Kylin Management buys $202 Million stake in Interactive Brokers Group (IBKR)

Interactive Brokers Group (IBKR) : Kylin Management scooped up 440,055 additional shares in Interactive Brokers Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 5,620,226 shares of Interactive Brokers Group which is valued at $202 Million.Interactive Brokers Group makes up approximately 29.20% of Kylin Management’s portfolio.

Other Hedge Funds, Including , Hbk Investments L P sold out all of its stake in IBKR during the most recent quarter. The investment firm sold 21,200 shares of IBKR which is valued $761,928.Giovine Capital Group reduced its stake in IBKR by selling 22,268 shares or 45.74% in the most recent quarter. The Hedge Fund company now holds 26,415 shares of IBKR which is valued at $949,355. Interactive Brokers Group makes up approx 1.35% of Giovine Capital Group’s portfolio.Ibm Retirement Fund reduced its stake in IBKR by selling 7,613 shares or 57.23% in the most recent quarter. The Hedge Fund company now holds 5,690 shares of IBKR which is valued at $204,499. Interactive Brokers Group makes up approx 0.01% of Ibm Retirement Fund’s portfolio. Thompson Davis sold out all of its stake in IBKR during the most recent quarter. The investment firm sold 500 shares of IBKR which is valued $18,460. Diversified Trust Co sold out all of its stake in IBKR during the most recent quarter. The investment firm sold 8,217 shares of IBKR which is valued $303,372.

Interactive Brokers Group opened for trading at $39.2 and hit $40.03 on the upside on Wednesday, eventually ending the session at $39.79, with a gain of 2.03% or 0.79 points. The heightened volatility saw the trading volume jump to 10,06,162 shares. Company has a market cap of $16,196 M.

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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