Investment Technology Group (ITG) Earns Daily Coverage Optimism Score of 0.08
News coverage about Investment Technology Group (NYSE:ITG) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Investment Technology Group earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 45.65596543905 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several equities research analysts recently commented on the stock. Rosenblatt Securities assumed coverage on shares of Investment Technology Group in a research report on Tuesday, September 12th. They issued a “neutral” rating and a $21.00 price target for the company. 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. BidaskClub downgraded shares of Investment Technology Group from a “sell” rating to a “strong sell” rating in a research report on Sunday, August 6th. TheStreet upgraded shares of Investment Technology Group from a “c” rating to a “b-” rating in a research report on Wednesday, August 2nd. Finally, ValuEngine upgraded shares of Investment Technology Group from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $22.00.
Shares of Investment Technology Group (ITG) traded up 1.26% during midday trading on Friday, hitting $20.85. 259,601 shares of the company traded hands. The stock’s market capitalization is $690.66 million. Investment Technology Group has a 12-month low of $15.04 and a 12-month high of $22.69. The stock’s 50-day moving average is $20.34 and its 200 day moving average is $20.55.
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 Zacks’ consensus estimate of $0.18 by ($0.04). The firm had revenue of $121.60 million for the quarter, compared to analyst estimates of $124.00 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 for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.02) EPS. On average, analysts expect that Investment Technology Group will post $0.49 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, August 22nd were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Friday, August 18th. Investment Technology Group’s dividend payout ratio is currently -107.69%.
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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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