Enlightenment Research LLC acquired a new stake in Investment Technology Group (NYSE:ITG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,000 shares of the financial services provider’s stock, valued at approximately $30,000.
A number of other institutional investors have also recently made changes to their positions in ITG. Raymond James & Associates bought a new stake in Investment Technology Group in the second quarter worth $228,000. First Quadrant L P CA lifted its position in Investment Technology Group by 692.7% in the third quarter. First Quadrant L P CA now owns 44,882 shares of the financial services provider’s stock worth $972,000 after buying an additional 39,220 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Investment Technology Group in the third quarter worth $3,985,000. Wells Fargo & Company MN lifted its position in Investment Technology Group by 4.5% in the third quarter. Wells Fargo & Company MN now owns 51,633 shares of the financial services provider’s stock worth $1,119,000 after buying an additional 2,217 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Investment Technology Group by 580.0% in the third quarter. American Century Companies Inc. now owns 283,086 shares of the financial services provider’s stock worth $6,132,000 after buying an additional 241,453 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.
Shares of ITG opened at $30.32 on Wednesday. The firm has a market capitalization of $1.00 billion, a P/E ratio of 36.48 and a beta of 0.69. Investment Technology Group has a 52-week low of $19.10 and a 52-week high of $30.33. The company has a quick ratio of 1.37, a current ratio of 1.38 and a debt-to-equity ratio of 0.01.
In related news, Director Timothy Jones sold 1,653 shares of the firm’s stock in a transaction on Friday, December 21st. The stock was sold at an average price of $30.01, for a total value of $49,606.53. Following the completion of the sale, the director now directly owns 66,962 shares in the company, valued at $2,009,529.62. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Francis J. Troise sold 65,611 shares of the stock in a transaction on Tuesday, December 18th. The stock was sold at an average price of $30.02, for a total value of $1,969,642.22. Following the completion of the sale, the chief executive officer now owns 237,398 shares in the company, valued at approximately $7,126,687.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,324 shares of company stock valued at $2,171,251. 3.00% of the stock is owned by corporate insiders.
A number of brokerages recently issued reports on ITG. ValuEngine upgraded Investment Technology Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 21st. Zacks Investment Research upgraded Investment Technology Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 19th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $25.00.
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About Investment Technology Group
Investment Technology Group, Inc operates as a financial technology company in the United States, Canada, Europe, and the Asia Pacific. The company offers various solutions for asset managers and broker-dealers in the areas of execution services, workflow technology, and analytics that provide trade execution services and solutions for portfolio management, as well as pre-trade analytics, and post-trade analytics and processing.
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