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Analyst Blog

Interactive Brokers Group, Inc.’s (IBKR - Free Report) Electronic Brokerage segment reported a rise in Daily Average Revenue Trades (DARTs) for Nov 2016. The segment deals with the clearance and settling of trades for both individual and institutional clients globally.

Total client DARTs were 728,000, up 14% from Nov 2015 and 21% from Oct 2016. Also, total customer accounts were 380,100, up 15% year over year and 1% from the prior month.

On an annualized basis, the company recorded Cleared Average DARTs per customer account of 449,000 for November. This reflected an increase of 1% from the prior-year month and 20% from the last month.

Further, Interactive Brokers provides data related to period-end statistics for client equity, credit balances and margin loan balances. For the period ended Nov 2016, client equity was $84.7 billion, surging 26% year over year and 3% from the prior month.

In addition, Interactive Brokers recorded client credit balance of $42.1 billion for the reported month, up 13% year over year and 1% from prior month. Further, the company’s customer margin loan balance of $18 billion increased 9% from the prior-year period and 3% from the preceding month.

Notably, this year has not been good for Interactive Brokers. Barring a few months, this investment broker has witnessed a downward trend in total client DARTs.

Further, the Zacks Consensus Estimate for 2016 has declined 1.9% to $1.59 per share, over the last 60 days. Also, Interactive Brokers’ shares have declined 15.3% year to date as against 17.3% gain in the Zacks categorized Investment Brokers industry.

Interactive Brokers currently carries a Zacks Rank #4 (Sell).

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 (ETFC - Free Report) are expected to come out with their respective monthly metrics data in the coming weeks.

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