Sterling Capital Management LLC raised its position in shares of Investment Technology Group (NYSE:ITG) by 9.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,915 shares of the financial services provider’s stock after acquiring an additional 11,640 shares during the period. Sterling Capital Management LLC owned approximately 0.41% of Investment Technology Group worth $2,965,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. bought a new stake in Investment Technology Group during the second quarter valued at about $159,000. SG Americas Securities LLC bought a new stake in Investment Technology Group during the third quarter valued at about $179,000. Crossmark Global Holdings Inc. bought a new stake in Investment Technology Group during the third quarter valued at about $228,000. Trexquant Investment LP bought a new stake in Investment Technology Group during the third quarter valued at about $275,000. Finally, Municipal Employees Retirement System of Michigan boosted its holdings in Investment Technology Group by 67.4% during the third quarter. Municipal Employees Retirement System of Michigan now owns 12,470 shares of the financial services provider’s stock valued at $276,000 after acquiring an additional 5,020 shares during the period. Institutional investors own 86.63% of the company’s stock.

Shares of Investment Technology Group (NYSE:ITG) opened at $18.94 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.53 and a quick ratio of 1.52. Investment Technology Group has a one year low of $17.63 and a one year high of $23.96. The firm has a market cap of $626.18, a PE ratio of 54.11 and a beta of 1.37.

Investment Technology Group (NYSE:ITG) last released its earnings results on Wednesday, November 1st. The financial services provider reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.14). Investment Technology Group had a negative net margin of 6.57% and a positive return on equity of 2.92%. The company had revenue of $114.50 million during the quarter, compared to the consensus estimate of $112.50 million. During the same quarter in the previous year, the business posted ($0.08) EPS. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. research analysts forecast that Investment Technology Group will post 0.23 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Tuesday, November 28th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Monday, November 27th. Investment Technology Group’s payout ratio is presently -29.47%.

A number of equities research analysts have issued reports on the stock. ValuEngine cut shares of Investment Technology Group from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Rosenblatt Securities began coverage on shares of Investment Technology Group in a research note on Tuesday, September 12th. They issued a “neutral” rating and a $21.00 target price for the company. Three research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. Investment Technology Group has a consensus rating of “Sell” and an average target price of $23.00.

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About Investment Technology Group

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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Institutional Ownership by Quarter for Investment Technology Group (NYSE:ITG)

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