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IBKR · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Interactive Brokers Group, Inc. Class A Common Stock (IBKR) stock moving?
IBKR closed at $77.59 on Nov 10, about 6% below its Oct 28 close of $83.54. The stock fell from $83.54 to a low of $71.65 on Nov 5, the day of heavy trading (11.1M shares versus a 30-day norm near 5M) and the 10-Q filing, then recovered to $77.59 on falling volume. Recent news is mixed. The October metrics showed DARTs of 4.306M, down 4% year over year but up 5% from September, and client equity of $928.6B. Analysts have trimmed targets twice, from $94 to $92 and then to $90 (Rothschild & Co Redburn), but the new target still implies roughly 16% upside. A director sold 25,000 shares, and the affiliate prediction-market launch and the BMO conference are minor items. The Q3 2026 results (October 15, outside the 14-day window) remain the strongest backdrop: GAAP EPS of $0.69, net revenue of $1.91B, customer accounts up 35%, and the quarterly dividend raised to $0.15 from $0.0875. Near-term direction is uncertain, since price has stabilized around $77 and the volume spike points to a sell-off that has not been fully reversed.
News behind the analysis
- Rothschild & Co Redburn Adjusts Price Target on Interactive Brokers to $90 From $92Rothschild & Co Redburn trimmed its price target on Interactive Brokers Group from $92 to $90. This is its second cut in about a week.
- Rothschild & Co Redburn Lowers Price Target on Interactive Brokers GroupRothschild & Co Redburn cut its price target on Interactive Brokers Group to $92 from $94. The target still sits above the recent trading range.
- Interactive Brokers Group Reports October 2026 Brokerage MetricsOctober DARTs were 4.306 million and ending client equity was $928.6 billion, per the monthly metrics release. Client activity is a key driver of the company's commission and interest revenue.
- Interactive Brokers Group Reports 4.306M Daily Average Revenue Trades, 4% Lower Than Prior Year And 5% Higher Than Prior MonthDARTs were down 4% from a year earlier but up 5% from September. The monthly trend improved even though year-over-year activity still shrank.
- Aries Launches Prediction Markets via ForecastEx, an Affiliate of Interactive BrokersAries added prediction markets to its mobile app, using ForecastEx, an Interactive Brokers affiliate, to list and clear event contracts. This is a small product extension for the broker's affiliate network.
- Director Harris Lawrence E. Sells 25,000 Shares of Interactive BrokersDirector Lawrence E. Harris sold 25,000 Class A shares, according to an SEC filing. The sale is an insider transaction with no stated company-level signal.
- Interactive Brokers to Participate in BMO's Inaugural Finance ConferenceInteractive Brokers is a confirmed participant in BMO Capital Markets' first Finance Conference, held November 9-10, 2026, in Boca Raton, Florida. This is a routine investor-access event.
About Interactive Brokers Group, Inc. Class A Common Stock
Interactive Brokers is a Greenwich, Connecticut-based online broker. It lets individuals, active traders, financial advisors and institutions trade stocks, options, futures, currencies and bonds on markets around the world. Its trading and clearing are heavily automated, which helps it keep fees low and earn unusually high profits for a broker: pretax margins have been around 77–78% in recent quarters.
How it makes money
Its biggest source of revenue is net interest income, which was about $1.15 billion in Q3 2026, roughly 60% of net revenue. This comes from margin loans to customers and from investing customers' uninvested cash (about $186 billion). Trading commissions were about $600 million that quarter, roughly a third of revenue. The rest comes from market data, risk exposure fees and other services (about $88 million). Total net revenue was about $1.9 billion in Q3 2026, and the company had about 5.6 million customer accounts.
What usually moves IBKR
- Interest rate levels and customer margin loan balances
- Trading activity by customers (daily trades, options and futures volume)
- New account growth and customer asset inflows
- Market volatility and overall stock market sentiment
- International expansion and regulation