Interactive Brokers' (IBKR) December DARTs Decline Y/Y
Interactive Brokers Group, Inc.’s IBKR Electronic Brokerage segment reported a rise in Daily Average Revenue Trades (DARTs) for Dec 2016. The segment deals with the clearance and settling of trades for both individual and institutional clients globally.
Total client DARTs were 592,000, down 6% from Dec 2015 and 19% from Nov 2016. Also, total customer accounts were 385,000, up 16% year over year and 1% from the prior month.
On an annualized basis, the company recorded Cleared Average DARTs per customer account of 359,000 for Dec 2016. This reflected a decrease of 18% from the prior-year month and 20% from Nov 2016.
Interactive Brokers’ total option contracts were 21.8 million, down 10% from the year-ago month and 11% from Nov 2016. Future contracts fell 13% from Dec 2015 and 29% from Nov 2016 to 8.8 million.
Further, Interactive Brokers provides data related to period-end statistics for client equity, credit balances and margin loan balances. For the period ended Dec 2016, client equity was $85.5 billion, surging 27% year over year and 1% from the previous month.
In addition, Interactive Brokers recorded client credit balance of $41.5 billion for the reported month, up 13% year over year, but down 1% from prior month. Further, the company’s customer margin loan balance of $19.4 billion climbed 14% from the prior-year period and 8% from the preceding month.
Notably, the year 2016 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 edged down 1.9% to $1.59 per share, for the last 90 days. In addition, Interactive Brokers’ shares have declined around 14% over the last one-year period, as against 24.8% gain in the Zacks categorized Investment Bank industry.
At present, Interactive Brokers 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 Corporation SCHW and E*TRADE Financial Corporation ETFC are likely to come out with their respective monthly metrics data in the coming weeks.
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