Public Employees Retirement Association of Colorado lowered its stake in shares of Investment Technology Group, Inc. (NYSE:ITG) by 1.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,773 shares of the financial services provider’s stock after selling 204 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Investment Technology Group were worth $238,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tudor Investment Corp Et Al bought a new position in Investment Technology Group during the fourth quarter valued at $209,000. Louisiana State Employees Retirement System boosted its position in Investment Technology Group by 4.0% in the first quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the financial services provider’s stock valued at $261,000 after buying an additional 500 shares during the last quarter. Ellington Management Group LLC bought a new position in Investment Technology Group during the fourth quarter valued at $288,000. Thrivent Financial for Lutherans boosted its position in Investment Technology Group by 4.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 16,690 shares of the financial services provider’s stock valued at $329,000 after buying an additional 780 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in Investment Technology Group during the fourth quarter valued at $348,000. 87.42% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Investment Technology Group (NYSE:ITG)

Shares of Investment Technology Group, Inc. (NYSE ITG) opened at 21.65 on Friday. The firm’s 50-day moving average is $20.48 and its 200-day moving average is $20.17. The stock’s market capitalization is $717.61 million. Investment Technology Group, Inc. has a one year low of $15.04 and a one year high of $22.42.

Investment Technology Group (NYSE:ITG) last announced its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $0.16 EPS for the quarter, beating the consensus estimate of $0.08 by $0.08. Investment Technology Group had a negative net margin of 3.89% and a positive return on equity of 1.73%. The business had revenue of $120.80 million during the quarter, compared to analysts’ expectations of $120.10 million. During the same period in the previous year, the business posted $0.05 EPS. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, analysts expect that Investment Technology Group, Inc. will post $0.71 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Tuesday, May 30th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Thursday, May 25th. Investment Technology Group’s dividend payout ratio (DPR) is -50.00%.

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Several research firms have recently weighed in on ITG. ValuEngine raised shares of Investment Technology Group from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of Investment Technology Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 26th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Investment Technology Group currently has a consensus rating of “Hold” and a consensus price target of $20.00.

Investment Technology Group Company Profile

Investment Technology Group, Inc (ITG) is a financial technology company that helps brokers and asset managers improve returns for investors around the world. The Company operates through four segments: U.S. Operations, Canadian Operations, European Operations and Asia Pacific Operations. These four segments provide categories of products and services, such as Execution Services, Workflow Technology and Analytics.

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