Straightline Group LLC Takes Position in Interactive Brokers Group, Inc. $IBKR

Straightline Group LLC acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,626 shares of the financial services provider’s stock, valued at approximately $915,000. Interactive Brokers Group makes up 0.5% of Straightline Group LLC’s investment portfolio, making the stock its 9th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in shares of Interactive Brokers Group by 24.7% during the first quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider’s stock worth $2,269,000 after acquiring an additional 2,713 shares during the period. Blair William & Co. IL purchased a new stake in Interactive Brokers Group during the 2nd quarter worth about $225,000. Apollon Wealth Management LLC acquired a new stake in Interactive Brokers Group in the 2nd quarter valued at about $268,000. Concurrent Investment Advisors LLC boosted its stake in shares of Interactive Brokers Group by 135.2% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 14,668 shares of the financial services provider’s stock valued at $813,000 after buying an additional 8,432 shares during the period. Finally, CWM LLC grew its position in shares of Interactive Brokers Group by 308.5% during the second quarter. CWM LLC now owns 4,338 shares of the financial services provider’s stock worth $240,000 after buying an additional 3,276 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Up 2.3%

IBKR opened at $74.75 on Friday. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $79.18. The business’s 50 day moving average is $70.31 and its two-hundred day moving average is $67.38. The firm has a market cap of $126.79 billion, a price-to-earnings ratio of 33.75, a price-to-earnings-growth ratio of 2.04 and a beta of 1.24.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.15. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The company’s revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 earnings per share. Equities analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, February 27th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.48%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on IBKR shares. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. BMO Capital Markets increased their target price on Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $91.00 price target on shares of Interactive Brokers Group in a report on Friday, October 17th. Finally, Barclays set a $83.00 price objective on Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Interactive Brokers Group has an average rating of “Buy” and an average target price of $76.39.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 145,000 shares of Interactive Brokers Group stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $77.85, for a total value of $11,288,250.00. Following the transaction, the insider directly owned 155,000 shares in the company, valued at approximately $12,066,750. The trade was a 48.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 400,000 shares of company stock worth $30,725,122. Company insiders own 2.97% of the company’s stock.

About Interactive Brokers Group

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.