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Interactive Brokers (IBKR) Reports a Rise in December DARTs

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Interactive Brokers Group, Inc. (IBKR - Free Report) has released its Electronic Brokerage segment’s performance metrics for December 2018. The segment, which deals with the clearance and settlement of trades for individual and institutional clients globally, reported year-over-year increase in Daily Average Revenue Trades (DARTs).

Total client DARTs came in at 953,000, increasing 36% from December 2017 and 5% from November 2018. Total customer accounts grew 24% from the prior-year month and 1% sequentially to 598,200.

Net new accounts totaled 5,600, decreasing 37% year over year and 25% from the prior month. On an annualized basis, the company recorded Cleared Average DARTs per customer account of 360,000. This reflects a rise of 5% year over year and 4% from November 2018.

Interactive Brokers’ total options contracts were 28.5 million, increasing 19% from December 2017 but declining 2% from the previous month. Likewise, futures contracts jumped 26% from the prior-year month but declined 4% from the last month to 12.4 million.

At the end of December 2018, client equity was $128.4 billion, up 3% year over year but down 6% from the previous month. Further, Interactive Brokers recorded client credit balance of $49.3 billion, increasing 4% from the prior-year month but declining 2% sequentially. However, the company’s customer margin loan balance of $26.9 billion decreased 9% from December 2017 and 5% from the preceding month.

Interactive Brokers’ shares have lost 7.7% in 2018 compared with the industry’s decline of 24.7%.

The stock currently 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, LPL Financial Holdings Inc. (LPLA - Free Report) , The Charles Schwab Corp. (SCHW - Free Report) and E*TRADE Financial Corp. (ETFC - Free Report) are likely to come up with their respective monthly metrics information with their quarterly results.

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