About Investment Technology Group (NYSE:ITG)
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. The company's products include POSIT, a point-in-time electronic crossing network for equity orders and price improvement opportunities; algorithms and smart order routers that offers portfolio managers and traders a way to trade orders; and single stock and portfolio trading, as well as derivatives execution and technology services focusing on sell-side clients, professional traders, and select hedge funds. It also provides Execution Management System, which offers execution and analytical tools for global list-based and single-stock trading, futures and options, and a financial services communications network; and Order Management System that combines portfolio management and compliance functionality. In addition, the company provides ITG Net, a financial communications network; RFQ-hub, a multi-asset platform for financial instruments; Single Ticket Clearing, a broker-neutral operational service; and Commission Manager, a Web-based commission management portal. Further, it offers Trading Analytics, which enables portfolio managers and traders to enhance execution performance through trading analytics and risk models; and Portfolio Analytics that assists asset managers with portfolio decision-making tasks from portfolio construction and optimization. Additionally, the company provides software development and maintenance services; and workflow technology solutions and network connectivity services for the financial community. Investment Technology Group, Inc. was founded in 1983 and is headquartered in New York, New York.
Industry, Sector and Symbol
Industry Security brokers & dealers
Sub-IndustryInvestment Banking & Brokerage
SectorFinance
SymbolNYSE:ITG
CUSIP46145F10
Phone212-588-4000
Debt
Debt-to-Equity Ratio0.01%
Current Ratio1.53%
Quick Ratio1.53%
Price-To-Earnings
Trailing P/E Ratio69.23
Forward P/E Ratio18.29
P/E GrowthN/A
Sales & Book Value
Annual Sales$483.69 million
Price / Sales1.41
Cash Flow$1.6764 per share
Price / Cash12.33
Book Value$10.99 per share
Price / Book1.88
Profitability
EPS (Most Recent Fiscal Year)$0.30
Net Income$-39,440,000.00
Net Margins-8.15%
Return on Equity2.66%
Return on Assets1.21%
Miscellaneous
Employees934
Outstanding Shares33,080,000
Investment Technology Group (NYSE:ITG) Frequently Asked Questions
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 announced a quarterly dividend on Thursday, February 15th. Investors of record on Tuesday, February 27th will be paid a dividend of $0.07 per share on Thursday, March 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Monday, February 26th. View Investment Technology Group's Dividend History.
How will Investment Technology Group's stock buyback program work?
Investment Technology Group announced that its Board of Directors has initiated a share buyback plan on Friday, February 16th 2018, which authorizes the company to buyback 4,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is undervalued.
How were Investment Technology Group's earnings last quarter?
Investment Technology Group (NYSE:ITG) announced its quarterly earnings data on Tuesday, January, 30th. The financial services provider reported $0.12 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.13 by $0.01. The financial services provider had revenue of $126.70 million for the quarter, compared to analyst estimates of $125.70 million. Investment Technology Group had a positive return on equity of 2.66% and a negative net margin of 8.15%. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 EPS. View Investment Technology Group's Earnings History.
When is Investment Technology Group's next earnings date?
What price target have analysts set for ITG?
2 Wall Street analysts have issued 12 month price objectives for Investment Technology Group's shares. Their forecasts range from $21.00 to $21.00. On average, they expect Investment Technology Group's share price to reach $21.00 in the next year. 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 Waddell & Reed (WDR), WisdomTree Investments (WETF), Piper Jaffray (PJC), Associated Capital Group (AC), GAMCO Investors (GBL), Greenhill & Co. (GHL), Cowen Group (COWN), Oppenheimer (OPY), Siebert Financial (SIEB), JMP Group (JMP), China Finance Online (JRJC), Global Arena (GAHC), Gleacher & Co. Ltd. (GLCH), Capital Financial (CPFH) and Woodstock (WSFL).
Who are Investment Technology Group's key executives?
Investment Technology Group's management team includes the folowing people:
- Mr. Francis Joseph Troise, CEO, Pres & Director (Age 52)
- Mr. Steven Richard Vigliotti, MD, CFO & Chief Admin. Officer (Age 50)
- Mr. Robert J. Boardman, MD & CEO of EMEA (Age 50)
- Mr. Etienne Phaneuf, Managing Director and Chief Exec. Officer of Canada Operations (Age 44)
- Mr. Angelo Bulone, MD, Controller & Principal Accounting Officer (Age 52)
Has Investment Technology Group been receiving favorable news coverage?
