Alps Advisors Inc. reduced its position in shares of Investment Technology Group Inc. (NYSE:ITG) by 6.8% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 18,553 shares of the company’s stock after selling 1,361 shares during the period. Alps Advisors Inc.’s holdings in Investment Technology Group were worth $310,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its stake in Investment Technology Group by 280.0% in the second quarter. BNP Paribas Arbitrage SA now owns 10,829 shares of the company’s stock worth $181,000 after buying an additional 7,979 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Investment Technology Group by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the company’s stock worth $246,000 after buying an additional 200 shares during the last quarter. Boston Advisors LLC boosted its stake in Investment Technology Group by 0.5% in the second quarter. Boston Advisors LLC now owns 16,040 shares of the company’s stock worth $268,000 after buying an additional 80 shares during the last quarter. Eqis Capital Management Inc. acquired a new stake in Investment Technology Group during the second quarter worth about $319,000. Finally, Barclays PLC boosted its stake in Investment Technology Group by 117.9% in the first quarter. Barclays PLC now owns 14,575 shares of the company’s stock worth $320,000 after buying an additional 96,075 shares during the last quarter. 90.26% of the stock is owned by institutional investors.
Investment Technology Group Inc. (NYSE:ITG) traded down 1.10% during mid-day trading on Thursday, reaching $16.16. The company had a trading volume of 322,789 shares. Investment Technology Group Inc. has a one year low of $13.96 and a one year high of $22.92. The stock has a market capitalization of $531.78 million, a PE ratio of 7.03 and a beta of 1.33. The company’s 50-day moving average is $16.17 and its 200-day moving average is $17.70.
Investment Technology Group (NYSE:ITG) last released its earnings results on Thursday, July 28th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.01. The business earned $120.60 million during the quarter, compared to the consensus estimate of $115.73 million. Investment Technology Group had a net margin of 13.11% and a return on equity of 0.35%. The business’s revenue was down 14.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.32 earnings per share. Equities research analysts anticipate that Investment Technology Group Inc. will post ($0.01) earnings per share for the current year.
ITG has been the subject of a number of recent analyst reports. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Investment Technology Group in a research report on Wednesday, June 29th. TheStreet cut Investment Technology Group from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Finally, JPMorgan Chase & Co. dropped their price target on Investment Technology Group from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, July 29th.
Investment Technology Group Company Profile
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