Shares of Investment Technology Group Inc. (NYSE:ITG) saw strong trading volume on Thursday . 434,882 shares changed hands during mid-day trading, an increase of 71% from the previous session’s volume of 253,871 shares.The stock last traded at $17.89 and had previously closed at $18.15.

A number of analysts have recently commented on the company. JPMorgan Chase & Co. downgraded Investment Technology Group from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $24.00 to $23.00 in a research note on Thursday, April 7th. Credit Suisse Group AG reissued a “buy” rating and issued a $18.00 price objective on shares of Investment Technology Group in a research note on Wednesday, June 29th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $20.75.

The company has a market cap of $591.10 million and a P/E ratio of 8.43. The stock has a 50 day moving average price of $16.91 and a 200 day moving average price of $18.48.

Investment Technology Group (NYSE:ITG) last issued its earnings results on Thursday, July 28th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.01. The firm earned $120.60 million during the quarter, compared to analyst estimates of $115.73 million. The company’s quarterly revenue was down 14.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 earnings per share. On average, equities research analysts anticipate that Investment Technology Group Inc. will post $0.19 EPS for the current fiscal year.

A number of large investors have added to or reduced their stakes in ITG. California State Teachers Retirement System raised its stake in Investment Technology Group by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 63,396 shares of the company’s stock worth $1,079,000 after buying an additional 1,083 shares during the period. Sei Investments Co. acquired a new stake in Investment Technology Group during the fourth quarter worth approximately $1,707,000. First Trust Advisors LP raised its stake in Investment Technology Group by 194.2% in the fourth quarter. First Trust Advisors LP now owns 150,141 shares of the company’s stock worth $2,555,000 after buying an additional 99,099 shares during the period. Finally, Morgan Stanley raised its stake in Investment Technology Group by 25.0% in the fourth quarter. Morgan Stanley now owns 61,642 shares of the company’s stock worth $1,049,000 after buying an additional 12,346 shares during the period.

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