Investment Technology Group, Inc. (NYSE:ITG) has been assigned a consensus rating of “Hold” from the six analysts that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $18.50.

Several analysts have recently weighed in on ITG shares. Zacks Investment Research lowered shares of Investment Technology Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. ValuEngine upgraded shares of Investment Technology Group from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub upgraded shares of Investment Technology Group from a “sell” rating to a “hold” rating in a research note on Monday.

Several institutional investors have recently modified their holdings of ITG. Guggenheim Capital LLC bought a new position in shares of Investment Technology Group during the fourth quarter worth $1,333,000. State Street Corp increased its position in shares of Investment Technology Group by 2.9% in the fourth quarter. State Street Corp now owns 742,652 shares of the financial services provider’s stock worth $14,665,000 after buying an additional 21,276 shares during the period. Comerica Bank increased its position in shares of Investment Technology Group by 5.0% in the fourth quarter. Comerica Bank now owns 33,200 shares of the financial services provider’s stock worth $689,000 after buying an additional 1,587 shares during the period. Tudor Investment Corp Et Al bought a new position in shares of Investment Technology Group during the fourth quarter worth $209,000. Finally, Norges Bank bought a new position in shares of Investment Technology Group during the fourth quarter worth $11,625,000. 87.20% of the stock is currently owned by institutional investors.

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Shares of Investment Technology Group (NYSE ITG) traded down 0.63% during midday trading on Monday, reaching $22.13. 86,664 shares of the company’s stock traded hands. Investment Technology Group has a 52-week low of $15.04 and a 52-week high of $22.42. The stock has a 50-day moving average price of $21.31 and a 200-day moving average price of $20.44. The stock’s market cap is $733.52 million.

Investment Technology Group (NYSE:ITG) last released its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.08. The company had revenue of $120.80 million during the quarter, compared to analyst estimates of $120.10 million. Investment Technology Group had a negative net margin of 3.89% and a positive return on equity of 1.73%. Investment Technology Group’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.05 EPS. Analysts forecast that Investment Technology Group will post $0.73 earnings per share for the current year.

About Investment Technology Group

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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