ITG has been the subject of several other reports. TheStreet lowered Investment Technology Group from a buy rating to a hold rating in a report on Monday, August 8th. JPMorgan Chase & Co. lowered their price objective 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 (NYSE:ITG) opened at 16.16 on Monday. Investment Technology Group has a 1-year low of $14.48 and a 1-year high of $22.92. The stock has a market capitalization of $531.78 million, a P/E ratio of 7.03 and a beta of 1.33. The company has a 50-day moving average price of $16.18 and a 200 day moving average price of $17.69.
Investment Technology Group (NYSE:ITG) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. The firm 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 firm’s quarterly revenue was down 14.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 earnings per share. On average, equities analysts predict that Investment Technology Group will post ($0.01) EPS for the current year.
Several institutional investors have recently bought and sold shares of the stock. Virginia Retirement System bought a new position in Investment Technology Group during the first quarter valued at approximately $491,000. Bank of New York Mellon Corp raised its position in Investment Technology Group by 204.1% in the second quarter. Bank of New York Mellon Corp now owns 1,720,755 shares of the company’s stock valued at $28,772,000 after buying an additional 1,154,918 shares during the period. Westpac Banking Corp raised its position in Investment Technology Group by 12.8% in the second quarter. Westpac Banking Corp now owns 74,894 shares of the company’s stock valued at $1,252,000 after buying an additional 8,489 shares during the period. Eqis Capital Management Inc. bought a new position in Investment Technology Group during the second quarter valued at approximately $319,000. Finally, Wellington Management Group LLP raised its position in Investment Technology Group by 378.1% in the first quarter. Wellington Management Group LLP now owns 2,525,162 shares of the company’s stock valued at $55,806,000 after buying an additional 1,997,024 shares during the period. 90.26% of the stock is owned by institutional investors.
About Investment Technology Group
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