Straightline Group LLC Buys Shares of 13,626 Interactive Brokers Group, Inc. $IBKR

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

Several other hedge funds have also recently modified their holdings of IBKR. Huntington National Bank lifted its stake in shares of Interactive Brokers Group by 51.8% in the 2nd quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 176 shares during the period. Private Wealth Asset Management LLC increased its position in Interactive Brokers Group by 300.0% during the 2nd quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 435 shares during the period. LFA Lugano Financial Advisors SA purchased a new position in shares of Interactive Brokers Group during the 2nd quarter worth approximately $32,000. N.E.W. Advisory Services LLC lifted its holdings in shares of Interactive Brokers Group by 300.0% in the 2nd quarter. N.E.W. Advisory Services LLC now owns 632 shares of the financial services provider’s stock valued at $35,000 after buying an additional 474 shares during the period. Finally, Rialto Wealth Management LLC boosted its stake in shares of Interactive Brokers Group by 306.4% in the second quarter. Rialto Wealth Management LLC now owns 764 shares of the financial services provider’s stock valued at $42,000 after buying an additional 576 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on IBKR. BMO Capital Markets increased their price objective on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. CICC Research began coverage on shares of Interactive Brokers Group in a report on Monday, October 27th. They issued an “outperform” rating and a $78.00 price target for the company. Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. The Goldman Sachs Group restated a “buy” rating and set a $91.00 target price on shares of Interactive Brokers Group in a research report on Friday, October 17th. Finally, Barclays set a $83.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $76.39.

Insider Buying and Selling

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 60,200 shares of the stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total transaction of $4,533,060.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 400,000 shares of company stock worth $30,725,122. 2.97% of the stock is currently owned by corporate insiders.

Interactive Brokers Group Stock Up 2.3%

Interactive Brokers Group stock opened at $74.75 on Friday. The firm has a market capitalization of $126.79 billion, a PE ratio of 33.75, a P/E/G ratio of 2.04 and a beta of 1.24. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $79.18. The firm’s 50-day simple moving average is $70.31 and its 200 day simple moving average is $67.38.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results 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. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the firm posted $0.51 EPS. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, research analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is presently 14.48%.

Interactive Brokers Group Profile

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.