News coverage about ITG stock has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Investment Technology Group earned a news sentiment score of 0.09 on Accern's scale. They also assigned media coverage about the financial services provider an impact score of 46.38 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near future.
How do I buy shares of Investment Technology Group?
Shares of ITG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Investment Technology Group's stock price today?
One share of ITG stock can currently be purchased for approximately $20.67.
How big of a company is Investment Technology Group?
Investment Technology Group has a market capitalization of $684.44 million and generates $483.69 million in revenue each year. The financial services provider earns $-39,440,000.00 in net income (profit) each year or $0.30 on an earnings per share basis. Investment Technology Group employs 934 workers across the globe.
How can I contact Investment Technology Group?
Investment Technology Group's mailing address is 165 BROADWAY, NEW YORK NY, 10006. The financial services provider can be reached via phone at 212-588-4000 or via email at [email protected]
MarketBeat Community Rating for Investment Technology Group (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 ITG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ITG will underperform the S&P 500 over the long term. You may vote once every thirty days.
Investment Technology Group (NYSE:ITG) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
2 Wall Street analysts have issued ratings and price targets for Investment Technology Group in the last 12 months. Their average twelve-month price target is $21.00, suggesting that the stock has a possible upside of 1.60%. The high price target for ITG is $21.00 and the low price target for ITG is $21.00. There are currently 2 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Hold | Buy |
| Consensus Rating Score: | 3.00 | 3.00 | 2.00 | 2.50 |
| Ratings Breakdown: | 0 Sell Rating(s)
0 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $21.00 | $21.00 | $21.00 | $20.50 |
| Price Target Upside: | 1.60% upside | 6.01% upside | 4.48% upside | 1.99% upside |
Investment Technology Group (NYSE:ITG) Consensus Price Target History
Investment Technology Group (NYSE:ITG) Analyst Ratings History
Show:
(Data available from 4/25/2016 forward)
Investment Technology Group (NYSE:ITG) Dividend Information
Investment Technology Group pays an annual dividend of $0.28 per share, with a dividend yield of 1.35%. ITG's most recent quarterly dividend payment was Thursday, March 15. Investment Technology Group pays out 93.33% of its earnings out as a dividend.
| Most Recent Dividend: | 3/15/2018 |
| Annual Dividend: | $0.28 |
| Dividend Yield: | 1.35% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 93.33% (Trailing 12 Months of Earnings)
24.78% (Based on This Year's Estimates)
17.28% (Based on Next Year's Estimates)
|
Investment Technology Group (NYSE:ITG) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/15/2018 | quarterly | $0.07 | 1.41485598787266% | 2/26/2018 | 2/27/2018 | 3/15/2018 |
| 11/16/2017 | quarterly | $0.07 | 1.53% | 11/27/2017 | 11/28/2017 | 12/15/2017 |
| 8/10/2017 | quarterly | $0.07 | 1.37% | 8/18/2017 | 8/22/2017 | 9/15/2017 |
| 5/18/2017 | quarterly | $0.07 | 1.38% | 5/25/2017 | 5/30/2017 | 6/15/2017 |
| 2/16/2017 | quarterly | $0.07 | 1.4% | 2/23/2017 | 2/27/2017 | 3/15/2017 |
| 11/17/2016 | quarterly | $0.07 | 1.44% | 11/25/2016 | 11/29/2016 | 12/13/2016 |
| 8/10/2016 | quarterly | $0.07 | 1.71% | 8/18/2016 | 8/22/2016 | 9/7/2016 |
| 5/18/2016 | quarterly | $0.07 | 1.54% | 5/26/2016 | 5/31/2016 | 6/14/2016 |
| 2/29/2016 | quarterly | $0.07 | 1.53% | 3/2/2016 | 3/4/2016 | 3/18/2016 |
| 11/5/2015 | quarterly | $0.07 | 1.36% | 11/18/2015 | 11/20/2015 | 12/11/2015 |
| 8/3/2015 | quarterly | $0.07 | | 8/19/2015 | 8/21/2015 | 9/10/2015 |
| 4/30/2015 | quarterly | $0.07 | 0.97% | 5/13/2015 | 5/15/2015 | 6/5/2015 |
(Data available from 1/1/2013 forward)
Investment Technology Group (NYSE ITG) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.40%
Institutional Ownership Percentage: 87.57%
Investment Technology Group (NYSE ITG) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/8/2016 | William S Geyer | Director | Buy | 900 | $16.77 | $15,093.00 | 89,833 |  |
