Silver Oak Securities Incorporated Grows Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Silver Oak Securities Incorporated boosted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 40,384.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,526 shares of the financial services provider’s stock after purchasing an additional 10,500 shares during the period. Silver Oak Securities Incorporated’s holdings in Interactive Brokers Group were worth $1,444,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Millennium Management LLC grew its stake in Interactive Brokers Group by 1,292.1% in the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock worth $132,655,000 after acquiring an additional 1,004,289 shares in the last quarter. Marshall Wace LLP grew its stake in Interactive Brokers Group by 23.8% in the second quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock worth $307,365,000 after purchasing an additional 481,826 shares in the last quarter. Bares Capital Management Inc. raised its position in Interactive Brokers Group by 10.4% during the 1st quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider’s stock valued at $313,920,000 after purchasing an additional 264,543 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Interactive Brokers Group by 262.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock worth $36,004,000 after buying an additional 187,010 shares during the period. Finally, Scout Investments Inc. bought a new position in shares of Interactive Brokers Group during the 1st quarter worth $18,335,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Barclays dropped their price objective on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Jefferies Financial Group lifted their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. Keefe, Bruyette & Woods cut Interactive Brokers Group from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $128.00 to $135.00 in a research note on Thursday, July 11th. UBS Group lifted their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Piper Sandler restated an “overweight” rating and issued a $163.00 price target on shares of Interactive Brokers Group in a report on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and an average target price of $143.00.

Interactive Brokers Group Trading Down 0.7 %

NASDAQ:IBKR opened at $147.17 on Friday. The company has a market capitalization of $61.97 billion, a P/E ratio of 22.47, a PEG ratio of 1.15 and a beta of 0.80. Interactive Brokers Group, Inc. has a 12 month low of $72.60 and a 12 month high of $154.75. The firm has a fifty day simple moving average of $135.70 and a 200-day simple moving average of $125.54.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. Interactive Brokers Group had a return on equity of 4.82% and a net margin of 7.89%. During the same period in the prior year, the firm posted $1.55 EPS. Equities analysts forecast that Interactive Brokers Group, Inc. will post 6.89 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 annualized dividend and a yield of 0.68%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.27%.

Interactive Brokers Group Company 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.