Vanguard Group Inc. increased its stake in Investment Technology Group, Inc. (NYSE:ITG) by 5.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,832,279 shares of the financial services provider’s stock after buying an additional 150,416 shares during the period. Vanguard Group Inc. owned 8.52% of Investment Technology Group worth $57,353,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in ITG. Mason Street Advisors LLC increased its stake in shares of Investment Technology Group by 9.2% in the first 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 period. SG Americas Securities LLC increased its stake in shares of Investment Technology Group by 8.6% in the first 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 period. Louisiana State Employees Retirement System increased its stake in shares of Investment Technology Group by 4.0% in the first quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the financial services provider’s stock valued at $261,000 after buying an additional 500 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Investment Technology Group by 3.6% in the first quarter. BNP Paribas Arbitrage SA now owns 15,131 shares of the financial services provider’s stock valued at $306,000 after buying an additional 519 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in shares of Investment Technology Group by 4.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 16,690 shares of the financial services provider’s stock valued at $329,000 after buying an additional 780 shares during the period. 87.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of Investment Technology Group, Inc. (NYSE:ITG) traded up 0.24% during mid-day trading on Tuesday, reaching $21.13. The company’s stock had a trading volume of 5,859 shares. The company has a 50 day moving average of $21.67 and a 200-day moving average of $20.53. The firm’s market capitalization is $699.93 million. Investment Technology Group, Inc. has a 12 month low of $15.04 and a 12 month high of $22.69.

Investment Technology Group (NYSE:ITG) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by $0.04. The business had revenue of $121.60 million during the quarter, compared to analyst estimates of $124 million. Investment Technology Group had a positive return on equity of 3.08% and a negative net margin of 1.77%. The firm’s revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.02) earnings per share. Equities research analysts forecast that Investment Technology Group, Inc. will post $0.59 EPS for the current year.

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Several brokerages recently issued reports on ITG. ValuEngine raised Investment Technology Group from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research raised Investment Technology Group from a “sell” rating to a “hold” rating in a research note on Thursday, May 4th. TheStreet raised Investment Technology Group from a “c” rating to a “b-” rating in a research note on Wednesday, August 2nd. Finally, BidaskClub downgraded Investment Technology Group from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $22.50.

Investment Technology Group Company 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.

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

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