Other equities research analysts have also issued research reports about the company. TheStreet lowered Investment Technology Group from a buy rating to a hold rating in a research note on Monday, August 8th. JPMorgan Chase & Co. dropped their price target on Investment Technology Group from $18.00 to $17.00 and set a neutral rating for the company in a research note on Friday, July 29th.
Shares of Investment Technology Group (NYSE:ITG) traded down 2.01% on Monday, reaching $16.59. The company’s stock had a trading volume of 185,367 shares. The company’s 50 day moving average price is $16.13 and its 200 day moving average price is $17.72. The company has a market cap of $545.93 million, a P/E ratio of 7.21 and a beta of 1.32. Investment Technology Group has a 12-month low of $13.70 and a 12-month high of $22.92.
Investment Technology Group (NYSE:ITG) last issued its quarterly earnings results on Thursday, July 28th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. Investment Technology Group had a return on equity of 0.35% and a net margin of 13.11%. The firm had revenue of $120.60 million for the quarter, compared to the consensus estimate of $115.73 million. During the same period last year, the firm earned $0.32 EPS. The company’s revenue for the quarter was down 14.2% on a year-over-year basis. Analysts forecast that Investment Technology Group will post ($0.01) EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Virginia Retirement System bought a new stake in Investment Technology Group during the first quarter worth $491,000. Wellington Management Group LLP raised its stake 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 worth $55,806,000 after buying an additional 1,997,024 shares during the period. Barclays PLC raised its stake in Investment Technology Group by 117.9% in the first quarter. Barclays PLC now owns 14,575 shares of the company’s stock worth $320,000 after buying an additional 96,075 shares during the period. BNP Paribas Arbitrage SA raised its stake in Investment Technology Group by 280.0% in the second quarter. BNP Paribas Arbitrage SA now owns 10,829 shares of the company’s stock worth $181,000 after buying an additional 7,979 shares during the period. Finally, River & Mercantile Asset Management LLP raised its stake in Investment Technology Group by 39.5% in the second quarter. River & Mercantile Asset Management LLP now owns 126,540 shares of the company’s stock worth $2,117,000 after buying an additional 35,799 shares during the period. 90.26% of the stock is owned by institutional investors.
About Investment Technology Group
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