About Investment Technology Group (NYSE:ITG)
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. Execution Services includes self-directed trading using algorithms, smart routing and matching through POSIT in cash equities, futures and options trading and portfolio trading and high-touch trading desks providing execution expertise. Workflow Technology includes trade order and execution management software applications in addition to network connectivity. Analytics includes tools enabling portfolio managers and traders to improve pre-trade, real-time and post-trade execution performance; portfolio construction and optimization decisions, and securities valuation.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Investment Banking
- Sub-Industry: Investment Banking & Brokerage
- Symbol: NYSE:ITG
- CUSIP: 46145F10
- Web: www.itg.com
- Market Cap: $771.48 million
- Outstanding Shares: 33,125,000
- 50 Day Moving Avg: $21.75
- 200 Day Moving Avg: $20.97
- 52 Week Range: $15.04 - $23.80
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 19.91
- P/E Growth: 0.32
- Annual Revenue: $464.03 million
- Price / Sales: 1.66
- Book Value: $12.51 per share
- Price / Book: 1.86
- Annual Dividend: $0.28
- Dividend Yield: 1.2%
- Net Margins: -1.77%
- Return on Equity: 3.08%
- Return on Assets: 1.42%
- Debt-to-Equity Ratio: 0.01%
- Current Ratio: 1.42%
- Quick Ratio: 1.41%
- Average Volume: 209,643 shs.
- Beta: 1.48
Frequently Asked Questions for Investment Technology Group (NYSE:ITG)
What is Investment Technology Group's stock symbol?
Investment Technology Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "ITG."
How often does Investment Technology Group pay dividends? What is the dividend yield for Investment Technology Group?
Investment Technology Group declared a quarterly dividend on Thursday, August 10th. Stockholders of record on Tuesday, August 22nd will be given a dividend of $0.07 per share on Friday, September 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Friday, August 18th. View Investment Technology Group's Dividend History.
How were Investment Technology Group's earnings last quarter?
Investment Technology Group, Inc. (NYSE:ITG) posted its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.04. The firm earned $121.60 million during the quarter, compared to analysts' expectations of $124 million. Investment Technology Group had a positive return on equity of 3.08% and a negative net margin of 1.77%. Investment Technology Group's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.02) EPS. View Investment Technology Group's Earnings History.
When will Investment Technology Group make its next earnings announcement?
Where is Investment Technology Group's stock going? Where will Investment Technology Group's stock price be in 2017?
2 equities research analysts have issued 1 year target prices for Investment Technology Group's stock. Their predictions range from $20.00 to $21.00. On average, they expect Investment Technology Group's stock price to reach $20.50 in the next twelve months. View Analyst Ratings for Investment Technology Group.
Who are some of Investment Technology Group's key competitors?
Some companies that are related to Investment Technology Group include WisdomTree Investments (WETF), Union Bankshares Corporation (UBSH), Westamerica Bancorporation (WABC), Four Corners Property Trust (FCPT), Employers Holdings (EIG), Global Net Lease (GNL), Heartland Financial USA (HTLF), CareTrust REIT (CTRE), CBL & Associates Properties (CBL), First Busey Corporation (BUSE), Seritage Growth Properties (SRG), S&T Bancorp (STBA), Agree Realty Corporation (ADC), Sabra Healthcare REIT (SBRA), Saul Centers (BFS), 1st Source Corporation (SRCE), Boston Private Financial Holdings (BPFH) and National Western Life Group (NWLI).
Who are Investment Technology Group's key executives?
Investment Technology Group's management team includes the folowing people:
- Minder Cheng, Independent Chairman of the Board
- Francis J. Troise, President, Chief Executive Officer, Director
- Steven R. Vigliotti, Chief Financial Officer, Chief Administrative Officer, Managing Director
- Robert J. Boardman, Managing Director and Chief Executive Officer of ITG's European Operations
- Michael Corcoran, Managing Director and Chief Executive Officer of ITG's Asia Pacific Operations
- Etienne Phaneuf, Managing Director and Chief Executive Officer of ITG's Canadian Operations
- Angelique F.M. DeSanto, General Counsel, Managing Director, Corporate Secretary
- Peter A. Goldstein, Managing Director, Global Head - Human Resources
- Brian Pomraning, Managing Director and Global Head - Product Management
- James P. Selway III, Managing Director and Head of U.S. Execution Services
Who owns Investment Technology Group stock?
