Citadel Advisors LLC boosted its stake in shares of Investment Technology Group, Inc. (NYSE:ITG) by 77.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,084 shares of the financial services provider’s stock after purchasing an additional 35,869 shares during the quarter. Citadel Advisors LLC owned about 0.25% of Investment Technology Group worth $1,817,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in ITG. Teachers Advisors LLC boosted its position in shares of Investment Technology Group by 27.3% in the first quarter. Teachers Advisors LLC now owns 67,973 shares of the financial services provider’s stock valued at $1,376,000 after acquiring an additional 14,566 shares during the period. Vanguard Group Inc. boosted its position in shares of Investment Technology Group by 5.6% in the first quarter. Vanguard Group Inc. now owns 2,832,279 shares of the financial services provider’s stock valued at $57,353,000 after acquiring an additional 150,416 shares during the period. Geode Capital Management LLC boosted its position in shares of Investment Technology Group by 2.7% in 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 period. Renaissance Technologies LLC raised its stake in Investment Technology Group by 140.3% in the first quarter. Renaissance Technologies LLC now owns 110,800 shares of the financial services provider’s stock valued at $2,244,000 after purchasing an additional 64,700 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Investment Technology Group by 5.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 137,821 shares of the financial services provider’s stock valued at $2,791,000 after purchasing an additional 7,500 shares in the last quarter. 86.63% of the stock is owned by hedge funds and other institutional investors.

Investment Technology Group, Inc. (NYSE ITG) traded down $0.32 during mid-day trading on Wednesday, reaching $18.03. The company had a trading volume of 174,500 shares, compared to its average volume of 190,982. The firm has a market capitalization of $606.66, a P/E ratio of 52.43 and a beta of 1.37. Investment Technology Group, Inc. has a fifty-two week low of $17.63 and a fifty-two week high of $23.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.52 and a current ratio of 1.53.

Investment Technology Group (NYSE:ITG) last issued its earnings results on Wednesday, November 1st. The financial services provider reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.14). The business had revenue of $114.50 million for the quarter, compared to analyst estimates of $112.50 million. Investment Technology Group had a positive return on equity of 2.92% and a negative net margin of 6.57%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.08) EPS. analysts anticipate that Investment Technology Group, Inc. will post 0.23 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 28th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Monday, November 27th. Investment Technology Group’s payout ratio is -29.47%.

ITG has been the subject of a number of analyst reports. Rosenblatt Securities initiated coverage on Investment Technology Group in a research note on Tuesday, September 12th. They issued a “neutral” rating and a $21.00 price target for the company. ValuEngine downgraded Investment Technology Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Finally, Zacks Investment Research downgraded Investment Technology Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Three research analysts have rated the stock with a sell rating and one has given a hold rating to the company. The company currently has a consensus rating of “Sell” and a consensus target price of $23.00.

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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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