Bares Capital Management buys $92,966,022 stake in Interactive Brokers Group (IBKR)

Interactive Brokers Group (IBKR) : Bares Capital Management scooped up 375,941 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 10, 2016. The investment management firm now holds a total of 2,616,550 shares of Interactive Brokers Group which is valued at $92,966,022.Interactive Brokers Group makes up approximately 6.13% of Bares Capital Management’s portfolio.

Other Hedge Funds, Including , New York State Common Retirement Fund boosted its stake in IBKR in the latest quarter, The investment management firm added 49,601 additional shares and now holds a total of 247,358 shares of Interactive Brokers Group which is valued at $8,788,630. Interactive Brokers Group makes up approx 0.01% of New York State Common Retirement Fund’s portfolio. Sg Americas Securities added IBKR to its portfolio by purchasing 3,806 company shares during the most recent quarter which is valued at $132,525.Seven Bridges Advisors reduced its stake in IBKR by selling 8,364 shares or 16.28% in the most recent quarter. The Hedge Fund company now holds 43,000 shares of IBKR which is valued at $1,505,430. Interactive Brokers Group makes up approx 1.24% of Seven Bridges Advisors’s portfolio.Seabridge Investment Advisors boosted its stake in IBKR in the latest quarter, The investment management firm added 298 additional shares and now holds a total of 4,798 shares of Interactive Brokers Group which is valued at $167,354. Interactive Brokers Group makes up approx 0.04% of Seabridge Investment Advisors’s portfolio. Highland Capital Management added IBKR to its portfolio by purchasing 10,849 company shares during the most recent quarter which is valued at $377,220. Interactive Brokers Group makes up approx 0.03% of Highland Capital Management’s portfolio.

Interactive Brokers Group closed down -0.04 points or -0.11% at $35.21 with 8,44,221 shares getting traded on Friday. Post opening the session at $35.08, the shares hit an intraday low of $34.84 and an intraday high of $35.24 and the price fluctuated in this range throughout the day.Shares ended Friday 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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