Shell Asset Management Co. held its position in 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 owned 43,833 shares of the financial services provider’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Investment Technology Group were worth $931,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ITG. State of Alaska Department of Revenue boosted its position in Investment Technology Group by 77.3% in the second quarter. State of Alaska Department of Revenue now owns 6,188 shares of the financial services provider’s stock worth $131,000 after buying an additional 2,698 shares during the period. Mason Street Advisors LLC boosted its position in 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 worth $150,000 after buying an additional 623 shares during the period. SG Americas Securities LLC boosted its position in 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 worth $229,000 after buying an additional 893 shares during the period. Louisiana State Employees Retirement System boosted its position in 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 worth $261,000 after buying an additional 500 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in 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 worth $306,000 after buying an additional 519 shares during the period. Institutional investors and hedge funds own 87.19% of the company’s stock.

Investment Technology Group, Inc. (NYSE:ITG) opened at 20.57 on Thursday. Investment Technology Group, Inc. has a 12-month low of $15.04 and a 12-month high of $22.69. The stock has a 50 day moving average of $21.50 and a 200-day moving average of $20.54. The company’s market capitalization is $681.38 million.

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

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

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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