Prudential Financial Inc. raised its stake in Investment Technology Group, Inc. (NYSE:ITG) by 2.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 58,768 shares of the financial services provider’s stock after buying an additional 1,670 shares during the period. Prudential Financial Inc. owned about 0.18% of Investment Technology Group worth $1,190,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in Investment Technology Group during the fourth quarter valued at approximately $11,625,000. FMR LLC boosted its position in Investment Technology Group by 48.8% in the fourth quarter. FMR LLC now owns 888,780 shares of the financial services provider’s stock valued at $17,545,000 after buying an additional 291,499 shares during the period. Bank of New York Mellon Corp boosted 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. River & Mercantile Asset Management LLP acquired a new position in Investment Technology Group during the fourth quarter valued at approximately $2,824,000. Finally, JPMorgan Chase & Co. boosted its position in Investment Technology Group by 80.5% in the first quarter. JPMorgan Chase & Co. now owns 153,675 shares of the financial services provider’s stock valued at $3,112,000 after buying an additional 68,541 shares during the period. Institutional investors and hedge funds own 87.11% of the company’s stock.

Investment Technology Group, Inc. (ITG) opened at 22.12 on Friday. The firm’s market cap is $733.19 million. Investment Technology Group, Inc. has a 1-year low of $15.04 and a 1-year high of $22.42. The company has a 50 day moving average price of $21.31 and a 200 day moving average price of $20.44.

Investment Technology Group (NYSE:ITG) last issued its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.08. The company had revenue of $120.80 million for the quarter, compared to the consensus estimate of $120.10 million. Investment Technology Group had a positive return on equity of 1.73% and a negative net margin of 3.89%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same period last year, the business posted $0.05 earnings per share. On average, equities research analysts forecast that Investment Technology Group, Inc. will post $0.73 earnings per share for the current year.

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Several research analysts recently commented on ITG shares. Zacks Investment Research cut Investment Technology Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. ValuEngine upgraded Investment Technology Group from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Four equities research analysts have rated the stock with 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 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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