Silver Oak Securities Incorporated Boosts Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

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

Several other hedge funds also recently added to or reduced their stakes in IBKR. SG Americas Securities LLC raised its holdings in shares of Interactive Brokers Group by 172.1% in the second quarter. SG Americas Securities LLC now owns 12,464 shares of the financial services provider's stock worth $1,528,000 after buying an additional 7,884 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Interactive Brokers Group in the 1st quarter worth $796,000. Janus Henderson Group PLC lifted its position in Interactive Brokers Group by 9.9% during the 1st quarter. Janus Henderson Group PLC now owns 108,977 shares of the financial services provider's stock worth $12,173,000 after acquiring an additional 9,858 shares during the period. Norden Group LLC grew its stake in Interactive Brokers Group by 1,272.1% during the 1st quarter. Norden Group LLC now owns 104,400 shares of the financial services provider's stock valued at $11,662,000 after purchasing an additional 96,791 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Interactive Brokers Group by 26.2% in the first quarter. Van ECK Associates Corp now owns 43,711 shares of the financial services provider's stock valued at $4,883,000 after purchasing an additional 9,082 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IBKR has been the topic of a number of recent research reports. Piper Sandler reiterated an "overweight" rating and issued a $163.00 target price on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Barclays cut 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 boosted their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, October 4th. UBS Group increased their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods lowered Interactive Brokers Group from an "outperform" rating to a "market perform" rating and lifted their price objective for the company from $128.00 to $135.00 in a research note on Thursday, July 11th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Interactive Brokers Group has an average rating of "Moderate Buy" and a consensus target price of $143.00.

Interactive Brokers Group Stock Down 0.7 %

Shares of NASDAQ:IBKR traded down $1.03 during trading on Friday, reaching $147.17. 791,813 shares of the company's stock traded hands, compared to its average volume of 1,054,139. Interactive Brokers Group, Inc. has a fifty-two week low of $72.60 and a fifty-two week high of $154.75. The company has a 50-day simple moving average of $135.70 and a 200-day simple moving average of $125.64. The firm has a market cap of $61.97 billion, a PE ratio of 22.47, a P/E/G ratio of 1.15 and a beta of 0.80.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.82%. During the same period in the previous year, the business posted $1.55 earnings per share. On average, equities research analysts forecast that Interactive Brokers Group, Inc. will post 6.89 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group's dividend payout ratio is presently 15.27%.

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.