Investment Technology Group (ITG) Earning Somewhat Positive Press Coverage, Accern Reports

Media coverage about Investment Technology Group (NYSE:ITG) has trended somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Investment Technology Group earned a news impact score of 0.10 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 45.7270675213753 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Shares of Investment Technology Group (NYSE ITG) opened at $18.98 on Thursday. The company has a quick ratio of 1.52, a current ratio of 1.53 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $628.73, a PE ratio of -19.98 and a beta of 1.37. Investment Technology Group has a 12-month low of $17.63 and a 12-month high of $23.96.

Investment Technology Group (NYSE:ITG) last released its earnings results on Wednesday, November 1st. The financial services provider reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). The company had revenue of $114.50 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.08) EPS. research analysts expect that Investment Technology Group will post 0.23 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Tuesday, November 28th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Monday, November 27th. Investment Technology Group’s dividend payout ratio is currently -29.47%.

A number of research firms recently issued reports on ITG. Rosenblatt Securities began coverage on Investment Technology Group in a research report on Tuesday, September 12th. They issued a “neutral” rating and a $21.00 target price on the stock. ValuEngine downgraded 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 given a hold rating to the company. Investment Technology Group presently has a consensus rating of “Sell” and an average price target of $23.00.

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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.

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