Axa lifted its stake in Investment Technology Group (NYSE:ITG) by 85.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,100 shares of the financial services provider’s stock after purchasing an additional 14,300 shares during the quarter. Axa owned 0.09% of Investment Technology Group worth $674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of ITG. BlackRock Inc. lifted its position in shares of Investment Technology Group by 6.6% in the second quarter. BlackRock Inc. now owns 4,782,724 shares of the financial services provider’s stock worth $100,054,000 after purchasing an additional 296,754 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Investment Technology Group by 580.0% in the third quarter. American Century Companies Inc. now owns 283,086 shares of the financial services provider’s stock worth $6,132,000 after purchasing an additional 241,453 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Investment Technology Group in the third quarter worth approximately $3,985,000. JPMorgan Chase & Co. raised its position in Investment Technology Group by 60.2% during the third quarter. JPMorgan Chase & Co. now owns 471,206 shares of the financial services provider’s stock valued at $10,206,000 after acquiring an additional 177,057 shares in the last quarter. Finally, Millennium Management LLC raised its position in Investment Technology Group by 103.3% during the second quarter. Millennium Management LLC now owns 302,533 shares of the financial services provider’s stock valued at $6,329,000 after acquiring an additional 153,755 shares in the last quarter. 87.25% of the stock is owned by institutional investors and hedge funds.

ITG has been the topic of several recent research reports. Zacks Investment Research lowered shares of Investment Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 14th. ValuEngine raised shares of Investment Technology Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 4th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Investment Technology Group has an average rating of “Buy” and an average price target of $25.00.

Shares of ITG opened at $30.09 on Friday. The company has a market cap of $995.20 million, a P/E ratio of 100.30 and a beta of 1.06. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.37 and a current ratio of 1.38. Investment Technology Group has a twelve month low of $18.14 and a twelve month high of $30.25.

Investment Technology Group (NYSE:ITG) last issued its quarterly earnings data on Wednesday, November 7th. The financial services provider reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm had revenue of $120.77 million for the quarter, compared to analyst estimates of $119.97 million. Investment Technology Group had a negative net margin of 0.17% and a positive return on equity of 7.85%. Analysts predict that Investment Technology Group will post 1.01 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Tuesday, November 27th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.93%. The ex-dividend date is Monday, November 26th. Investment Technology Group’s payout ratio is presently 93.33%.

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Investment Technology Group Company Profile

Investment Technology Group, Inc operates as a financial technology company in the United States, Canada, Europe, and the Asia Pacific. The company offers various solutions for asset managers and broker-dealers in the areas of execution services, workflow technology, and analytics that provide trade execution services and solutions for portfolio management, as well as pre-trade analytics, and post-trade analytics and processing.

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

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