Investment Technology Group Inc. (ITG) To Go Ex-Dividend on November 25th
Investment Technology Group Inc. (NYSE:ITG) announced a quarterly dividend on Thursday, November 17th. Investors of record on Tuesday, November 29th will be given a dividend of 0.07 per share on Tuesday, December 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, November 25th.
Shares of Investment Technology Group (NYSE:ITG) opened at 19.43 on Friday. The company’s 50 day moving average is $16.38 and its 200-day moving average is $16.93. Investment Technology Group has a 1-year low of $14.95 and a 1-year high of $22.92. The company has a market capitalization of $632.76 million, a P/E ratio of 12.76 and a beta of 1.33.
Investment Technology Group (NYSE:ITG) last released its quarterly earnings results on Wednesday, November 9th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.03. Investment Technology Group had a net margin of 8.84% and a negative return on equity of 0.96%. The business had revenue of $104.20 million for the quarter, compared to analyst estimates of $107.75 million. During the same period last year, the firm earned $0.12 earnings per share. Investment Technology Group’s revenue for the quarter was down 13.5% compared to the same quarter last year. On average, equities research analysts forecast that Investment Technology Group will post ($0.01) EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Rational Advisors LLC purchased a new position in Investment Technology Group during the second quarter valued at approximately $112,000. BlackRock Inc. increased its stake in Investment Technology Group by 361.9% in the second quarter. BlackRock Inc. now owns 7,465 shares of the company’s stock worth $125,000 after buying an additional 5,849 shares during the last quarter. BlackRock Advisors LLC increased its stake in Investment Technology Group by 9.2% in the second quarter. BlackRock Advisors LLC now owns 15,328 shares of the company’s stock worth $256,000 after buying an additional 1,288 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Investment Technology Group by 7.6% in the second quarter. Thrivent Financial for Lutherans now owns 16,080 shares of the company’s stock worth $269,000 after buying an additional 1,140 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in Investment Technology Group by 3.0% in the second quarter. Arizona State Retirement System now owns 17,276 shares of the company’s stock worth $289,000 after buying an additional 500 shares during the last quarter. 88.60% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on ITG shares. Credit Suisse Group AG reaffirmed a “buy” rating and set a $20.00 price target on shares of Investment Technology Group in a research report on Monday, August 8th. JPMorgan Chase & Co. decreased 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 report on Friday, July 29th. TheStreet lowered shares of Investment Technology Group from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Finally, Zacks Investment Research lowered shares of Investment Technology Group from a “hold” rating to a “sell” rating in a report on Thursday, October 27th.
Investment Technology Group Company Profile
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