| 11/17/2015 | Michael Marrale | Director | Sell | 10,684 | $19.96 | $213,252.64 | 99,494 | |
| 9/8/2015 | Angelo Bulone | Director | Sell | 2,564 | $15.20 | $38,972.80 | 33,943 | |
| 8/24/2015 | James P Selway III | Director | Buy | 1,250 | $15.70 | $19,625.00 | 84,076 | |
| 8/21/2015 | James P Selway III | Director | Buy | 1,250 | $16.10 | $20,125.00 | 82,826 | |
| 8/19/2015 | R Jarrett Lilien | CEO | Buy | 5,000 | $17.07 | $85,350.00 | 11,119 | |
| 8/19/2015 | T Kelley Millet | Director | Buy | 2,000 | $17.32 | $34,640.00 | 10,640 | |
| 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 | 85,419 | |
| 9/20/2013 | Robert Gasser | CEO | Sell | 10,000 | $16.04 | $160,400.00 | 223,366 | |
| 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 | | |
(Data available from 1/1/2013 forward)
Investment Technology Group (NYSE ITG) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Investment Technology Group (ITG) Set to Announce Earnings on Tuesday
www.americanbankingnews.com - April 24 at 3:08 AM |
| Investment Technology Group (ITG) Given Consensus Recommendation of "Hold" by Analysts
www.americanbankingnews.com - April 21 at 3:30 AM |
| Zacks Investment Research Downgrades Investment Technology Group (ITG) to Sell
www.americanbankingnews.com - April 19 at 6:22 PM |
| Investment Technology Group (ITG) Lifted to "Hold" at BidaskClub
www.americanbankingnews.com - April 16 at 8:06 PM |
| Investment Technology Group (ITG) Downgraded to Sell at BidaskClub
www.americanbankingnews.com - April 14 at 10:53 PM |
| Head-To-Head Analysis: Investment Technology Group (ITG) & Credit Suisse Group (CS)
www.americanbankingnews.com - April 13 at 1:31 PM |
| Investment Technology Group (ITG) Stock Rating Upgraded by TheStreet
www.americanbankingnews.com - April 13 at 10:53 AM |
| Investment Technology Group (ITG) Lowered to Sell at Zacks Investment Research
www.americanbankingnews.com - April 12 at 11:21 PM |
 | ITG to Announce First Quarter 2018 Results
finance.yahoo.com - April 10 at 4:57 PM |
| ITG Releases March 2018 U.S. Trading Volumes and Provides International Trading Commission Update
finance.yahoo.com - April 9 at 9:08 AM |
| Investment Technology Group (ITG) Upgraded to "Hold" at Zacks Investment Research
www.americanbankingnews.com - April 4 at 11:56 AM |
| Investment Technology Group (ITG) Cut to Sell at ValuEngine
www.americanbankingnews.com - April 3 at 1:22 PM |
| Investment Technology Group (ITG) Downgraded to "Sell" at ValuEngine
www.americanbankingnews.com - April 1 at 2:04 PM |
| Edited Transcript of ITG earnings conference call or presentation 30-Jan-18 1:00pm GMT
finance.yahoo.com - April 1 at 8:59 AM |
| Investment Technology Group (ITG) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - March 30 at 8:24 PM |
| Investment Technology Group (ITG) Stock Rating Lowered by Zacks Investment Research
www.americanbankingnews.com - March 27 at 9:44 PM |
| Investment Technology Group (ITG) Receives Average Rating of "Hold" from Analysts
www.americanbankingnews.com - March 27 at 3:26 AM |
| Zacks Investment Research Lowers Investment Technology Group (ITG) to Sell
www.americanbankingnews.com - March 25 at 1:22 PM |
| ITG Releases February 2018 U.S. Trading Volumes and Provides International Trading Commission Update
finance.yahoo.com - March 8 at 9:08 AM |
| Bogle Investment Management L P DE Increases Stake in Investment Technology Group (ITG)
www.americanbankingnews.com - March 6 at 5:04 AM |
| Investment Technology Group (ITG) Rating Increased to Buy at Citigroup
www.americanbankingnews.com - March 3 at 2:16 PM |
| Rosenblatt Securities Upgrades Investment Technology Group (ITG) to "Buy"
www.americanbankingnews.com - March 2 at 8:46 PM |
| Investment Technology Group (ITG) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - March 2 at 4:30 PM |
| American Century Companies Inc. Sells 20,180 Shares of Investment Technology Group (ITG)
www.americanbankingnews.com - February 28 at 4:21 AM |
| Investment Technology Group (ITG) Stake Boosted by Citadel Advisors LLC
www.americanbankingnews.com - February 26 at 12:02 PM |
| Investment Technology Group (ITG) Stake Decreased by Fuller & Thaler Asset Management Inc.
