Geode Capital Management LLC raised its position in shares of Investment Technology Group, Inc. (NYSE:ITG) by 2.7% during the first quarter, Holdings Channel reports. The institutional investor owned 242,401 shares of the financial services provider’s stock after buying an additional 6,437 shares during the period. Geode Capital Management LLC’s holdings in Investment Technology Group were worth $4,908,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in ITG. Mason Street Advisors LLC increased its position 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 worth $150,000 after buying an additional 623 shares in the last quarter. SG Americas Securities LLC increased its position 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 worth $229,000 after buying an additional 893 shares in the last quarter. Louisiana State Employees Retirement System increased its position 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 worth $261,000 after buying an additional 500 shares in the last quarter. BNP Paribas Arbitrage SA increased its position 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 worth $306,000 after buying an additional 519 shares in the last quarter. Finally, Arizona State Retirement System increased its position in shares of Investment Technology Group by 3.1% in the first quarter. Arizona State Retirement System now owns 16,476 shares of the financial services provider’s stock worth $334,000 after buying an additional 500 shares in the last quarter. 86.66% of the stock is owned by institutional investors and hedge funds.

Shares of Investment Technology Group, Inc. (NYSE:ITG) traded up 1.76% during midday trading on Monday, hitting $20.77. 9,428 shares of the company traded hands. The stock’s market capitalization is $688.01 million. The company has a 50-day moving average price of $21.45 and a 200-day moving average price of $20.54. Investment Technology Group, Inc. has a 52 week low of $15.04 and a 52 week high of $22.69.

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 (EPS) for the quarter, missing the Thomson Reuters’ 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 firm’s revenue was up .8% compared to the same quarter last year. During the same period last year, the business earned ($0.02) EPS. Analysts anticipate that Investment Technology Group, Inc. will post $0.59 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 22nd will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Friday, August 18th. Investment Technology Group’s dividend payout ratio (DPR) is currently -107.69%.

COPYRIGHT VIOLATION WARNING: “Geode Capital Management LLC Has $4.91 Million Position in Investment Technology Group, Inc. (NYSE:ITG)” was originally reported by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/08/14/geode-capital-management-llc-has-4-91-million-position-in-investment-technology-group-inc-nyseitg.html.

Several equities research analysts recently weighed in on the stock. TheStreet raised shares of Investment Technology Group from a “c” rating to a “b-” rating in a research report on Wednesday, August 2nd. BidaskClub downgraded shares of Investment Technology Group from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research downgraded shares of Investment Technology Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, ValuEngine raised shares of Investment Technology Group from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the 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.

Want to see what other hedge funds are holding ITG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Investment Technology Group, Inc. (NYSE:ITG).

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

Receive News & Ratings for Investment Technology Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Investment Technology Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.