Straightline Group LLC Invests $568,000 in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Straightline Group LLC acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the fourth quarter, Holdings Channel.com reports. The firm acquired 3,217 shares of the financial services provider’s stock, valued at approximately $568,000. Interactive Brokers Group comprises approximately 0.4% of Straightline Group LLC’s portfolio, making the stock its 14th biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IBKR. Contravisory Investment Management Inc. acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth about $25,000. SRH Advisors LLC bought a new position in Interactive Brokers Group in the 4th quarter worth approximately $28,000. Versant Capital Management Inc lifted its holdings in shares of Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock worth $31,000 after buying an additional 71 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Interactive Brokers Group by 90.7% in the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 88 shares during the period. Finally, Rialto Wealth Management LLC acquired a new stake in shares of Interactive Brokers Group in the fourth quarter worth $33,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $144.29 on Tuesday. The company has a market capitalization of $60.97 billion, a PE ratio of 20.44, a P/E/G ratio of 1.59 and a beta of 1.02. The company’s fifty day moving average is $196.71 and its 200-day moving average is $180.17. Interactive Brokers Group, Inc. has a 52 week low of $103.69 and a 52 week high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the firm earned $1.52 earnings per share. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. On average, analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.69%. Interactive Brokers Group’s payout ratio is 14.16%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. UBS Group increased their price target on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. Citigroup decreased their target price on Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Barclays cut their price target on Interactive Brokers Group from $231.00 to $188.00 and set an “overweight” rating for the company in a report on Monday. StockNews.com lowered Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods raised their target price on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $198.13.

Insiders Place Their Bets

In related news, Director Jill Bright bought 135 shares of the company’s stock in a transaction on Friday, January 31st. The stock was bought at an average cost of $219.51 per share, with a total value of $29,633.85. Following the completion of the purchase, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. The trade was a 5.77 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.99% of the company’s stock.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.