Tpg Group Holdings (sbs) Advisors Lowers stake in Interactive Brokers Group (IBKR)

Interactive Brokers Group (IBKR) : Tpg Group Holdings (sbs) Advisors reduced its stake in Interactive Brokers Group by 8.92% during the most recent quarter end. The investment management company now holds a total of 1,835,448 shares of Interactive Brokers Group which is valued at $65,213,467 after selling 179,709 shares in Interactive Brokers Group , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Interactive Brokers Group makes up approximately 0.64% of Tpg Group Holdings (sbs) Advisors’s portfolio.

Other Hedge Funds, Including , Thrivent Financial For Lutherans boosted its stake in IBKR in the latest quarter, The investment management firm added 1,370 additional shares and now holds a total of 28,080 shares of Interactive Brokers Group which is valued at $997,682. First Mercantile Trust Co sold out all of its stake in IBKR during the most recent quarter. The investment firm sold 2,873 shares of IBKR which is valued $102,078.Vanguard Group Inc boosted its stake in IBKR in the latest quarter, The investment management firm added 169,856 additional shares and now holds a total of 4,751,839 shares of Interactive Brokers Group which is valued at $168,832,840. Interactive Brokers Group makes up approx 0.01% of Vanguard Group Inc’s portfolio.

Interactive Brokers Group opened for trading at $35.44 and hit $36.12 on the upside on Monday, eventually ending the session at $35.88, with a gain of 1.61% or 0.57 points. The heightened volatility saw the trading volume jump to 5,74,148 shares. Company has a market cap of $14,722 M.

On the company’s financial health, Interactive Brokers Group reported $0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $0.34. The company had revenue of $369.00 million for the quarter, compared to analysts expectations of $374.89 million. The company’s revenue was down -4.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.44 EPS.

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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