Public Sector Pension investment Board lessened its stake in Investment Technology Group, Inc. (NYSE:ITG) by 25.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,294 shares of the financial services provider’s stock after selling 5,700 shares during the period. Public Sector Pension investment Board’s holdings in Investment Technology Group were worth $346,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its position in shares of Investment Technology Group by 77.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,188 shares of the financial services provider’s stock valued at $131,000 after buying an additional 2,698 shares during the last quarter. Mason Street Advisors LLC grew its position in shares of Investment Technology Group by 9.2% in the 1st quarter. Mason Street Advisors LLC now owns 7,384 shares of the financial services provider’s stock valued at $150,000 after buying an additional 623 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Investment Technology Group by 8.6% in the 1st quarter. SG Americas Securities LLC now owns 11,308 shares of the financial services provider’s stock valued at $229,000 after buying an additional 893 shares during the last quarter. Arizona State Retirement System grew its position in shares of Investment Technology Group by 3.1% in the 1st quarter. Arizona State Retirement System now owns 16,476 shares of the financial services provider’s stock valued at $334,000 after buying an additional 500 shares during the last quarter. Finally, Tudor Investment Corp ET AL grew its position in shares of Investment Technology Group by 59.2% in the 1st quarter. Tudor Investment Corp ET AL now owns 16,886 shares of the financial services provider’s stock valued at $342,000 after buying an additional 6,280 shares during the last quarter. Hedge funds and other institutional investors own 87.64% of the company’s stock.

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A number of equities research analysts have commented on the company. BidaskClub lowered Investment Technology Group from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Rosenblatt Securities assumed coverage on Investment Technology Group in a research report on Tuesday, September 12th. They issued a “neutral” rating and a $21.00 price target on the stock. TheStreet upgraded Investment Technology Group from a “c” rating to a “b-” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research lowered Investment Technology Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Two 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. The company presently has a consensus rating of “Hold” and a consensus price target of $22.00.

Shares of Investment Technology Group, Inc. (ITG) opened at 23.61 on Friday. The company’s 50 day moving average price is $21.10 and its 200 day moving average price is $20.79. The company’s market cap is $782.08 million. Investment Technology Group, Inc. has a 12 month low of $15.04 and a 12 month high of $23.80.

Investment Technology Group (NYSE:ITG) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.04). The company had revenue of $121.60 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.02) EPS. On average, equities analysts expect that Investment Technology Group, Inc. will post $0.50 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, August 22nd were paid a $0.07 dividend. The ex-dividend date was Friday, August 18th. This represents a $0.28 annualized dividend and a dividend yield of 1.19%. Investment Technology Group’s 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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