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Interactive Brokers' (IBKR) March DARTs Record Y/Y Decline
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Interactive Brokers Group, Inc.’s (IBKR - Free Report) Electronic Brokerage segment reported a year-over-year fall in Daily Average Revenue Trades (DARTs) for Mar 2017. The segment deals in clearance and settlement of trades for both individual and institutional clients globally.
Total client DARTs were 649,000, down 1% from Mar 2016. Also, DARTs were down 4% from Feb 2017. However, total customer accounts were 406,000, up 18% year over year and 2% from the prior month.
On an annualized basis, the company recorded Cleared Average DARTs per customer account of 375,000 in March. This reflects a decrease of 16% from the prior-year month and 6% from the previous month.
Interactive Brokers’ total option contracts were 24.9 million, up 12% from both the year-ago month and Feb 2017. However, future contracts fell 4% from Mar 2016 and rose 31% from Feb 2017 to 10.9 million.
Interactive Brokers provides data related to period-end statistics for client equity, credit balances and margin loan balances. For the period ended Mar 2017, client equity was $96.8 billion, up 38% year over year and 4% from the previous month.
In addition, Interactive Brokers recorded client credit balance of $43.8 billion for the reported month, up 16% year over year and 1% from the prior month. Further, the company’s customer margin loan balance of $20.9 billion climbed 39% from the prior-year period and 7% from the preceding month.
Notably, the Zacks Consensus Estimate for 2017 declined nearly 1% to $1.47 per share, in the last 30 days. In addition, Interactive Brokers’ shares lost around 9.0% over the last six months, significantly underperforming the 25.6% gain for the Zacks categorized Financial - Investment Bank industry.
Among other investment brokers, TD Ameritrade Holding Corporation (AMTD - Free Report) , The Charles Schwab Corporation (SCHW - Free Report) and E*TRADE Financial Corporation are likely to come up with their respective monthly metrics data in the coming weeks.
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Interactive Brokers' (IBKR) March DARTs Record Y/Y Decline
Interactive Brokers Group, Inc.’s (IBKR - Free Report) Electronic Brokerage segment reported a year-over-year fall in Daily Average Revenue Trades (DARTs) for Mar 2017. The segment deals in clearance and settlement of trades for both individual and institutional clients globally.
Total client DARTs were 649,000, down 1% from Mar 2016. Also, DARTs were down 4% from Feb 2017. However, total customer accounts were 406,000, up 18% year over year and 2% from the prior month.
On an annualized basis, the company recorded Cleared Average DARTs per customer account of 375,000 in March. This reflects a decrease of 16% from the prior-year month and 6% from the previous month.
Interactive Brokers’ total option contracts were 24.9 million, up 12% from both the year-ago month and Feb 2017. However, future contracts fell 4% from Mar 2016 and rose 31% from Feb 2017 to 10.9 million.
Interactive Brokers provides data related to period-end statistics for client equity, credit balances and margin loan balances. For the period ended Mar 2017, client equity was $96.8 billion, up 38% year over year and 4% from the previous month.
In addition, Interactive Brokers recorded client credit balance of $43.8 billion for the reported month, up 16% year over year and 1% from the prior month. Further, the company’s customer margin loan balance of $20.9 billion climbed 39% from the prior-year period and 7% from the preceding month.
Notably, the Zacks Consensus Estimate for 2017 declined nearly 1% to $1.47 per share, in the last 30 days. In addition, Interactive Brokers’ shares lost around 9.0% over the last six months, significantly underperforming the 25.6% gain for the Zacks categorized Financial - Investment Bank industry.
At present, Interactive Brokers carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Among other investment brokers, TD Ameritrade Holding Corporation (AMTD - Free Report) , The Charles Schwab Corporation (SCHW - Free Report) and E*TRADE Financial Corporation are likely to come up with their respective monthly metrics data in the coming weeks.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>