Investment Technology Group Inc. (NYSE:ITG) has been given a $20.00 price objective by research analysts at Credit Suisse Group AG in a research note issued to investors on Monday. The brokerage presently has a a “buy” rating on the stock. Credit Suisse Group AG’s price target indicates a potential upside of 18.13% from the stock’s previous close.

ITG has been the topic of a number of other research reports. TheStreet cut shares of Investment Technology Group from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. JPMorgan Chase & Co. lowered their target price on shares of Investment Technology Group from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, July 29th.

Shares of Investment Technology Group (NYSE:ITG) traded down 1.95% during midday trading on Monday, hitting $16.60. 181,149 shares of the stock traded hands. The company’s 50 day moving average price is $16.13 and its 200-day moving average price is $17.72. The stock has a market cap of $546.26 million, a price-to-earnings ratio of 7.22 and a beta of 1.32. Investment Technology Group has a 12-month low of $13.70 and a 12-month high of $22.92.

Investment Technology Group (NYSE:ITG) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.01. Investment Technology Group had a net margin of 13.11% and a return on equity of 0.35%. The company earned $120.60 million during the quarter, compared to analyst estimates of $115.73 million. During the same period in the prior year, the business posted $0.32 EPS. Investment Technology Group’s revenue was down 14.2% compared to the same quarter last year. On average, equities research analysts expect that Investment Technology Group will post ($0.01) EPS for the current year.

Large investors have recently made changes to their positions in the company. Mason Street Advisors LLC bought a new position in Investment Technology Group during the second quarter valued at approximately $109,000. Rational Advisors LLC bought a new position in Investment Technology Group during the second quarter valued at approximately $112,000. BlackRock Inc. raised its position in Investment Technology Group by 361.9% in the second quarter. BlackRock Inc. now owns 7,465 shares of the company’s stock valued at $125,000 after buying an additional 5,849 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Investment Technology Group by 280.0% in the second quarter. BNP Paribas Arbitrage SA now owns 10,829 shares of the company’s stock valued at $181,000 after buying an additional 7,979 shares in the last quarter. Finally, Wedge Capital Management L L P NC bought a new position in Investment Technology Group during the second quarter valued at approximately $226,000. 90.26% of the stock is currently owned by institutional investors.

About Investment Technology Group

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