Somewhat Favorable News Coverage Somewhat Unlikely to Impact Investment Technology Group (ITG) Stock Price
Media coverage about Investment Technology Group (NYSE:ITG) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Investment Technology Group earned a news impact score of 0.05 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 47.2168230354163 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- Critical Analysis: Investment Technology Group (NYSE:ITG) & TD Ameritrade Holding Corporation (AMTD) (americanbankingnews.com)
- Investment Technology Group, Inc. (ITG) to Issue $0.07 Quarterly Dividend (americanbankingnews.com)
- Head-To-Head Analysis: Investment Technology Group (ITG) versus Greenhill & Co. (GHL) (americanbankingnews.com)
- Albemarle Corporation (ALB) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS (ismboard.com)
- BRIEF-ITG releases July 2017 U.S. trading volume (reuters.com)
Shares of Investment Technology Group (ITG) traded up 0.20% during mid-day trading on Friday, hitting $20.41. The stock had a trading volume of 177,792 shares. The firm’s market cap is $676.08 million. Investment Technology Group has a 52 week low of $15.04 and a 52 week high of $22.69. The stock has a 50 day moving average price of $21.45 and a 200 day moving average price of $20.54.
Investment Technology Group (NYSE:ITG) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by $0.04. The firm had revenue of $121.60 million for the quarter, compared to the consensus estimate of $124 million. Investment Technology Group had a positive return on equity of 3.08% and a negative net margin of 1.77%. The company’s revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.02) EPS. Equities research analysts expect that Investment Technology Group will post $0.59 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 22nd will be given a dividend of $0.07 per share. The ex-dividend date is Friday, August 18th. This represents a $0.28 dividend on an annualized basis and a yield of 1.37%. Investment Technology Group’s dividend payout ratio is currently -107.69%.
ITG has been the topic of several research analyst reports. Zacks Investment Research upgraded Investment Technology Group from a “sell” rating to a “hold” rating in a report on Thursday, May 4th. ValuEngine upgraded Investment Technology Group from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub upgraded Investment Technology Group from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, TheStreet upgraded Investment Technology Group from a “c” rating to a “b-” rating in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus 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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