Investment Technology Group, Inc. (ITG) Position Raised by Arizona State Retirement System

Xavier Trudeau
Juillet 17, 2017

Investment Technology Group, Inc (ITG) is a financial technology company that helps brokers and asset managers improve returns for investors around the world. Below is a list of Investment Technology Group (NYSE:ITG) latest ratings and price target changes. The institutional investor owned 3,175,844 shares of the financial services provider's stock after selling 288,375 shares during the period. Ls Invest Advsr Ltd Com reported 1,164 shares. Greenwich Wealth Management Ltd Company stated it has 0.11% of its portfolio in Investment Technology Group (NYSE:ITG). (NYSE:ITG) was downgraded by Zacks Investment Research from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Tuesday. JPMorgan Chase & Co. now owns 153,675 shares of the financial services provider's stock valued at $3,112,000 after buying an additional 68,541 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Investment Technology Group by 4.0% in the first quarter. Prudential Financial Inc. now owns 58,768 shares of the financial services provider's stock valued at $1,190,000 after buying an additional 1,670 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Investment Technology Group by 3.0% in the fourth quarter. Mason Street Advisors LLC now owns 7,384 shares of the financial services provider's stock worth $150,000 after buying an additional 623 shares in the last quarter. Finally, River & Mercantile Asset Management LLP acquired a new position in shares of Investment Technology Group during the fourth quarter worth $2,824,000. Institutional investors and hedge funds own 87.42% of the company's stock. Ellington Group Lc invested 0.04% in Investment Technology Group (NYSE:ITG).

Investment Technology Group (ITG) traded down 0.46% during trading on Tuesday, hitting $21.59. 143234 shares were traded on Investment Technology Group, Inc.'s last session. The company's market cap is $715.62 million. Investment Technology Group, Inc. has a 1-year low of $15.04 and a 1-year high of $22.42. The stock's 50-day moving average price is $20.77 and its 200-day moving average price is $20.30. Swiss State Bank reported 0% of its portfolio in Investment Technology Group (NYSE:ITG). The financial services provider reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.08. The business had revenue of $120.80 million for the quarter, compared to the consensus estimate of $120.10 million. Investment Technology Group had a negative net margin of 3.89% and a positive return on equity of 1.73%. The business's revenue for the quarter was down 3.1% compared to the same quarter a year ago. They expect $0.13 EPS, up 750.00% or $0.15 from last year's $-0.02 per share.

Arizona State Retirement System boosted its stake in Investment Technology Group, Inc.

More notable recent Fastenal Company (NASDAQ:FAST) news were published by: Seekingalpha.com which released: "Fastenal: Ready To Get Out Of Its Rut?" on July 10, 2017, also Reuters.com with their article: "BRIEF-Fastenal Co says on July 11, board authorized repurchases by company of ..." published on July 11, 2017, Nasdaq.com published: "Fastenal Company Announces Conference Call to Review 2017 Second Quarter Earnings" on June 27, 2017. Metropolitan Life Ins invested in 0% or 25,804 shares. The ex-dividend date of this dividend was Thursday, May 25th. Bankshares Of Ny Mellon accumulated 1.62M shares or 0.01% of the stock. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of worldwide copyright legislation.

Investment Technology Group (NYSE:ITG) last issued its quarterly earnings results on Wednesday, May 3rd. "(NYSE:ITG) Stock Rating Lowered by Zacks Investment Research" was reported by Chaffey Breeze and is the property of of Chaffey Breeze. ValuEngine raised Investment Technology Group from a "sell" rating to a "hold" rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of "Hold" and an average target price of $20.00. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/07/14/investment-technology-group-inc-itg-cut-to-sell-at-zacks-investment-research.html. 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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