Credit Suisse Group AG reissued their outperform rating on shares of Investment Technology Group Inc. (NYSE:ITG) in a research note issued to investors on Sunday. They currently have a $20.00 price target on the stock.

A number of other research firms have also recently weighed in on ITG. JPMorgan Chase & Co. dropped their price target on 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. TheStreet cut Investment Technology Group from a buy rating to a hold rating in a research note on Monday, August 8th. Finally, Zacks Investment Research cut Investment Technology Group from a hold rating to a sell rating in a research note on Thursday, October 27th.

Shares of Investment Technology Group (NYSE:ITG) opened at 19.43 on Friday. Investment Technology Group has a 52 week low of $14.95 and a 52 week high of $22.92. The firm has a market cap of $632.76 million, a P/E ratio of 12.76 and a beta of 1.33. The stock has a 50 day moving average of $16.38 and a 200 day moving average of $16.93.

Investment Technology Group (NYSE:ITG) last posted its quarterly earnings results on Wednesday, November 9th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.03. Investment Technology Group had a negative return on equity of 0.96% and a net margin of 8.84%. The business had revenue of $104.20 million for the quarter, compared to analysts’ expectations of $107.75 million. During the same quarter in the prior year, the business earned $0.12 EPS. The firm’s revenue for the quarter was down 13.5% on a year-over-year basis. Analysts anticipate that Investment Technology Group will post ($0.01) earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 13th. Shareholders of record on Tuesday, November 29th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, November 25th. Investment Technology Group’s payout ratio is 19.58%.

Several hedge funds have recently added to or reduced their stakes in ITG. Boston Advisors LLC raised its stake in Investment Technology Group by 0.5% in the second quarter. Boston Advisors LLC now owns 16,040 shares of the company’s stock valued at $268,000 after buying an additional 80 shares during the period. BlackRock Inc. raised its stake in Investment Technology Group by 1.3% in the third quarter. BlackRock Inc. now owns 7,561 shares of the company’s stock valued at $129,000 after buying an additional 96 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in Investment Technology Group by 1.1% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,520 shares of the company’s stock valued at $197,000 after buying an additional 120 shares during the period. BlackRock Advisors LLC raised its stake in Investment Technology Group by 1.3% in the third quarter. BlackRock Advisors LLC now owns 15,524 shares of the company’s stock valued at $266,000 after buying an additional 196 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in Investment Technology Group by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the company’s stock valued at $246,000 after buying an additional 200 shares during the period. 88.60% of the stock is currently owned by institutional investors.

Investment Technology Group Company Profile

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