Cramer Rosenthal Mcglynn LLC lowered its position in Investment Technology Group, Inc. (NYSE:ITG) by 5.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 782,570 shares of the financial services provider’s stock after selling 41,125 shares during the period. Cramer Rosenthal Mcglynn LLC owned 2.36% of Investment Technology Group worth $16,622,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Investment Technology Group by 2.0% in the second quarter. Vanguard Group Inc. now owns 2,888,402 shares of the financial services provider’s stock valued at $61,349,000 after purchasing an additional 56,123 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Investment Technology Group by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,569,775 shares of the financial services provider’s stock valued at $33,342,000 after purchasing an additional 36,514 shares in the last quarter. FMR LLC lifted its holdings in shares of Investment Technology Group by 16.0% in the second quarter. FMR LLC now owns 1,051,880 shares of the financial services provider’s stock valued at $22,342,000 after purchasing an additional 144,800 shares in the last quarter. State Street Corp lifted its holdings in shares of Investment Technology Group by 6.3% in the first quarter. State Street Corp now owns 789,182 shares of the financial services provider’s stock valued at $15,983,000 after purchasing an additional 46,530 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Investment Technology Group by 5.4% in the second quarter. Northern Trust Corp now owns 448,303 shares of the financial services provider’s stock valued at $9,523,000 after purchasing an additional 22,860 shares in the last quarter. Institutional investors and hedge funds own 87.64% of the company’s stock.

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A number of research analysts have recently weighed in on the company. TheStreet upgraded Investment Technology Group from a “c” rating to a “b-” rating in a report on Wednesday, August 2nd. Zacks Investment Research downgraded Investment Technology Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Rosenblatt Securities initiated coverage on Investment Technology Group in a research report on Tuesday, September 12th. They set a “neutral” rating and a $21.00 price target for the company. Finally, BidaskClub downgraded Investment Technology Group from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $22.00.

Shares of Investment Technology Group, Inc. (NYSE:ITG) traded up 0.49% during mid-day trading on Thursday, hitting $22.46. The company had a trading volume of 15,868 shares. Investment Technology Group, Inc. has a 52 week low of $15.04 and a 52 week high of $22.69. The firm has a 50-day moving average price of $20.59 and a 200-day moving average price of $20.65. The firm’s market capitalization is $743.99 million.

Investment Technology Group (NYSE:ITG) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04). The business had revenue of $121.60 million during the quarter, compared to the consensus estimate of $124.00 million. Investment Technology Group had a negative net margin of 1.77% and a positive return on equity of 3.08%. The business’s revenue was up .8% compared to the same quarter last year. During the same period last year, the company posted ($0.02) earnings per share. Equities analysts forecast that Investment Technology Group, Inc. will post $0.49 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, August 22nd were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, August 18th. This represents a $0.28 dividend on an annualized basis and a yield of 1.25%. Investment Technology Group’s dividend payout ratio is presently -107.69%.

About Investment Technology Group

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.

Institutional Ownership by Quarter for Investment Technology Group (NYSE:ITG)

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