Trexquant Investment LP Takes $275,000 Position in Investment Technology Group, Inc. (ITG)

Trexquant Investment LP acquired a new position in Investment Technology Group, Inc. (NYSE:ITG) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 12,413 shares of the financial services provider’s stock, valued at approximately $275,000.

A number of other hedge funds have also recently modified their holdings of ITG. Vanguard Group Inc. grew its position in shares of Investment Technology Group by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,888,402 shares of the financial services provider’s stock valued at $61,349,000 after buying an additional 56,123 shares during the last quarter. Frontier Capital Management Co. LLC grew its position in shares of Investment Technology Group by 2.2% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 2,006,544 shares of the financial services provider’s stock valued at $44,425,000 after buying an additional 42,561 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Investment Technology Group by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,569,775 shares of the financial services provider’s stock valued at $33,342,000 after buying an additional 36,514 shares during the last quarter. FMR LLC grew its position in shares of Investment Technology Group by 16.0% during the 2nd quarter. FMR LLC now owns 1,051,880 shares of the financial services provider’s stock valued at $22,342,000 after buying an additional 144,800 shares during the last quarter. Finally, State Street Corp grew its position in shares of Investment Technology Group by 2.4% during the 2nd quarter. State Street Corp now owns 808,501 shares of the financial services provider’s stock valued at $17,174,000 after buying an additional 19,319 shares during the last quarter. Hedge funds and other institutional investors own 86.63% of the company’s stock.

Investment Technology Group, Inc. (NYSE:ITG) traded down $0.10 during midday trading on Thursday, reaching $17.93. 203,300 shares of the company’s stock traded hands, compared to its average volume of 191,034. Investment Technology Group, Inc. has a 1 year low of $17.63 and a 1 year high of $23.96. The company has a current ratio of 1.53, a quick ratio of 1.52 and a debt-to-equity ratio of 0.01. The company has a market cap of $596.09, a PE ratio of 51.51 and a beta of 1.37.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 28th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Monday, November 27th. Investment Technology Group’s dividend payout ratio (DPR) is -29.47%.

A number of brokerages recently weighed in on ITG. Rosenblatt Securities began coverage on shares of Investment Technology Group in a research report on Tuesday, September 12th. They set 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 report on Tuesday, November 7th. Three analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. The company currently has a consensus rating of “Sell” and an average price target of $23.00.

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

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