Voya Investment Management LLC cut its holdings in shares of Investment Technology Group, Inc. (NYSE:ITG) by 43.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,441 shares of the financial services provider’s stock after selling 13,474 shares during the period. Voya Investment Management LLC owned approximately 0.05% of Investment Technology Group worth $370,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its position in shares of Investment Technology Group by 77.3% during the second quarter. State of Alaska Department of Revenue now owns 6,188 shares of the financial services provider’s stock valued at $131,000 after buying an additional 2,698 shares during the last quarter. Tudor Investment Corp ET AL boosted its position in shares of Investment Technology Group by 59.2% during the first quarter. Tudor Investment Corp ET AL now owns 16,886 shares of the financial services provider’s stock valued at $342,000 after buying an additional 6,280 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in shares of Investment Technology Group by 7.6% during the first quarter. Thrivent Financial For Lutherans now owns 17,960 shares of the financial services provider’s stock valued at $364,000 after buying an additional 1,270 shares during the last quarter. Alpha Windward LLC purchased a new stake in shares of Investment Technology Group during the second quarter valued at $469,000. Finally, Texas Permanent School Fund boosted its position in shares of Investment Technology Group by 0.6% during the second quarter. Texas Permanent School Fund now owns 22,991 shares of the financial services provider’s stock valued at $488,000 after buying an additional 128 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Investment Technology Group, Inc. (NYSE:ITG) opened at $18.77 on Friday. Investment Technology Group, Inc. has a 1-year low of $17.75 and a 1-year high of $23.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market capitalization of $620.55, a PE ratio of 53.63 and a beta of 1.48.

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

Several research firms recently commented on ITG. BidaskClub raised Investment Technology Group from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research cut Investment Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 18th. TheStreet raised Investment Technology Group from a “c” rating to a “b-” rating in a research report on Wednesday, August 2nd. Rosenblatt Securities initiated coverage on Investment Technology Group in a report on Tuesday, September 12th. They issued a “neutral” rating and a $21.00 target price on the stock. Finally, ValuEngine downgraded Investment Technology Group from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $22.00.

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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.

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

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