NYSE:ITG - Investment Technology Group Stock Price, Price Target & More

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$21.80 +0.09 (+0.41 %)
(As of 06/20/2018 04:00 PM ET)
Previous Close$21.80
Today's Range$21.70 - $21.98
52-Week Range$17.63 - $23.96
Volume84,560 shs
Average Volume208,437 shs
Market Capitalization$721.42 million
P/E Ratio72.67
Dividend Yield1.28%
Beta1.38
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

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

Debt

Debt-to-Equity Ratio0.01
Current Ratio1.46
Quick Ratio1.45

Price-To-Earnings

Trailing P/E Ratio72.67
Forward P/E Ratio16.52
P/E GrowthN/A

Sales & Book Value

Annual Sales$483.69 million
Price / Sales1.49
Cash Flow$1.6743 per share
Price / Cash13.02
Book Value$10.99 per share
Price / Book1.98

Profitability

EPS (Most Recent Fiscal Year)$0.30
Net Income$-39,440,000.00
Net Margins-8.17%
Return on Equity3.88%
Return on Assets1.76%

Miscellaneous

Employees934
Outstanding Shares33,020,000

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, May 17th. Investors of record on Wednesday, May 30th will be paid a dividend of $0.07 per share on Friday, June 15th. This represents a $0.28 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Tuesday, May 29th. 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 stock repurchase program on Friday, February 16th 2018, which allows the company to buyback 4,000,000 shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually 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) announced its earnings results on Wednesday, May, 2nd. The financial services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.15 by $0.13. The financial services provider earned $131.48 million during the quarter, compared to analyst estimates of $130.17 million. Investment Technology Group had a negative net margin of 8.17% and a positive return on equity of 3.88%. Investment Technology Group's quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 earnings per share. 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, July, 31st 2018. View Earnings Estimates for Investment Technology Group.

What price target have analysts set for ITG?

2 brokers have issued twelve-month target prices for Investment Technology Group's shares. Their forecasts range from $21.00 to $21.00. On average, they expect Investment Technology Group's stock price to reach $21.00 in the next twelve months. 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 stories about ITG stock have trended somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Investment Technology Group earned a media sentiment score of 0.24 on Accern's scale. They also gave news articles about the financial services provider an impact score of 44.67 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.

Who are Investment Technology Group's major shareholders?

Investment Technology Group's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.59%), Dimensional Fund Advisors LP (4.74%), Thrivent Financial for Lutherans (3.66%), Skyline Asset Management LP (2.93%), Principal Financial Group Inc. (0.77%) and Principal Financial Group Inc. (0.77%). 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 JPMorgan Chase & Co., Russell Investments Group Ltd., Citadel Advisors LLC, GSA Capital Partners LLP, Millennium Management LLC, American Century Companies Inc., Wells Fargo & Company MN and BNP Paribas Arbitrage SA. View Insider Buying and Selling for Investment Technology Group.

Which major investors are buying Investment Technology Group stock?

ITG stock was bought by a variety of institutional investors in the last quarter, including Thrivent Financial for Lutherans, Skyline Asset Management LP, BlackRock Inc., Stifel Financial Corp, UBS Group AG, Barclays PLC, Westpac Banking Corp and Highbridge Capital Management 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 $21.80.

How big of a company is Investment Technology Group?

Investment Technology Group has a market capitalization of $721.42 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 (ITG)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  167 (Vote Outperform)
Underperform Votes:  190 (Vote Underperform)
Total Votes:  357
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 6/20/2018 by MarketBeat.com Staff

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