Citadel Advisors LLC grew its position in Investment Technology Group, Inc. (NYSE:ITG) by 20.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,215 shares of the financial services provider’s stock after buying an additional 7,773 shares during the quarter. Citadel Advisors LLC owned 0.14% of Investment Technology Group worth $981,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position 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 buying an additional 56,123 shares in the last quarter. FMR LLC boosted its stake in shares of Investment Technology Group by 16.0% during the second quarter. FMR LLC now owns 1,051,880 shares of the financial services provider’s stock valued at $22,342,000 after acquiring an additional 144,800 shares during the last quarter. State Street Corp boosted its stake in shares of Investment Technology Group by 6.3% during the first quarter. State Street Corp now owns 789,182 shares of the financial services provider’s stock valued at $15,983,000 after acquiring an additional 46,530 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Investment Technology Group by 5.4% during the second quarter. Northern Trust Corp now owns 448,303 shares of the financial services provider’s stock valued at $9,523,000 after acquiring an additional 22,860 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Investment Technology Group by 2.7% during the first quarter. Geode Capital Management LLC now owns 242,401 shares of the financial services provider’s stock valued at $4,908,000 after acquiring an additional 6,437 shares during the last quarter. Institutional investors and hedge funds own 87.64% of the company’s stock.

Shares of Investment Technology Group, Inc. (ITG) opened at 22.66 on Friday. The company’s 50 day moving average price is $20.65 and its 200-day moving average price is $20.67. The firm’s market cap is $750.61 million. Investment Technology Group, Inc. has a 1-year low of $15.04 and a 1-year high of $22.72.

Investment Technology Group (NYSE:ITG) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The company had revenue of $121.60 million for the quarter, compared to analyst estimates of $124.00 million. Investment Technology Group had a positive return on equity of 3.08% and a negative net margin of 1.77%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the firm earned ($0.02) earnings per share. Equities analysts expect that Investment Technology Group, Inc. will post $0.49 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, August 22nd were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Friday, August 18th. Investment Technology Group’s dividend payout ratio (DPR) is presently -107.69%.

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A number of research firms recently commented on ITG. Rosenblatt Securities began coverage on Investment Technology Group in a research note on Tuesday, September 12th. They set a “neutral” rating and a $21.00 price objective on the stock. Zacks Investment Research lowered Investment Technology Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. BidaskClub lowered Investment Technology Group from a “sell” rating to a “strong sell” rating in a research note on Sunday, August 6th. Finally, TheStreet raised Investment Technology Group from a “c” rating to a “b-” rating in a research note on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Investment Technology Group has an average rating of “Hold” and a consensus target price of $22.00.

Investment Technology Group Profile

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.

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

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