Alpine Global Management LLC reduced its stake in shares of Investment Technology Group, Inc. (NYSE:ITG) by 25.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,000 shares of the financial services provider’s stock after selling 4,182 shares during the quarter. Alpine Global Management LLC’s holdings in Investment Technology Group were worth $255,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its stake in Investment Technology Group by 77.3% during the second quarter. State of Alaska Department of Revenue now owns 6,188 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 2,698 shares in the last quarter. Mason Street Advisors LLC raised its stake in Investment Technology Group by 9.2% during the first quarter. Mason Street Advisors LLC now owns 7,384 shares of the financial services provider’s stock worth $150,000 after acquiring an additional 623 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in Investment Technology Group during the second quarter worth $159,000. SG Americas Securities LLC raised its stake in Investment Technology Group by 8.6% during the first quarter. SG Americas Securities LLC now owns 11,308 shares of the financial services provider’s stock worth $229,000 after acquiring an additional 893 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Investment Technology Group by 3.6% during the first quarter. BNP Paribas Arbitrage SA now owns 15,131 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 519 shares in the last quarter. Hedge funds and other institutional investors own 87.64% of the company’s stock.

ITG has been the subject of several recent analyst reports. Zacks Investment Research lowered Investment Technology Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. BidaskClub upgraded Investment Technology Group from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. TheStreet upgraded Investment Technology Group from a “c” rating to a “b-” rating in a research note on Wednesday, August 2nd. Finally, Rosenblatt Securities began coverage on Investment Technology Group in a research note on Tuesday, September 12th. They issued a “neutral” rating and a $21.00 target price for the company. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $22.00.

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Shares of Investment Technology Group, Inc. (ITG) traded up 0.88% during mid-day trading on Friday, hitting $22.86. The stock had a trading volume of 268,328 shares. The stock’s 50-day moving average price is $20.72 and its 200 day moving average price is $20.69. The company’s market capitalization is $757.24 million. Investment Technology Group, Inc. has a 1-year low of $15.04 and a 1-year high of $23.02.

Investment Technology Group (NYSE:ITG) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.14 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $121.60 million for the quarter, compared to the consensus estimate of $124.00 million. During the same quarter in the prior year, the company earned ($0.02) earnings per share. Investment Technology Group’s quarterly revenue was up .8% compared to the same quarter last year. On average, analysts predict that Investment Technology Group, Inc. will post $0.49 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, August 22nd were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, August 18th. This represents a $0.28 annualized dividend and a dividend yield of 1.22%. Investment Technology Group’s dividend payout ratio is currently -107.69%.

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.

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

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