Investment Technology Group, Inc. (ITG) Receives Average Recommendation of “Hold” from Brokerages

Investment Technology Group, Inc. (NYSE:ITG) has been assigned an average rating of “Hold” from the six ratings firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $20.50.

Several brokerages have commented on ITG. ValuEngine upgraded shares of Investment Technology Group from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. TheStreet upgraded shares of Investment Technology Group from a “c” rating to a “b-” rating in a research report on Wednesday, August 2nd. Zacks Investment Research lowered shares of Investment Technology Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Rosenblatt Securities assumed coverage on shares of Investment Technology Group in a research report on Tuesday. They issued a “neutral” rating and a $21.00 price objective on the stock. Finally, BidaskClub lowered shares of Investment Technology Group from a “hold” rating to a “sell” rating in a research report on Monday, July 31st.

Investment Technology Group (NYSE:ITG) traded up 0.90% during trading on Tuesday, reaching $20.28. 61,068 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $20.70 and a 200 day moving average price of $20.55. The firm’s market capitalization is $671.78 million. Investment Technology Group has a 52 week low of $15.04 and a 52 week high of $22.69.

Investment Technology Group (NYSE:ITG) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). The company had revenue of $121.60 million for the quarter, compared to analysts’ expectations of $124.00 million. Investment Technology Group had a positive return on equity of 3.08% and a negative net margin of 1.77%. Investment Technology Group’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. Equities research analysts forecast that Investment Technology Group will post $0.58 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 22nd will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, August 18th. This represents a $0.28 annualized dividend and a dividend yield of 1.39%. Investment Technology Group’s dividend payout ratio is presently -107.69%.

Institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC purchased a new stake in shares of Investment Technology Group in the 1st quarter worth about $778,000. Comerica Bank boosted its position in shares of Investment Technology Group by 38.3% in the 1st quarter. Comerica Bank now owns 45,920 shares of the financial services provider’s stock worth $925,000 after buying an additional 12,720 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Investment Technology Group by 17.8% in the 1st quarter. Bank of New York Mellon Corp now owns 1,907,457 shares of the financial services provider’s stock worth $38,627,000 after buying an additional 287,596 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Investment Technology Group by 3.0% in the 4th quarter. Teachers Advisors LLC now owns 53,407 shares of the financial services provider’s stock worth $1,054,000 after buying an additional 1,559 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of Investment Technology Group by 2.9% in the 1st quarter. Prudential Financial Inc. now owns 58,768 shares of the financial services provider’s stock worth $1,190,000 after buying an additional 1,670 shares in the last quarter. Institutional investors and hedge funds own 87.64% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Investment Technology Group, Inc. (ITG) Receives Average Recommendation of “Hold” from Brokerages” was first reported by Ticker Report and is owned by of Ticker Report. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and international copyright law. The correct version of this report can be viewed at https://www.tickerreport.com/banking-finance/2886979/investment-technology-group-inc-itg-receives-average-recommendation-of-hold-from-brokerages.html.

Investment Technology Group Company Profile

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.

Receive News & Ratings for Investment Technology Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Investment Technology Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.