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

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$30.12 +0.06 (+0.20 %)
(As of 01/15/2019 04:00 PM ET)
Previous Close$30.06
Today's Range$30.09 - $30.15
52-Week Range$19.01 - $30.28
Volume882,779 shs
Average Volume571,798 shs
Market Capitalization$994.87 million
P/E Ratio100.40
Dividend Yield0.93%
Beta0.9
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.

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Industry, Sector and Symbol

Industry Security brokers & dealers
Sub-IndustryInvestment Banking & Brokerage
SectorFinance
CUSIP46145F10
Phone212-588-4000

Debt

Current Ratio1.38
Quick Ratio1.37

Price-To-Earnings

Sales & Book Value

Annual Sales$483.69 million
Price / Sales2.06
Cash Flow$1.6780 per share
Price / Cash Flow17.95
Book Value$10.99 per share
Price / Book2.74

Profitability

Net Income$-39,440,000.00
Net Margins-0.17%
Return on Assets3.32%

Miscellaneous

Employees934
Market Cap$994.87 million
OptionableOptionable

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, November 15th. Stockholders of record on Tuesday, November 27th will be given a dividend of $0.07 per share on Monday, December 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Monday, November 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 has approved a share buyback plan 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. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

How were Investment Technology Group's earnings last quarter?

Investment Technology Group (NYSE:ITG) issued its quarterly earnings results on Wednesday, November, 7th. The financial services provider reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The financial services provider earned $120.77 million during the quarter, compared to the consensus estimate of $119.97 million. Investment Technology Group had a positive return on equity of 7.85% and a negative net margin of 0.17%. 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 Tuesday, January 29th 2019. View Earnings Estimates for Investment Technology Group.

What price target have analysts set for ITG?

3 brokers have issued 1 year price objectives for Investment Technology Group's shares. Their predictions range from $25.00 to $25.00. On average, they anticipate Investment Technology Group's share price to reach $25.00 in the next year. This suggests that the stock has a possible downside of 17.0%. 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.

Has Investment Technology Group been receiving favorable news coverage?

Media stories about ITG stock have been trending somewhat positive this week, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Investment Technology Group earned a coverage optimism score of 1.9 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the next few days.

Are investors shorting Investment Technology Group?

Investment Technology Group saw a increase in short interest during the month of December. As of December 14th, there was short interest totalling 1,097,214 shares, an increase of 45.1% from the November 30th total of 756,175 shares. Based on an average daily trading volume, of 631,111 shares, the short-interest ratio is currently 1.7 days. Approximately 3.5% of the company's stock are sold short. View Investment Technology Group's Current Options Chain.

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 53)
  • Mr. Steven Richard Vigliotti, MD, CFO & Chief Admin. Officer (Age 51)
  • Mr. Robert J. Boardman, MD & CEO of European Operations (Age 51)
  • Mr. Etienne Phaneuf, MD & CEO of Canada Operations (Age 45)
  • Mr. Brian Pomraning, MD & Global Head of Product Management (Age 44)

Who are Investment Technology Group's major shareholders?

Investment Technology Group's stock is owned by a number of of institutional and retail investors. Top institutional investors include Louisiana State Employees Retirement System (0.04%). Company insiders that own Investment Technology Group stock include Francis J Troise and Timothy Jones. View Institutional Ownership Trends for Investment Technology Group.

Which major investors are selling Investment Technology Group stock?

ITG stock was sold by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System. Company insiders that have sold Investment Technology Group company stock in the last year include Francis J Troise and Timothy Jones. 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 $30.12.

How big of a company is Investment Technology Group?

Investment Technology Group has a market capitalization of $994.87 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?

The official website for Investment Technology Group is http://www.itg.com.

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:  2.3 out of 5 (star star)
Outperform Votes:  202 (Vote Outperform)
Underperform Votes:  230 (Vote Underperform)
Total Votes:  432
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 1/15/2019 by MarketBeat.com Staff

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