Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Investment Technology Group (ITG) Share Price
News headlines about Investment Technology Group (NYSE:ITG) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Investment Technology Group earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 45.753700860187 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of equities research analysts have recently commented on the company. BidaskClub upgraded Investment Technology Group from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research cut Investment Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 18th. TheStreet upgraded Investment Technology Group from a “c” rating to a “b-” rating in a research report on Wednesday, August 2nd. Finally, Rosenblatt Securities assumed coverage on Investment Technology Group in a research report on Tuesday, September 12th. They set a “neutral” rating and a $21.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Investment Technology Group presently has an average rating of “Hold” and an average target price of $22.00.
Investment Technology Group (NYSE:ITG) traded up 0.53% during midday trading on Friday, hitting $22.78. The stock had a trading volume of 142,068 shares. Investment Technology Group has a 12 month low of $15.04 and a 12 month high of $23.02. The stock has a 50 day moving average of $20.65 and a 200 day moving average of $20.67. The stock’s market cap is $754.59 million.
Investment Technology Group (NYSE:ITG) last issued its quarterly 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). Investment Technology Group had a positive return on equity of 3.08% and a negative net margin of 1.77%. The firm had revenue of $121.60 million for the quarter, compared to analyst estimates of $124.00 million. During the same quarter last year, the firm earned ($0.02) earnings per share. The company’s revenue was up .8% compared to the same quarter last year. Analysts expect that Investment Technology Group will post $0.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, August 22nd were paid a dividend of $0.07 per share. The ex-dividend date was Friday, August 18th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.24%. Investment Technology Group’s dividend payout ratio (DPR) is -107.69%.
Investment Technology Group Company 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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