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 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 3,217 shares of the financial services provider’s stock, valued at approximately $568,000. Interactive Brokers Group comprises about 0.4% of Straightline Group LLC’s investment portfolio, making the stock its 14th biggest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC grew its stake in shares of Interactive Brokers Group by 60.2% in the third quarter. Cerity Partners LLC now owns 3,051 shares of the financial services provider’s stock worth $425,000 after purchasing an additional 1,146 shares in the last quarter. Benjamin Edwards Inc. raised its position in shares of Interactive Brokers Group by 487.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 2,931 shares of the financial services provider’s stock worth $409,000 after buying an additional 2,432 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Interactive Brokers Group by 67.4% in the third quarter. HighTower Advisors LLC now owns 72,636 shares of the financial services provider’s stock valued at $10,133,000 after acquiring an additional 29,257 shares in the last quarter. Quantinno Capital Management LP increased its stake in shares of Interactive Brokers Group by 82.3% during the third quarter. Quantinno Capital Management LP now owns 3,167 shares of the financial services provider’s stock valued at $441,000 after acquiring an additional 1,430 shares during the period. Finally, Stifel Financial Corp raised its holdings in Interactive Brokers Group by 6.1% during the third quarter. Stifel Financial Corp now owns 169,247 shares of the financial services provider’s stock worth $23,586,000 after purchasing an additional 9,716 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Insider Activity

In other news, Director Jill Bright purchased 135 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average price of $219.51 per share, with a total value of $29,633.85. Following the purchase, the director now owns 2,476 shares in the company, valued at $543,506.76. This represents a 5.77 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.99% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IBKR. StockNews.com cut Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 2nd. Piper Sandler reiterated an “overweight” rating and issued a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Barclays reduced their price objective on shares of Interactive Brokers Group from $231.00 to $188.00 and set an “overweight” rating for the company in a research report on Monday. Keefe, Bruyette & Woods increased their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. Finally, Citigroup dropped their price target on Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $198.13.

Interactive Brokers Group Stock Down 1.2 %

IBKR opened at $144.29 on Tuesday. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53. The firm has a market capitalization of $60.97 billion, a P/E ratio of 20.44, a PEG ratio of 1.59 and a beta of 1.02. The stock has a fifty day moving average of $196.71 and a 200-day moving average of $180.17.

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

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.16%.

About Interactive Brokers Group

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.