www.americanbankingnews.com - February 25 at 2:21 PM |
| Investment Technology Group (ITG) Holdings Boosted by Pinebridge Investments L.P.
www.americanbankingnews.com - February 24 at 7:13 AM |
| Investment Technology Group (ITG) to Buyback 4,000,000 Outstanding Stock
www.americanbankingnews.com - February 16 at 11:20 AM |
| Investment Technology Group (ITG) Plans $0.07 Quarterly Dividend
www.americanbankingnews.com - February 15 at 6:04 PM |
| ITG Declares Quarterly Dividend and Increases Share Repurchase Authorization
finance.yahoo.com - February 15 at 4:56 PM |
| Investment Technology Group (ITG) Short Interest Down 51.1% in January
www.americanbankingnews.com - February 15 at 2:40 AM |
| ITG Releases January 2018 U.S. Trading Volumes and Provides International Trading Commission Update
finance.yahoo.com - February 8 at 8:36 AM |
| Investment Technology Group (ITG) Releases Quarterly Earnings Results, Hits Expectations
www.americanbankingnews.com - January 30 at 11:10 AM |
| Investment Technology Group, Inc. to Host Earnings Call
finance.yahoo.com - January 30 at 10:03 AM |
| ITG Reports Fourth Quarter 2017 Results
finance.yahoo.com - January 30 at 10:03 AM |
| When Should You Buy Investment Technology Group Inc (NYSE:ITG)?
finance.yahoo.com - January 30 at 10:03 AM |
| Investment Technology Group (ITG) Upgraded to "Buy" by Zacks Investment Research
www.americanbankingnews.com - January 28 at 10:34 AM |
| Investment Technology Group (ITG) Scheduled to Post Quarterly Earnings on Tuesday
www.americanbankingnews.com - January 23 at 4:52 AM |
| ITG to Announce Fourth Quarter 2017 Results
finance.yahoo.com - January 12 at 6:40 AM |
| ITG Releases December 2017 U.S. Trading Volumes and Provides International Trading Commission Update
finance.yahoo.com - January 9 at 7:16 AM |
| European Trading Under MiFID II: New Survey Finds Buyside Expects More Block Trading and Robust Off-Exchange Liquidity
finance.yahoo.com - January 3 at 11:14 AM |
 | ITG record fine further dents trust in US equity market structure
www.ft.com - December 20 at 3:19 PM |
| ETFs with exposure to Investment Technology Group, Inc. : December 14, 2017
finance.yahoo.com - December 14 at 3:20 PM |
| ITG Launches Enhanced Dark Aggregation Algorithm
finance.yahoo.com - December 7 at 3:20 PM |
| ETFs with exposure to Investment Technology Group, Inc. : November 29, 2017
finance.yahoo.com - November 29 at 3:19 PM |
| Investment Technology Group Inc (ITG): Ex-Dividend Is Coming In 3 Days, Should You Buy?
finance.yahoo.com - November 23 at 4:58 PM |
| Investment Technology Group, Inc. :ITG-US: Earnings Analysis: Q3, 2017 By the Numbers : November 21, 2017
finance.yahoo.com - November 21 at 8:14 PM |
| ITG Declares Quarterly Dividend
finance.yahoo.com - November 17 at 7:50 AM |
| Investment Technology Group, Inc. (ITG) Plans $0.07 Quarterly Dividend
www.americanbankingnews.com - November 16 at 4:28 PM |
| Investment Technology Group (ITG) vs. The Competition Head-To-Head Comparison
www.americanbankingnews.com - November 12 at 7:13 PM |
Investment Technology Group (NYSE:ITG) SEC Filings
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Investment Technology Group (NYSE:ITG) Income Statement, Balance Sheet and Cash Flow Statement
Investment Technology Group (NYSE ITG) Stock Chart for Wednesday, April, 25, 2018
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