Investment Technology Group, Inc. (ITG) Stake Increased by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its position in shares of Investment Technology Group, Inc. (NYSE:ITG) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 249,814 shares of the financial services provider’s stock after acquiring an additional 10,300 shares during the period. Principal Financial Group Inc. owned approximately 0.75% of Investment Technology Group worth $5,531,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its stake in Investment Technology Group by 16.0% in the 2nd quarter. FMR LLC now owns 1,051,880 shares of the financial services provider’s stock valued at $22,342,000 after purchasing an additional 144,800 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Investment Technology Group in the 3rd quarter valued at approximately $2,537,000. Shell Asset Management Co. lifted its stake in Investment Technology Group by 200.9% in the 3rd quarter. Shell Asset Management Co. now owns 131,909 shares of the financial services provider’s stock valued at $2,079,000 after purchasing an additional 88,076 shares during the last quarter. Penn Capital Management Co. Inc. bought a new position in Investment Technology Group in the 2nd quarter valued at approximately $1,771,000. Finally, American Century Companies Inc. bought a new position in Investment Technology Group in the 3rd quarter valued at approximately $1,636,000. 86.63% of the stock is owned by institutional investors.

Several brokerages recently commented on ITG. Rosenblatt Securities began coverage on shares of Investment Technology Group in a research note on Tuesday, September 12th. They issued a “neutral” rating and a $21.00 price objective for the company. ValuEngine downgraded shares of Investment Technology Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Three analysts have rated the stock with a sell rating and one has given a hold rating to the stock. The company has a consensus rating of “Sell” and an average price target of $23.00.

Investment Technology Group, Inc. (NYSE ITG) opened at $18.35 on Friday. The stock has a market cap of $606.67, a price-to-earnings ratio of 52.43 and a beta of 1.37. Investment Technology Group, Inc. has a 52 week low of $17.63 and a 52 week high of $23.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.52 and a current ratio of 1.53.

Investment Technology Group (NYSE:ITG) last released its quarterly earnings results on Wednesday, November 1st. The financial services provider reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.14). The business had revenue of $114.50 million for the quarter, compared to the consensus estimate of $112.50 million. Investment Technology Group had a negative net margin of 6.57% and a positive return on equity of 2.92%. Investment Technology Group’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.08) EPS. sell-side analysts forecast that Investment Technology Group, Inc. will post 0.23 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, November 28th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Monday, November 27th. Investment Technology Group’s payout ratio is currently -29.47%.

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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.

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

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