruyette & Woods Kyle Voigt 74% 1-year accuracy 23 / 31 met price target	13% upside $195	Market Perform Maintained	13 Jan 2025
Citigroup Christopher Allen 74% 1-year accuracy 14 / 19 met price target	28% upside $220	Buy Maintained	10 Jan 2025