Investment Technology Group's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Shell Asset Management Co. (0.40%) and Assenagon Asset Management S.A. (0.35%). Company insiders that own Investment Technology Group stock include Michael Marrale and William S Geyer. View Institutional Ownership Trends for Investment Technology Group.
Who bought Investment Technology Group stock? Who is buying Investment Technology Group stock?
How do I buy Investment Technology Group stock?
Shares of Investment Technology Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Investment Technology Group's stock price today?
MarketBeat Community Rating for Investment Technology Group (NYSE ITG)MarketBeat's community ratings are surveys of what our community members think about Investment Technology Group and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Investment Technology Group stock can currently be purchased for approximately $23.29.
Consensus Ratings for Investment Technology Group (NYSE:ITG) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 1 Buy Rating|
|Consensus Rating:||Buy (Score: 2.50)|
|Consensus Price Target: ||$20.50 (11.98% downside)|Consensus Price Target History for Investment Technology Group (NYSE:ITG)
Analysts' Ratings History for Investment Technology Group (NYSE:ITG)
(Data available from 10/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/12/2017||Rosenblatt Securities||Initiated Coverage||Neutral -> Neutral||$21.00||Low|
|11/20/2016||Credit Suisse Group||Initiated Coverage||Outperform||$20.00||N/A|
|7/29/2016||J P Morgan Chase & Co||Lower Price Target||Neutral||$18.00 -> $17.00||N/A|
|11/6/2015||Barclays PLC||Boost Price Target||$16.00 -> $23.00||N/A|
Earnings History for Investment Technology Group (NYSE:ITG)Earnings History by Quarter for Investment Technology Group (NYSE ITG)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/2/2017||Q2 2017||$0.18||$0.14||$124.00 million||$121.60 million||View||Listen|
|5/3/2017||Q1 2017||$0.08||$0.16||$120.10 million||$120.80 million||View||Listen|
|2/1/2017||Q416||$0.10||$0.16||$120.47 million||$119.60 million||View||Listen|
|11/9/2016||Q316||($0.13)||($0.08)||$107.75 million||$104.20 million||View||Listen|
|7/28/2016||Q216||($0.01)||($0.02)||$115.73 million||$120.60 million||View||Listen|
|5/5/2016||Q116||$0.04||$0.05||$123.45 million||$124.66 million||View||Listen|
|2/4/2016||Q415||($0.03)||($0.07)||$116.29 million||$116.50 million||View||Listen|
|11/5/2015||Q315||($0.07)||$0.12||$117.99 million||$120.40 million||View||Listen|
|8/3/2015||Q2||$0.35||$0.32||$143.00 million||$140.50 million||View||Listen|
|4/30/2015||Q1||$0.45||$0.47||$154.40 million||$149.70 million||View||Listen|
|1/29/2015||Q414||$0.38||$0.40||$149.80 million||$149.00 million||View||Listen|
|11/3/2014||Q3||$0.26||$0.25||$130.90 million||$134.80 million||View||Listen|
|7/31/2014||Q214||$0.30||$0.35||$131.40 million||$138.50 million||View||Listen|
|5/1/2014||Q114||$0.32||$0.37||$142.12 million||$137.60 million||View||N/A|
|1/30/2014||Q413||$0.19||$0.26||$127.50 million||$131.90 million||View||Listen|
|10/31/2013||Q313||$0.15||$0.20||$127.30 million||$127.60 million||View||N/A|
|8/1/2013||Q2 2013||$0.20||$0.27||$131.50 million||$139.30 million||View||N/A|
|5/2/2013||Q1 2013||$0.15||$0.24||$130.51 million||$132.10 million||View||N/A|
|1/31/2013||Q4 2012||$0.01||$0.02||$119.51 million||$121.53 million||View||Listen|
