Skytop Capital Management Lowers stake in Interactive Brokers Group (IBKR)

Interactive Brokers Group (IBKR) : Skytop Capital Management reduced its stake in Interactive Brokers Group by 34.77% during the most recent quarter end. The investment management company now holds a total of 130,459 shares of Interactive Brokers Group which is valued at $4,635,208 after selling 69,541 shares in Interactive Brokers Group , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Interactive Brokers Group makes up approximately 3.79% of Skytop Capital 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 $753,236.Teacher Retirement System Of Texas boosted its stake in IBKR in the latest quarter, The investment management firm added 1,024 additional shares and now holds a total of 8,482 shares of Interactive Brokers Group which is valued at $303,740.Great West Life Assurance Co Can boosted its stake in IBKR in the latest quarter, The investment management firm added 69,084 additional shares and now holds a total of 75,741 shares of Interactive Brokers Group which is valued at $2,637,302. Interactive Brokers Group makes up approx 0.01% of Great West Life Assurance Co Can’s portfolio.California Public Employees Retirement System reduced its stake in IBKR by selling 17,800 shares or 13.45% in the most recent quarter. The Hedge Fund company now holds 114,500 shares of IBKR which is valued at $3,986,890. Interactive Brokers Group makes up approx 0.01% of California Public Employees Retirement System’s portfolio.Sequoia Financial Advisors reduced its stake in IBKR by selling 1,800 shares or 1.76% in the most recent quarter. The Hedge Fund company now holds 100,200 shares of IBKR which is valued at $3,490,968. Interactive Brokers Group makes up approx 0.95% of Sequoia Financial Advisors’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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