Shares of Investment Technology Group, Inc. (NYSE:ITG) have been assigned an average rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $20.50.

A number of research firms have recently commented on ITG. Rosenblatt Securities began coverage on shares of Investment Technology Group in a research report on Tuesday, September 12th. They issued a “neutral” rating and a $21.00 price objective for the company. Zacks Investment Research lowered shares of Investment Technology Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. BidaskClub lowered shares of Investment Technology Group from a “sell” rating to a “strong sell” rating in a research report on Sunday, August 6th. Finally, TheStreet upgraded shares of Investment Technology Group from a “c” rating to a “b-” rating in a research report on Wednesday, August 2nd.

Shares of Investment Technology Group (NYSE:ITG) traded up 0.91% during midday trading on Friday, hitting $23.35. 483,287 shares of the company were exchanged. The firm’s 50 day moving average price is $20.81 and its 200 day moving average price is $20.72. The firm’s market capitalization is $773.47 million. Investment Technology Group has a one year low of $15.04 and a one year high of $23.43.

Investment Technology Group (NYSE:ITG) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). Investment Technology Group had a negative net margin of 1.77% and a positive return on equity of 3.08%. The firm had revenue of $121.60 million during the quarter, compared to the consensus estimate of $124.00 million. During the same quarter last year, the business posted ($0.02) earnings per share. Investment Technology Group’s revenue was up .8% compared to the same quarter last year. Analysts forecast that Investment Technology Group will post $0.50 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, August 22nd were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, August 18th. This represents a $0.28 annualized dividend and a yield of 1.20%. Investment Technology Group’s payout ratio is presently -107.69%.

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A number of institutional investors have recently made changes to their positions in ITG. Great West Life Assurance Co. Can lifted its position in Investment Technology Group by 3.7% during the first quarter. Great West Life Assurance Co. Can now owns 42,774 shares of the financial services provider’s stock valued at $865,000 after purchasing an additional 1,519 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in Investment Technology Group by 3.6% during the first quarter. BNP Paribas Arbitrage SA now owns 15,131 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 519 shares during the last quarter. Comerica Bank lifted its position in Investment Technology Group by 38.3% during the first quarter. Comerica Bank now owns 45,920 shares of the financial services provider’s stock valued at $925,000 after purchasing an additional 12,720 shares during the last quarter. Texas Permanent School Fund lifted its position in Investment Technology Group by 1.3% during the first quarter. Texas Permanent School Fund now owns 22,863 shares of the financial services provider’s stock valued at $463,000 after purchasing an additional 298 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Investment Technology Group by 6.8% during the first quarter. Ameriprise Financial Inc. now owns 165,854 shares of the financial services provider’s stock valued at $3,358,000 after purchasing an additional 10,506 shares during the last quarter. Institutional investors and hedge funds own 87.64% of the company’s stock.

Investment Technology Group Company Profile

Investment Technology Group, Inc (ITG) is a financial technology company that helps brokers and asset managers improve returns for investors around the world. The Company operates through four segments: U.S. Operations, Canadian Operations, European Operations and Asia Pacific Operations. These four segments provide categories of products and services, such as Execution Services, Workflow Technology and Analytics.

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