OLD National Bancorp IN Has $668,000 Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

OLD National Bancorp IN lifted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 20.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,790 shares of the financial services provider’s stock after purchasing an additional 821 shares during the quarter. OLD National Bancorp IN’s holdings in Interactive Brokers Group were worth $668,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Tortoise Investment Management LLC raised its holdings in Interactive Brokers Group by 76.6% during the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after buying an additional 111 shares during the last quarter. Fairfield Financial Advisors LTD bought a new stake in shares of Interactive Brokers Group during the second quarter worth about $32,000. UMB Bank n.a. raised its holdings in shares of Interactive Brokers Group by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 224 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Interactive Brokers Group by 213.6% in the first quarter. GAMMA Investing LLC now owns 483 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 329 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in Interactive Brokers Group by 389.9% in the 1st quarter. Bessemer Group Inc. now owns 632 shares of the financial services provider’s stock valued at $70,000 after buying an additional 503 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on IBKR shares. Piper Sandler reiterated an “overweight” rating and issued a $163.00 target price on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. UBS Group lifted their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Barclays lowered their target price on 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 increased their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, Keefe, Bruyette & Woods lowered shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $128.00 to $135.00 in a research report on Thursday, July 11th. 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $143.00.

Interactive Brokers Group Trading Up 0.6 %

Shares of NASDAQ IBKR opened at $149.64 on Tuesday. The stock has a market cap of $63.01 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 1.34 and a beta of 0.80. The stock’s 50-day moving average is $132.77 and its 200 day moving average is $124.47. Interactive Brokers Group, Inc. has a 1-year low of $72.60 and a 1-year high of $154.75.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). The business had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. During the same quarter in the previous year, the company earned $1.55 earnings per share. On average, analysts forecast that Interactive Brokers Group, Inc. will post 6.92 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.25 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a yield of 0.67%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 17.09%.

About Interactive Brokers Group

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.