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
Stock Exchange NYSE
Industry Security brokers & dealers
Sub-IndustryInvestment Banking & Brokerage
SectorFinance
SymbolNYSE:ITG
CUSIP46145F10
Phone212-588-4000
Debt
Debt-to-Equity Ratio0.01
Current Ratio1.34
Quick Ratio1.34
Price-To-Earnings
Trailing P/E Ratio91.72
Forward P/E Ratio27.24
P/E GrowthN/A
Sales & Book Value
Annual Sales$483.69 million
Price / Sales1.88
Cash Flow$1.6645 per share
Price / Cash16.53
Book Value$10.99 per share
Price / Book2.50
Profitability
EPS (Most Recent Fiscal Year)$0.30
Net Income$-39,440,000.00
Net Margins-9.58%
Return on Equity5.29%
Return on Assets2.33%
Miscellaneous
Employees934
Outstanding Shares32,990,000
Market Cap$914.79 million
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 Friday, August 3rd. Stockholders of record on Tuesday, August 21st will be given a dividend of $0.07 per share on Monday, September 17th. This represents a $0.28 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Monday, August 20th. View Investment Technology Group's Dividend History.
How will Investment Technology Group's stock buyback program work?
Investment Technology Group announced that its board has approved a share buyback program on Friday, February 16th 2018, which permits the company to buyback 4,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs 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) posted its quarterly earnings data on Wednesday, August, 8th. The financial services provider reported $0.27 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.26 by $0.01. The financial services provider earned $128.50 million during the quarter, compared to the consensus estimate of $126.40 million. Investment Technology Group had a negative net margin of 9.58% and a positive return on equity of 5.29%. The business's revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 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?
3 Wall Street analysts have issued 1-year price targets for Investment Technology Group's shares. Their forecasts range from $25.00 to $25.00. On average, they anticipate Investment Technology Group's stock price to reach $25.00 in the next year. This suggests that the stock has a possible downside of 9.1%. View Analyst Price Targets for Investment Technology Group.
What is the consensus analysts' recommendation for Investment Technology Group?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Investment Technology Group in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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 Stifel Financial (SF), Navient (NAVI), Waddell & Reed Financial (WDR), Wisdom Tree Investments (WETF), Piper Jaffray Companies (PJC), Associated Capital Group (AC), Greenhill & Co., Inc. (GHL), Gamco Investors (GBL), Cowen (COWN), Oppenheimer (OPY), Siebert Financial (SIEB), JMP Group (JMP), China Finance Online (JRJC), Gleacher & Company Inc (GLCH) and Global Arena (GAHC).
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 European Operations (Age 50)
- Mr. Etienne Phaneuf, MD & CEO of Canada Operations (Age 44)
- Mr. Brian Pomraning, MD & Global Head of Product Management (Age 43)
Who are Investment Technology Group's major shareholders?
Which institutional investors are buying Investment Technology Group stock?
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 $27.5150.
How big of a company is Investment Technology Group?
Investment Technology Group has a market capitalization of $914.79 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.
What is Investment Technology Group's official website?
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 (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 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.
