216,352 Shares in Investment Technology Group (ITG) Acquired by Kassirer Asset Management Corp

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Kassirer Asset Management Corp bought a new stake in Investment Technology Group (NYSE:ITG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 216,352 shares of the financial services provider’s stock, valued at approximately $6,542,000. Investment Technology Group accounts for 6.0% of Kassirer Asset Management Corp’s investment portfolio, making the stock its 4th biggest holding. Kassirer Asset Management Corp owned approximately 0.65% of Investment Technology Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Investment Technology Group by 6.6% in the second quarter. BlackRock Inc. now owns 4,782,724 shares of the financial services provider’s stock valued at $100,054,000 after purchasing an additional 296,754 shares during the period. Vanguard Group Inc. grew its position in shares of Investment Technology Group by 2.3% in the third quarter. Vanguard Group Inc. now owns 3,143,135 shares of the financial services provider’s stock valued at $68,080,000 after purchasing an additional 71,818 shares during the period. Vanguard Group Inc grew its position in shares of Investment Technology Group by 2.3% in the third quarter. Vanguard Group Inc now owns 3,143,135 shares of the financial services provider’s stock valued at $68,080,000 after purchasing an additional 71,818 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Investment Technology Group by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 1,821,318 shares of the financial services provider’s stock worth $39,450,000 after buying an additional 11,669 shares in the last quarter. Finally, FMR LLC lifted its stake in shares of Investment Technology Group by 42.9% in the third quarter. FMR LLC now owns 1,564,521 shares of the financial services provider’s stock worth $33,888,000 after buying an additional 469,500 shares in the last quarter. Institutional investors and hedge funds own 85.01% of the company’s stock.

Shares of NYSE:ITG traded up $0.01 during midday trading on Thursday, hitting $30.26. The company’s stock had a trading volume of 5,473 shares, compared to its average volume of 504,881. The company has a current ratio of 1.38, a quick ratio of 1.37 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.00 billion, a P/E ratio of 100.87 and a beta of 0.90. Investment Technology Group has a 12-month low of $19.01 and a 12-month high of $30.30.

Investment Technology Group (NYSE:ITG) last posted its quarterly earnings results on Wednesday, November 7th. The financial services provider reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.02. The firm had revenue of $120.77 million for the quarter, compared to the consensus estimate of $119.97 million. Investment Technology Group had a negative net margin of 0.17% and a positive return on equity of 7.85%. On average, analysts expect that Investment Technology Group will post 1.01 earnings per share for the current year.

In other Investment Technology Group news, CEO Francis J. Troise sold 65,611 shares of Investment Technology Group stock in a transaction dated Tuesday, December 18th. The shares were sold at an average price of $30.02, for a total transaction of $1,969,642.22. Following the transaction, the chief executive officer now directly owns 237,398 shares of the company’s stock, valued at $7,126,687.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy Jones sold 1,653 shares of Investment Technology Group stock in a transaction dated Friday, December 21st. The stock was sold at an average price of $30.01, for a total transaction of $49,606.53. Following the transaction, the director now directly owns 66,962 shares in the company, valued at $2,009,529.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,324 shares of company stock worth $2,171,251. Insiders own 3.00% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Investment Technology Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 5th. ValuEngine raised shares of Investment Technology Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 21st. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $25.00.

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About Investment Technology Group

Investment Technology Group, Inc operates as a financial technology company in the United States, Canada, Europe, and the Asia Pacific. The company offers various solutions for asset managers and broker-dealers in the areas of execution services, workflow technology, and analytics that provide trade execution services and solutions for portfolio management, as well as pre-trade analytics, and post-trade analytics and processing.

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

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