Interactive Brokers Stock Up 2.1% as February DARTs Improve

Shares of Interactive Brokers Group, Inc.’s IBKR have rallied 2.1% since its Electronic Brokerage segment reported a year-over-year increase in Daily Average Revenue Trades (DARTs) for February 2018, last week. The segment deals with clearance and settlement of trades for individual and institutional clients globally.

Total client DARTs came in at 1,020,000, increasing 50% from February 2017 and 13% from January 2018. Total customer accounts jumped 28% year over year and 2% from the prior month to 507,800 in the reported month.

Also, net new accounts totaled 11,100, surging a whopping 66% from the prior-year period but declining 20% from the last month. On an annualized basis, the company recorded Cleared Average DARTs per customer account of 476,000. This reflects an increase of 19% year over year and 11% from the previous month.

Interactive Brokers’ total option contracts came in at 33.9 million, increasing 53% from February 2017 but falling 2% from January 2018. Future contracts surged 81% from the last-year month and jumped 16% from last month to 15 million.

At the end of February 2018, client equity was $130.5 billion, surging 40% year over year but decreasing 3% from the previous month. Also, Interactive Brokers recorded client credit balance of $47.5 billion in the reported month, up 10% year over year but dipping 1% from the prior month. The company’s customer margin loan balance of $28 billion soared 44% from the prior-year period but declined 7% from the preceding month.

Interactive Brokers’ shares have gained 14.9% over the past three months, significantly outperforming the industry’s rally of 5.9%.

The company carries a Zacks Rank #2 (Buy). 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, The Charles Schwab Corp. SCHW and E*TRADE Financial Corp. ETFC are likely to come up with their respective monthly metrics information in the coming days.

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