Jane Street Group LLC Purchases 21,254 Shares of 1st Source Co. (NASDAQ:SRCE)

Jane Street Group LLC increased its position in 1st Source Co. (NASDAQ:SRCE) by 152.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 35,169 shares of the financial services provider’s stock after purchasing an additional 21,254 shares during the period. Jane Street Group LLC’s holdings in 1st Source were worth $2,106,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of 1st Source by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,588,461 shares of the financial services provider’s stock worth $85,171,000 after acquiring an additional 11,465 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in 1st Source by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 586,372 shares of the financial services provider’s stock valued at $35,112,000 after purchasing an additional 1,872 shares in the last quarter. State Street Corp lifted its position in 1st Source by 1.7% during the third quarter. State Street Corp now owns 567,195 shares of the financial services provider’s stock valued at $33,964,000 after purchasing an additional 9,235 shares during the last quarter. American Century Companies Inc. grew its stake in shares of 1st Source by 11.5% in the 2nd quarter. American Century Companies Inc. now owns 174,688 shares of the financial services provider’s stock worth $9,367,000 after buying an additional 18,049 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of 1st Source by 9.6% in the 2nd quarter. Renaissance Technologies LLC now owns 145,714 shares of the financial services provider’s stock worth $7,813,000 after buying an additional 12,774 shares during the last quarter. 74.45% of the stock is owned by institutional investors.

1st Source Stock Down 0.0 %

Shares of NASDAQ:SRCE opened at $59.14 on Tuesday. The company has a 50-day moving average price of $62.90 and a 200 day moving average price of $59.28. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08. 1st Source Co. has a 12 month low of $47.30 and a 12 month high of $68.13. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 11.26 and a beta of 0.80.

1st Source (NASDAQ:SRCE) last announced its earnings results on Thursday, October 24th. The financial services provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.05. 1st Source had a return on equity of 11.68% and a net margin of 23.01%. The firm had revenue of $97.93 million during the quarter, compared to analysts’ expectations of $97.30 million. During the same quarter in the previous year, the business earned $1.32 EPS. As a group, equities research analysts predict that 1st Source Co. will post 5.36 earnings per share for the current year.

1st Source Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend was Tuesday, November 5th. 1st Source’s dividend payout ratio is currently 27.43%.

1st Source Company Profile

1st Source Corporation operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory services, and insurance products to individual and business clients. Its consumer banking services include checking and savings accounts; certificates of deposit; individual retirement accounts; online and mobile banking products; consumer loans, real estate mortgage loans, and home equity lines of credit; and financial planning, financial literacy, and other consultative services, as well as debit and credit cards.