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

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$30.06 -0.01 (-0.03 %)
(As of 12/13/2018 11:07 AM ET)
Previous Close$30.07
Today's Range$30.05 - $30.08
52-Week Range$18.67 - $30.25
Volume40,320 shs
Average Volume764,104 shs
Market Capitalization$992.88 million
P/E Ratio100.23
Dividend Yield0.93%
Beta1.06
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

Stock Exchange NYSE
Industry Security brokers & dealers
Sub-IndustryInvestment Banking & Brokerage
SectorFinance
Current SymbolNYSE:ITG
Previous Symbol
CUSIP46145F10
Phone212-588-4000

Debt

Debt-to-Equity Ratio0.01
Current Ratio1.38
Quick Ratio1.37

Price-To-Earnings

Trailing P/E Ratio100.23
Forward P/E Ratio29.76
P/E GrowthN/A

Sales & Book Value

Annual Sales$483.69 million
Price / Sales2.05
Cash Flow$1.6775 per share
Price / Cash Flow17.92
Book Value$10.99 per share
Price / Book2.74

Profitability

EPS (Most Recent Fiscal Year)$0.30
Net Income$-39,440,000.00
Net Margins-0.17%
Return on Equity7.85%
Return on Assets3.32%

Miscellaneous

Employees934
Outstanding Shares33,030,000
Market Cap$992.88 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 declared a quarterly dividend on Thursday, November 15th. Investors 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 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend 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 of Directors has approved a share repurchase program on Friday, February 16th 2018, which permits the company to buyback 4,000,000 shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's board believes its shares are undervalued.

How were Investment Technology Group's earnings last quarter?

Investment Technology Group (NYSE:ITG) announced its earnings results on Wednesday, November, 7th. The financial services provider reported $0.16 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.14 by $0.02. The financial services provider had revenue of $120.77 million for the quarter, compared to analysts' expectations of $119.97 million. Investment Technology Group had a negative net margin of 0.17% and a positive return on equity of 7.85%. 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 brokerages have issued 1 year price objectives for Investment Technology Group's stock. Their predictions range from $25.00 to $25.00. On average, they expect Investment Technology Group's share price to reach $25.00 in the next year. This suggests that the stock has a possible downside of 16.8%. 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?

News coverage about ITG stock has been trending somewhat positive this week, according to InfoTrie. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Investment Technology Group earned a daily sentiment score of 2.0 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the next several days.

Are investors shorting Investment Technology Group?

Investment Technology Group saw a increase in short interest during the month of November. As of November 30th, there was short interest totalling 756,175 shares, an increase of 44.4% from the November 15th total of 523,702 shares. Based on an average trading volume of 861,544 shares, the days-to-cover ratio is currently 0.9 days. Currently, 2.4% of the company's shares are short sold. 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 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?

Investment Technology Group's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.51%), Vanguard Group Inc. (9.52%), Bank of New York Mellon Corp (5.52%), Fuller & Thaler Asset Management Inc. (5.39%), Dimensional Fund Advisors LP (4.74%) and FMR LLC (4.74%). 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 Putnam Investments LLC, Philadelphia Financial Management of San Francisco LLC, Morgan Stanley, Fuller & Thaler Asset Management Inc., Acadian Asset Management LLC, Credit Suisse AG, Russell Investments Group Ltd. and GSA Capital Partners LLP. View Insider Buying and Selling for Investment Technology Group.

Which institutional investors are buying Investment Technology Group stock?

ITG stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, American Century Companies Inc., Assenagon Asset Management S.A., JPMorgan Chase & Co., JPMorgan Chase & Co., Panagora Asset Management Inc., Renaissance Technologies LLC and Vanguard Group Inc.. 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 $30.06.

How big of a company is Investment Technology Group?

Investment Technology Group has a market capitalization of $992.88 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:  201 (Vote Outperform)
Underperform Votes:  228 (Vote Underperform)
Total Votes:  429
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 12/13/2018 by MarketBeat.com Staff

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