Parametric Portfolio Associates LLC Raises Holdings in Investment Technology Group, Inc. (ITG)

Parametric Portfolio Associates LLC grew its stake in shares of Investment Technology Group, Inc. (NYSE:ITG) by 15.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,502 shares of the financial services provider’s stock after acquiring an additional 9,226 shares during the period. Parametric Portfolio Associates LLC owned 0.20% of Investment Technology Group worth $1,434,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ITG. Prudential Financial Inc. lifted its position in Investment Technology Group by 2.9% during the first quarter. Prudential Financial Inc. now owns 58,768 shares of the financial services provider’s stock worth $1,190,000 after acquiring an additional 1,670 shares during the last quarter. Principal Financial Group Inc. lifted its position in Investment Technology Group by 5.8% during the first quarter. Principal Financial Group Inc. now owns 240,010 shares of the financial services provider’s stock worth $4,860,000 after acquiring an additional 13,120 shares during the last quarter. FMR LLC lifted its position in Investment Technology Group by 2.1% during the first quarter. FMR LLC now owns 907,080 shares of the financial services provider’s stock worth $18,368,000 after acquiring an additional 18,300 shares during the last quarter. Teachers Advisors LLC lifted its position in Investment Technology Group by 27.3% during the first quarter. Teachers Advisors LLC now owns 67,973 shares of the financial services provider’s stock worth $1,376,000 after acquiring an additional 14,566 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in Investment Technology Group by 3.0% during the first quarter. Legal & General Group Plc now owns 54,205 shares of the financial services provider’s stock worth $1,097,000 after acquiring an additional 1,596 shares during the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Investment Technology Group, Inc. (ITG) opened at $18.50 on Tuesday. Investment Technology Group, Inc. has a fifty-two week low of $17.75 and a fifty-two week high of $23.96. The company has a market cap of $620.55, a P/E ratio of 53.63 and a beta of 1.48. The company has a current ratio of 1.53, a quick ratio of 1.52 and a debt-to-equity ratio of 0.01.

Investment Technology Group (NYSE:ITG) last announced its earnings results on Wednesday, November 1st. The financial services provider reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $114.50 million for the quarter, compared to the consensus estimate of $112.50 million. During the same period in the prior year, the business posted ($0.08) earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. research analysts predict that Investment Technology Group, Inc. will post 0.23 EPS for the current fiscal year.

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

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.

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

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