Investment Technology Group (ITG) Holdings Lifted by Acadian Asset Management LLC

Acadian Asset Management LLC grew its stake in shares of Investment Technology Group (NYSE:ITG) by 29.5% during the 2nd quarter, Holdings Channel reports. The firm owned 30,213 shares of the financial services provider’s stock after buying an additional 6,874 shares during the period. Acadian Asset Management LLC’s holdings in Investment Technology Group were worth $632,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in shares of Investment Technology Group during the 1st quarter worth approximately $111,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Investment Technology Group during the 1st quarter worth approximately $267,000. MetLife Investment Advisors LLC acquired a new position in shares of Investment Technology Group during the 4th quarter worth approximately $346,000. Barclays PLC increased its holdings in shares of Investment Technology Group by 474.0% during the 1st quarter. Barclays PLC now owns 29,932 shares of the financial services provider’s stock worth $591,000 after acquiring an additional 24,717 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Investment Technology Group by 6.7% during the 4th quarter. Alliancebernstein L.P. now owns 49,170 shares of the financial services provider’s stock worth $947,000 after acquiring an additional 3,080 shares during the last quarter. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

Investment Technology Group opened at $23.07 on Friday, MarketBeat reports. The company has a current ratio of 1.34, a quick ratio of 1.45 and a debt-to-equity ratio of 0.01. The company has a market cap of $682.46 million, a P/E ratio of 76.90 and a beta of 1.45. Investment Technology Group has a 1-year low of $17.63 and a 1-year high of $23.96.

Investment Technology Group (NYSE:ITG) last posted its earnings results on Wednesday, August 8th. The financial services provider reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The business had revenue of $128.50 million for the quarter, compared to analyst estimates of $126.40 million. Investment Technology Group had a positive return on equity of 5.29% and a negative net margin of 9.58%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 EPS. equities analysts forecast that Investment Technology Group will post 1.34 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Tuesday, August 21st will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Monday, August 20th. Investment Technology Group’s dividend payout ratio is 93.33%.

A number of research analysts recently weighed in on the company. ValuEngine raised Investment Technology Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Zacks Investment Research lowered Investment Technology Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 5th. Finally, JPMorgan Chase & Co. raised Investment Technology Group from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $24.00 to $25.00 in a report on Thursday. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $23.67.

Investment Technology Group Profile

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.

See Also: Price to Earnings Ratio (PE) Basics

Want to see what other hedge funds are holding ITG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Investment Technology Group (NYSE:ITG).

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

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

Leave a Reply