Latimer Light Capital buys $16.1 Million stake in Interactive Brokers Group (IBKR)

Interactive Brokers Group (IBKR) : Latimer Light Capital scooped up 49,265 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 447,773 shares of Interactive Brokers Group which is valued at $16.1 Million.Interactive Brokers Group makes up approximately 5.05% of Latimer Light Capital’s portfolio.

Other Hedge Funds, Including , Kylin Management boosted its stake in IBKR in the latest quarter, The investment management firm added 440,055 additional shares and now holds a total of 5,620,226 shares of Interactive Brokers Group which is valued at $202 Million. Interactive Brokers Group makes up approx 29.20% of Kylin Management’s portfolio.Spot Trading L.l.c reduced its stake in IBKR by selling 4,500 shares or 98.36% in the most recent quarter. The Hedge Fund company now holds 75 shares of IBKR which is valued at $2,696.Harel Insurance Investments Financial Services Ltd. reduced its stake in IBKR by selling 100 shares or 14.29% in the most recent quarter. The Hedge Fund company now holds 600 shares of IBKR which is valued at $22,152. Northpointe Capital added IBKR to its portfolio by purchasing 59,199 company shares during the most recent quarter which is valued at $2.2 Million. Interactive Brokers Group makes up approx 0.27% of Northpointe Capital’s portfolio.

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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