Interactive Brokers (IBKR)

• Market cap: $18.4B
• 1 day: 4.54%
• 5 days: 6.32%
• 1 month: -6.05%
• 3 months: -22.80%
• 6 months: 14.07%
• Year to date: -7.37%
• 1 year: 46.19%
• 5 years: 337.73%
• 10 years: 390.14%
• Sector: Financials
• Industry: Capital Markets

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 exchange-traded funds. 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 US and 30% from international markets.

Employees: 2,998

Fund manager confidence

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

353% more first-time investments, than exits

New positions opened: 163 | Existing positions closed: 36

33% more capital invested

Capital invested by funds: $12.7B [Q3] → $16.9B (+$4.19B) [Q4]

23% more call options, than puts

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

20% more funds holding

Funds holding: 580 [Q3] → 696 (+116) [Q4]

17% more funds holding in top 10

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

1.74% more ownership

Funds ownership: 84.13% [Q3] → 85.87% (+1.74%) [Q4]

4% less repeat investments, than reductions

Existing positions increased: 225 | Existing positions reduced: 235

Research analyst outlook

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

• Low target: $192 14% upside
• Avg. target: $222 31% upside
• High target: $265 57% upside

5 analyst ratings

• positive: 5 100%
• neutral: 0 0%
• negative: 0 0%

Barclays Benjamin Budish 60% 1-year accuracy 79 / 132 met price target	14% upside $193	Overweight Maintained	16 Apr 2025
B of A Securities Craig Siegenthaler 50% 1-year accuracy 18 / 36 met price target	44% upside $243	Buy Maintained	16 Apr 2025
Piper Sandler Patrick Moley 70% 1-year accuracy 31 / 44 met price target	14% upside $192	Overweight Maintained	8 Apr 2025
Citigroup Christopher Allen 55% 1-year accuracy 11 / 20 met price target	27% upside $215	Buy Maintained	2 Apr 2025
UBS Brennan Hawken 50% 1-year accuracy 17 / 34 met price target	57% upside $265	Buy Maintained	27 Jan 2025