Silver Capital Management adds Interactive Brokers Group (IBKR) to its portfolio

Interactive Brokers Group (IBKR) : Silver Capital Management added new position in Interactive Brokers Group during the most recent quarter end. The investment management firm now holds 11,430 shares of Interactive Brokers Group which is valued at $397,993 , the company said in a statement filed on Aug 3, 2016 with the SEC.Interactive Brokers Group makes up approximately 1.79% of Silver Capital Management’s portfolio.

Other Hedge Funds, Including , 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. Simplex Trading sold out all of its stake in IBKR during the most recent quarter. The investment firm sold 1,885 shares of IBKR which is valued $65,541. Cutler Group Lp sold out all of its stake in IBKR during the most recent quarter. The investment firm sold 2,814 shares of IBKR which is valued $102,233.

Interactive Brokers Group closed down -0.32 points or -0.89% at $35.81 with 4,49,776 shares getting traded on Monday. Post opening the session at $36, the shares hit an intraday low of $35.72 and an intraday high of $36.18 and the price fluctuated in this range throughout the day.Shares ended Monday 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.

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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