|11/1/2012||Q312||$0.01||$120.37 million||$119.40 million||View||N/A|
Earnings Estimates for Investment Technology Group (NYSE:ITG)
Current Year EPS Consensus Estimate: $0.50 EPS
Next Year EPS Consensus Estimate: $1.17 EPS
Current Dividend Information for Investment Technology Group (NYSE:ITG)
|Most Recent Dividend:||9/15/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||-107.69% (Trailing 12 Months of Earnings) |
56.00% (Based on This Year's Estimates)
23.93% (Based on Next Year's Estimates)
Dividend History by Quarter for Investment Technology Group (NYSE ITG)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Investment Technology Group (NYSE:ITG)
Insider Ownership Percentage: 2.40%Insider Trades by Quarter for Investment Technology Group (NYSE:ITG)
Institutional Ownership Percentage: 87.64%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|2/8/2016||William S Geyer||Director||Buy||900||$16.77||$15,093.00|| |
|11/17/2015||Michael Marrale||Director||Sell||10,684||$19.96||$213,252.64|| |
|9/8/2015||Angelo Bulone||Director||Sell||2,564||$15.20||$38,972.80|| |
|8/24/2015||James P Selway III||Director||Buy||1,250||$15.70||$19,625.00|| |
|8/21/2015||James P Selway III||Director||Buy||1,250||$16.10||$20,125.00|| |
|8/19/2015||R Jarrett Lilien||CEO||Buy||5,000||$17.07||$85,350.00|| |
|8/19/2015||T Kelley Millet||Director||Buy||2,000||$17.32||$34,640.00|| |
|3/20/2015||Robert J Boardman||CEO||Sell||3,200||$28.40||$90,880.00|| |
|3/18/2015||Robert J Boardman||CEO||Sell||6,800||$28.61||$194,548.00|| |
|3/16/2015||David Meitz||Director||Sell||10,000||$27.41||$274,100.00|| |
|3/16/2015||P Mats Goebels||Insider||Sell||6,800||$28.39||$193,052.00|| |
|2/17/2015||Robert C Gasser||CEO||Sell||9,100||$22.71||$206,661.00|| |
|2/5/2015||Peter A Goldstein||Insider||Sell||5,000||$22.07||$110,350.00|| |
|12/22/2014||Peter A Goldstein||Insider||Sell||5,000||$20.37||$101,850.00|| |
|12/22/2014||Robert C Gasser||CEO||Sell||2,000||$20.58||$41,160.00|| |
|12/17/2014||Robert C Gasser||CEO||Sell||5,000||$19.93||$99,650.00|| |
|12/4/2014||James P Selway III||Director||Sell||1,900||$20.23||$38,437.00|| |
|11/25/2014||David Meitz||Director||Sell||3,800||$20.03||$76,114.00|| |
|11/25/2014||P Mats Goebels||Insider||Sell||3,600||$20.01||$72,036.00|| |
|11/20/2014||David Meitz||Director||Sell||1,200||$20.00||$24,000.00|| |
|11/18/2014||P Mats Goebels||Insider||Sell||5,500||$19.60||$107,800.00|| |
|9/12/2014||P Mats Goebels||Insider||Sell||5,000||$17.17||$85,850.00|| |
|8/20/2014||Robert C Gasser||CEO||Sell||15,000||$17.48||$262,200.00|| |
|3/7/2014||James Selway III||Director||Sell||1,560||$18.02||$28,111.20|| |
|9/20/2013||Robert Gasser||CEO||Sell||10,000||$16.04||$160,400.00|| |
|9/6/2013||Peter A Goldstein||Insider||Sell||3,000||$17.50||$52,500.00|| |
|9/5/2013||Robert C Gasser||CEO||Sell||17,500||$17.28||$302,400.00|| |
|9/4/2013||Robert C Gasser||CEO||Sell||12,500||$17.02||$212,750.00|| |
|6/20/2013||David Meitz||Director||Sell||15,000||$13.88||$208,200.00|| |
|6/7/2013||Robert C Gasser||CEO||Sell||10,000||$14.09||$140,900.00|| |
|6/3/2013||Robert C Gasser||CEO||Sell||10,000||$13.68||$136,800.00|| |
|3/11/2013||P Mats Goebels||Insider||Sell||4,900||$12.27||$60,123.00|| |
Headline Trends for Investment Technology Group (NYSE:ITG)
Latest Headlines for Investment Technology Group (NYSE:ITG)
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Investment Technology Group (ITG) Chart for Tuesday, October, 24, 2017