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Investment Technology Group (NYSE:ITG) CEO Robert C. Gasser unloaded 15,000 shares of Investment Technology Group stock on the open market in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $17.48, for a total transaction of $262,200.00. Following the completion of the sale, the chief executive officer now directly owns 286,560 shares of the company’s stock, valued at approximately $5,009,069. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Investment Technology Group (NYSE:ITG) traded down 0.34% on Thursday, hitting $17.46. 345,063 shares of the company’s stock traded hands. Investment Technology Group has a 52-week low of $14.66 and a 52-week high of $20.87. The stock’s 50-day moving average is $17.79 and its 200-day moving average is $18.25. The company has a market cap of $615.4 million and a price-to-earnings ratio of 14.89.

Investment Technology Group (NYSE:ITG) last announced its earnings results on Thursday, July 31st. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.06. The company had revenue of $138.50 million for the quarter, compared to the consensus estimate of $131.40 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. Analysts expect that Investment Technology Group will post $1.25 EPS for the current fiscal year.

A number of research firms have recently commented on ITG. Analysts at Keefe, Bruyette & Woods upgraded shares of Investment Technology Group from a “market perform” rating to an “outperform” rating in a research note on Friday, July 11th. They now have a $22.00 price target on the stock, up previously from $21.00. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Investment Technology Group from an “overweight” rating to a “neutral” rating in a research note on Tuesday, June 24th. They now have a $19.00 price target on the stock, down previously from $23.00. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Investment Technology Group in a research note on Tuesday, June 10th. They now have a $23.00 price target on the stock, down previously from $24.00.

Investment Technology Group, Inc (NYSE:ITG) is an independent execution and research broker that partners with global portfolio managers and traders to provide data-driven insights throughout the investment process.

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