NYSE:ITG - Investment Technology Group Stock Price, News, Headlines & Rumors

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$22.17 +0.07 (+0.32 %)
(As of 08/16/2018 06:14 AM ET)
Previous Close$22.10
Today's Range$21.95 - $22.22
52-Week Range$17.63 - $23.96
Volume133,682 shs
Average Volume202,702 shs
Market Capitalization$761.06 million
P/E Ratio73.90
Dividend Yield1.26%
Beta1.45
Investment Technology Group logoInvestment 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.

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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 Ratio73.90
Forward P/E Ratio19.45
P/E GrowthN/A

Sales & Book Value

Annual Sales$483.69 million
Price / Sales1.51
Cash Flow$1.6124 per share
Price / Cash13.75
Book Value$10.99 per share
Price / Book2.02

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$761.06 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. Investors 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 dividend on an annualized basis and a yield of 1.26%. 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 of Directors has approved a stock repurchase program on Friday, February 16th 2018, which authorizes the company to repurchase 4,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

How were Investment Technology Group's earnings last quarter?

Investment Technology Group (NYSE:ITG) issued its quarterly earnings results on Wednesday, August, 8th. The financial services provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. The financial services provider had revenue of $128.50 million for the quarter, compared to analyst estimates of $126.40 million. Investment Technology Group had a positive return on equity of 5.29% and a negative net margin of 9.58%. The firm's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 EPS. View Investment Technology Group's Earnings History.

When is Investment Technology Group's next earnings date?

Investment Technology Group is scheduled to release their next quarterly earnings announcement on Wednesday, November, 7th 2018. View Earnings Estimates for Investment Technology Group.

What price target have analysts set for ITG?

3 brokers have issued 12 month price targets for Investment Technology Group's stock. Their predictions range from $21.00 to $25.00. On average, they expect Investment Technology Group's share price to reach $23.00 in the next twelve months. This suggests a possible upside of 3.7% from the stock's current price. 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?

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)

Has Investment Technology Group been receiving favorable news coverage?

News articles about ITG stock have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Investment Technology Group earned a media and rumor sentiment score of 0.11 on Accern's scale. They also assigned press coverage about the financial services provider an impact score of 46.50 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term. View Recent Headlines for Investment Technology Group.

Who are Investment Technology Group's major shareholders?

Investment Technology Group's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.48%), Fuller & Thaler Asset Management Inc. (5.51%), Bank of New York Mellon Corp (5.48%), Dimensional Fund Advisors LP (4.73%), FMR LLC (3.32%) and Renaissance Technologies LLC (1.43%). View Institutional Ownership Trends for Investment Technology Group.

Which institutional investors are selling Investment Technology Group stock?

ITG stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Putnam Investments LLC, Fuller & Thaler Asset Management Inc., Russell Investments Group Ltd., BlueMountain Capital Management LLC, California Public Employees Retirement System, Bank of America Corp DE and Bank of New York Mellon Corp. View Insider Buying and Selling for Investment Technology Group.

Which institutional investors are buying Investment Technology Group stock?

ITG stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Millennium Management LLC, KBC Group NV, Point72 Asset Management L.P., Renaissance Technologies LLC, Stevens Capital Management LP, Dynamic Technology Lab Private Ltd and Engineers Gate Manager LP. View Insider Buying and Selling for Investment Technology Group.

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 $22.17.

How big of a company is Investment Technology Group?

Investment Technology Group has a market capitalization of $761.06 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 (NYSE ITG)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  188 (Vote Outperform)
Underperform Votes:  206 (Vote Underperform)
Total Votes:  394
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.
This page was last updated on 8/16/2018 by MarketBeat.com Staff

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