Metropolitan Life Insurance Co. NY continued to hold its position in shares of Investment Technology Group, Inc. (NYSE:ITG) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,804 shares of the financial services provider’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in Investment Technology Group were worth $523,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ITG. Mason Street Advisors LLC boosted its position in shares of Investment Technology Group by 9.2% in the first quarter. Mason Street Advisors LLC now owns 7,384 shares of the financial services provider’s stock valued at $150,000 after buying an additional 623 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Investment Technology Group by 8.6% in the first quarter. SG Americas Securities LLC now owns 11,308 shares of the financial services provider’s stock valued at $229,000 after buying an additional 893 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Investment Technology Group by 4.0% in the first quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the financial services provider’s stock valued at $261,000 after buying an additional 500 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Investment Technology Group by 3.6% in the first quarter. BNP Paribas Arbitrage SA now owns 15,131 shares of the financial services provider’s stock valued at $306,000 after buying an additional 519 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Investment Technology Group by 3.1% in the first quarter. Arizona State Retirement System now owns 16,476 shares of the financial services provider’s stock valued at $334,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 87.19% of the company’s stock.

Shares of Investment Technology Group, Inc. (NYSE:ITG) traded up 0.15% on Friday, hitting $20.40. 34,940 shares of the stock traded hands. Investment Technology Group, Inc. has a 12-month low of $15.04 and a 12-month high of $22.69. The firm’s 50-day moving average is $21.47 and its 200 day moving average is $20.54. The firm’s market cap is $675.75 million.

Investment Technology Group (NYSE:ITG) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by $0.04. The company had revenue of $121.60 million during the quarter, compared to the consensus estimate of $124 million. Investment Technology Group had a positive return on equity of 3.08% and a negative net margin of 1.77%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.02) EPS. Equities research analysts forecast that Investment Technology Group, Inc. will post $0.59 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 22nd will be paid a $0.07 dividend. The ex-dividend date is Friday, August 18th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.37%. Investment Technology Group’s dividend payout ratio (DPR) is presently -107.69%.

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Several brokerages have recently issued reports on ITG. ValuEngine upgraded shares of Investment Technology Group from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of Investment Technology Group from a “sell” rating to a “hold” rating in a report on Thursday, May 4th. TheStreet upgraded shares of Investment Technology Group from a “c” rating to a “b-” rating in a report on Wednesday, August 2nd. Finally, BidaskClub cut shares of Investment Technology Group from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. Investment Technology Group currently has an average rating of “Hold” and an average price target of $22.50.

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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