Quinn Opportunity Partners buys $8,919,842 stake in Interactive Brokers Group (IBKR)

Interactive Brokers Group (IBKR) : Quinn Opportunity Partners scooped up 3,800 additional shares in Interactive Brokers Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 251,051 shares of Interactive Brokers Group which is valued at $8,919,842.Interactive Brokers Group makes up approximately 3.22% of Quinn Opportunity Partners’s portfolio.

Other Hedge Funds, Including , Parallax Volatility Advisers reduced its stake in IBKR by selling 701 shares or 54.55% in the most recent quarter. The Hedge Fund company now holds 584 shares of IBKR which is valued at $20,750. Hsbc Holdings Plc sold out all of its stake in IBKR during the most recent quarter. The investment firm sold 7,083 shares of IBKR which is valued $251,659.Howard Hughes Medical Institute boosted its stake in IBKR in the latest quarter, The investment management firm added 3,305 additional shares and now holds a total of 106,649 shares of Interactive Brokers Group which is valued at $3,713,518. Interactive Brokers Group makes up approx 1.18% of Howard Hughes Medical Institute’s portfolio.

Interactive Brokers Group closed down -0.74 points or -2.06% at $35.14 with 4,63,896 shares getting traded on Thursday. Post opening the session at $36.02, the shares hit an intraday low of $34.92 and an intraday high of $36.12 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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