Silver Oak Securities Expands Its Stake in Interactive Brokers Group

Silver Oak Securities Incorporated significantly increased its investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report), raising its holdings by an astonishing 40,384.6% during the third quarter, as disclosed in its latest 13F filing with the Securities and Exchange Commission. Following this increased investment, the fund now owns a total of 10,526 shares of Interactive Brokers Group, following a purchase of an additional 10,500 shares during the quarter. As of this latest filing, the value of Silver Oak Securities’ holdings in Interactive Brokers Group is reported to be approximately $1,444,000.

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Moreover, other institutional investors have also been adjusting their positions in Interactive Brokers Group. For instance, Millennium Management LLC made a remarkable increase of 1,292.1% to its stake during the second quarter, owning 1,082,017 shares valued at around $132,655,000 after acquiring an extra 1,004,289 shares last quarter. Similarly, Marshall Wace LLP increased its holdings by 23.8%, acquiring a total of 2,507,059 shares worth approximately $307,365,000 after purchasing an additional 481,826 shares. Meanwhile, Bares Capital Management Inc. lifted its investment in Interactive Brokers Group by 10.4% to hold 2,810,131 shares valued at about $313,920,000. Additionally, Allspring Global Investments Holdings LLC raised its stake by 262.1% during the third quarter and now owns 258,353 shares worth around $36,004,000. Scout Investments Inc. also entered into a new position valued at $18,335,000 in the first quarter. Notably, hedge funds and institutional investors collectively hold about 23.8% of the stock in Interactive Brokers Group.

Recent Analyst Ratings

Recent ratings from equity analysts have shown mixed sentiments towards Interactive Brokers Group’s stock. Barclays adjusted its price target down from $166.00 to $165.00 while maintaining an "overweight" rating as of October 16th. Jefferies Financial Group, on the other hand, raised its price target from $152.00 to $165.00 and assigned a "buy" rating in a report on October 4th. Keefe, Bruyette & Woods decreased their rating from "outperform" to "market perform" while also adjusting their price target from $128.00 to $135.00. UBS Group provided a positive outlook, increasing their price target to $170.00 with a "buy" rating on October 8th. Piper Sandler reiterated an "overweight" rating and established a price target of $163.00 for the stock on October 16th. Overall, the consensus rating from analysts indicates a "Moderate Buy" for Interactive Brokers Group, which averages a target price of $143.00 according to MarketBeat.com.

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View Our Latest Report on IBKR

Market Performance of Interactive Brokers Group

On Friday, NASDAQ:IBKR opened trading at $147.17. The company has a notable market capitalization of $61.97 billion, a P/E ratio of 22.47, and a PEG ratio of 1.15, with a beta of 0.80. In the last year, Interactive Brokers Group's stock has fluctuated between a low of $72.60 and a high of $154.75. As for its moving averages, the 50-day simple moving average stands at $135.70 while the 200-day simple moving average is at $125.54.

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On October 15th, Interactive Brokers Group released its quarterly earnings report, which revealed an EPS of $1.75, slightly below expectations of $1.78 by $0.03. The company's revenue for the quarter was reported at $2.45 billion, well above the analyst expectations of $1.32 billion. Furthermore, Interactive Brokers Group recorded a return on equity of 4.82% and a net margin of 7.89%, compared to an EPS of $1.55 in the same quarter last year. Analysts predict that the firm will post an estimated 6.89 EPS for the current year.

Dividend Declaration by Interactive Brokers Group

Additionally, Interactive Brokers Group has recently announced a quarterly dividend of $0.25, which will be distributed on December 13th to investors of record on November 29th. The ex-dividend date is set for November 29th, reflecting an annualized dividend of $1.00 and a yield of 0.68%. Currently, the dividend payout ratio (DPR) for the company sits at 15.27%.

Company Overview of Interactive Brokers Group

Interactive Brokers Group, Inc operates as an automated electronic broker on a global scale, offering execution, clearance, and settlement services for trades in stocks, options, futures, bonds, ETFs, precious metals, foreign exchange instruments, and cryptocurrencies.

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This article is generated by advanced narrative technology utilizing financial data for accurate and timely reporting.

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