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

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$30.23 0.00 (0.00 %)
(As of 02/28/2019)
Previous Close$30.23
Today's Range$30.20 - $30.27
52-Week Range$19.10 - $30.34
Volume320,535 shs
Average Volume300,237 shs
Market Capitalization$999.71 million
P/E Ratio36.52
Dividend Yield0.92%
Beta0.69
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

Price-To-Earnings

Sales & Book Value

Annual Sales$483.69 million
Cash Flow$1.6729 per share
Book Value$10.99 per share

Profitability

Net Income$-39,440,000.00

Miscellaneous

EmployeesN/A
Market Cap$999.71 million
Next Earnings DateN/A
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 Friday, February 15th. Investors of record on Wednesday, February 27th will be given a dividend of $0.07 per share on Friday, March 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Tuesday, February 26th. View Investment Technology Group's Dividend History.

How will Investment Technology Group's stock buyback program work?

Investment Technology Group declared that its Board of Directors has initiated a share buyback program on Friday, February 16th 2018, which allows the company to repurchase 4,000,000 shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

How were Investment Technology Group's earnings last quarter?

Investment Technology Group (NYSE:ITG) released its quarterly earnings data on Wednesday, August, 8th. The financial services provider reported $0.27 earnings per share for the quarter, beating the Zacks' 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 7.85% and a negative net margin of 0.17%. Investment Technology Group's revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 EPS. View Investment Technology Group's Earnings History.

What price target have analysts set for ITG?

1 brokers have issued twelve-month target prices for Investment Technology Group's shares. 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 twelve months. This suggests that the stock has a possible downside of 17.3%. View Analyst Price Targets for Investment Technology Group.

What is the consensus analysts' recommendation for Investment Technology Group?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Investment Technology Group in the last year. There are currently 1 buy rating 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 headlines about ITG stock have been trending somewhat negative recently, InfoTrie reports. The research group rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Investment Technology Group earned a news sentiment score of -1.4 on InfoTrie's scale. They also gave news 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 impact on the company's share price in the next few days.

Who are some of Investment Technology Group's key competitors?

What other stocks do shareholders of Investment Technology Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Investment Technology Group investors own include Netflix (NFLX), Alibaba Group (BABA), Oasis Petroleum (OAS), Tesla (TSLA), Advanced Micro Devices (AMD), L3 Technologies (LLL), IBM (IBM), Brunswick (BC), JPMorgan Chase & Co. (JPM) and Cypress Semiconductor (CY).

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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.65%), Dimensional Fund Advisors LP (4.70%), Philadelphia Financial Management of San Francisco LLC (3.08%), Thrivent Financial for Lutherans (2.99%), Gardner Lewis Asset Management L P (2.59%) and Norges Bank (2.03%). Company insiders that own Investment Technology Group stock include Francis J Troise and Timothy Jones. 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 Bank of New York Mellon Corp, FMR LLC, Thrivent Financial for Lutherans, Philadelphia Financial Management of San Francisco LLC, D. E. Shaw & Co. Inc., Assenagon Asset Management S.A., Prudential Financial Inc. and KBC Group NV. 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.

Which institutional investors are buying Investment Technology Group stock?

ITG stock was bought by a variety of institutional investors in the last quarter, including Gardner Lewis Asset Management L P, Norges Bank, ARP Americas LP, Gabelli Funds LLC, Water Island Capital LLC, IndexIQ Advisors LLC, Kassirer Asset Management Corp and Kellner Capital LLC. 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 $30.23.

How big of a company is Investment Technology Group?

Investment Technology Group has a market capitalization of $999.71 million and generates $483.69 million in revenue each year.

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:  205 (Vote Outperform)
Underperform Votes:  234 (Vote Underperform)
Total Votes:  439
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 3/21/2019 by MarketBeat.com Staff

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