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

Straightline Group LLC acquired a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,217 shares of the financial services provider's stock, valued at approximately $568,000. Interactive Brokers Group makes up approximately 0.4% of Straightline Group LLC's portfolio, making the stock its 14th biggest holding.

Other hedge funds have also modified their holdings of the company. Contravisory Investment Management Inc. purchased a new stake in shares of Interactive Brokers Group in the 4th quarter valued at approximately $25,000. SRH Advisors LLC acquired a new stake in Interactive Brokers Group during the 4th quarter valued at $28,000. Versant Capital Management Inc lifted its holdings in shares of Interactive Brokers Group by 66.4% in the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 71 shares in 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 worth $33,000 after buying an additional 88 shares during the period. Finally, Aster Capital Management DIFC Ltd grew its holdings in shares of Interactive Brokers Group by 39.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider's stock valued at $33,000 after buying an additional 53 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of the stock in a transaction dated Friday, January 31st. The shares were bought at an average cost of $219.51 per share, with a total value of $29,633.85. Following the completion of the transaction, the director now owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.99% of the company's stock.

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Analyst Ratings Changes

IBKR has been the subject of a number of research reports. UBS Group raised their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Barclays decreased their price target on shares of Interactive Brokers Group from $231.00 to $188.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Keefe, Bruyette & Woods upped their price objective 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. StockNews.com raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Thursday. Finally, Citigroup dropped their price target on shares of Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $195.88.

Interactive Brokers Group Stock Up 4.3 %

Shares of IBKR traded up $7.04 during mid-day trading on Friday, hitting $171.35. 2,479,105 shares of the company's stock were exchanged, compared to its average volume of 1,316,119. Interactive Brokers Group, Inc. has a twelve month low of $103.69 and a twelve month high of $236.53. The firm has a fifty day moving average of $190.12 and a two-hundred day moving average of $180.66. The stock has a market cap of $72.41 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 1.59 and a beta of 1.02.

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

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.58%. Interactive Brokers Group's dividend payout ratio (DPR) is currently 14.16%.

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.