Investment Technology Group (ITG) Receives Media Sentiment Rating of 0.05
News articles about Investment Technology Group (NYSE:ITG) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Investment Technology Group earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.0930598525175 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several equities analysts have recently commented on the company. Rosenblatt Securities started coverage on Investment Technology Group in a research note on Tuesday, September 12th. They set a “neutral” rating and a $21.00 price target on the stock. ValuEngine downgraded Investment Technology Group from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Three equities research analysts have rated the stock with a sell rating and one has given a hold rating to the stock. Investment Technology Group presently has a consensus rating of “Sell” and a consensus target price of $23.00.
Shares of Investment Technology Group (NYSE ITG) traded up $0.36 during mid-day trading on Wednesday, reaching $19.23. The company had a trading volume of 197,300 shares, compared to its average volume of 192,376. Investment Technology Group has a 12 month low of $17.63 and a 12 month high of $23.96. The company has a market capitalization of $623.86, a P/E ratio of 53.91 and a beta of 1.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.52 and a current ratio of 1.53.
Investment Technology Group (NYSE:ITG) last issued its quarterly earnings data on Wednesday, November 1st. The financial services provider reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $112.50 million. During the same period in the previous year, the business earned ($0.08) EPS. Investment Technology Group’s revenue for the quarter was up 9.9% compared to the same quarter last year. sell-side analysts predict that Investment Technology Group will post 0.23 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 28th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Monday, November 27th. Investment Technology Group’s payout ratio is currently -29.47%.
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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