Greenwich Wealth Management Lowers stake in Interactive Brokers Group (IBKR)

Interactive Brokers Group (IBKR) : Greenwich Wealth Management reduced its stake in Interactive Brokers Group by 0.32% during the most recent quarter end. The investment management company now holds a total of 269,098 shares of Interactive Brokers Group which is valued at $9.7 Million after selling 860 shares in Interactive Brokers Group , the firm said in a disclosure report filed with the SEC on May 11, 2016.Interactive Brokers Group makes up approximately 2.59% of Greenwich Wealth Management’s portfolio.

Other Hedge Funds, Including , Royce Associates Lp boosted its stake in IBKR in the latest quarter, The investment management firm added 97,900 additional shares and now holds a total of 111,800 shares of Interactive Brokers Group which is valued at $4 Million. Interactive Brokers Group makes up approx 0.03% of Royce Associates Lp’s portfolio.First Trust Advisors Lp boosted its stake in IBKR in the latest quarter, The investment management firm added 55,072 additional shares and now holds a total of 197,087 shares of Interactive Brokers Group which is valued at $7.1 Million. Interactive Brokers Group makes up approx 0.02% of First Trust Advisors Lp’s portfolio.Great West Life Assurance Co Can boosted its stake in IBKR in the latest quarter, The investment management firm added 1,803 additional shares and now holds a total of 6,657 shares of Interactive Brokers Group which is valued at $252,966.Aperio Group boosted its stake in IBKR in the latest quarter, The investment management firm added 4,683 additional shares and now holds a total of 12,899 shares of Interactive Brokers Group which is valued at $490,162.

Interactive Brokers Group closed down -0.06 points or -0.17% at $35.88 with 3,20,686 shares getting traded on Monday. Post opening the session at $35.94, the shares hit an intraday low of $35.64 and an intraday high of $36.48 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Interactive Brokers Group reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $0.43. The company had revenue of $489.00 million for the quarter, compared to analysts expectations of $400.15 million. The company’s revenue was up 184.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.22 EPS.

Many Wall Street Analysts have commented on Interactive Brokers Group. Buckingham Research Initiated Interactive Brokers Group on May 12, 2016 to “Neutral”, Price Target of the shares are set at $38.

Interactive Brokers Group Inc. (IBG Inc.) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders and executing and processing trades in securities futures foreign exchange instruments bonds and mutual funds on more than 100 electronic exchanges and trading venues around the world. It operates in two segments: electronic brokerage and market making. The Company owns approximately 14.5% in IBG LLC the holding company for its businesses. The Company is the sole managing member of IBG LLC. As a direct market access broker the Company serves the customers of both traditional brokers and prime brokers. It provides its customers with order management trade execution and portfolio management platform. As a market maker it provides continuous bid and offer quotations on over one million securities and futures products listed on electronic exchanges around the world.

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