Alpha Windward LLC bought a new stake in shares of Investment Technology Group, Inc. (NYSE:ITG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 22,080 shares of the financial services provider’s stock, valued at approximately $469,000. Alpha Windward LLC owned about 0.07% of Investment Technology Group as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in ITG. Vanguard Group Inc. increased its position in 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 buying an additional 150,416 shares during the period. Frontier Capital Management Co. LLC increased its position in Investment Technology Group by 3.1% in the first quarter. Frontier Capital Management Co. LLC now owns 1,963,951 shares of the financial services provider’s stock valued at $39,770,000 after buying an additional 59,556 shares during the period. Bank of New York Mellon Corp increased its position in Investment Technology Group by 17.8% in the first quarter. Bank of New York Mellon Corp now owns 1,907,457 shares of the financial services provider’s stock valued at $38,627,000 after buying an additional 287,596 shares during the period. FMR LLC increased its position in Investment Technology Group by 2.1% in the first quarter. FMR LLC now owns 907,080 shares of the financial services provider’s stock valued at $18,368,000 after buying an additional 18,300 shares during the period. Finally, State Street Corp increased its position in Investment Technology Group by 6.3% in the first quarter. State Street Corp now owns 789,182 shares of the financial services provider’s stock valued at $15,983,000 after buying an additional 46,530 shares during the period. Institutional investors and hedge funds own 87.11% of the company’s stock.

Shares of Investment Technology Group, Inc. (ITG) traded down 0.04% during trading on Thursday, reaching $22.22. The company had a trading volume of 11,119 shares. The firm’s 50 day moving average price is $21.25 and its 200 day moving average price is $20.42. Investment Technology Group, Inc. has a 12 month low of $15.04 and a 12 month high of $22.42. The firm’s market capitalization is $736.50 million.

Investment Technology Group (NYSE:ITG) last announced its earnings results on Wednesday, May 3rd. The financial services provider reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.08. The firm had revenue of $120.80 million for the quarter, compared to analysts’ expectations of $120.10 million. Investment Technology Group had a positive return on equity of 1.73% and a negative net margin of 3.89%. Investment Technology Group’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 EPS. Equities analysts predict that Investment Technology Group, Inc. will post $0.73 EPS for the current year.

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ITG has been the topic of several research reports. Zacks Investment Research downgraded Investment Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine upgraded Investment Technology Group from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Investment Technology Group currently has a consensus rating of “Hold” and a consensus price target of $20.67.

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.

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

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