QS Investors LLC lowered its position in shares of Investment Technology Group, Inc. (NYSE:ITG) by 39.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,810 shares of the financial services provider’s stock after selling 46,397 shares during the period. QS Investors LLC owned approximately 0.22% of Investment Technology Group worth $1,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BT Investment Management Ltd acquired a new stake in shares of Investment Technology Group during the 2nd quarter worth approximately $564,000. Citadel Advisors LLC acquired a new stake in shares of Investment Technology Group during the 1st quarter worth approximately $778,000. Russell Investments Group Ltd. increased its holdings in shares of Investment Technology Group by 32.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 48,306 shares of the financial services provider’s stock worth $1,025,000 after buying an additional 11,925 shares during the last quarter. Comerica Bank increased its holdings in shares of Investment Technology Group by 38.3% during the 1st quarter. Comerica Bank now owns 45,920 shares of the financial services provider’s stock worth $925,000 after buying an additional 12,720 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Investment Technology Group by 6.4% during the 2nd quarter. Sei Investments Co. now owns 70,376 shares of the financial services provider’s stock worth $1,495,000 after buying an additional 4,208 shares during the last quarter. Institutional investors and hedge funds own 87.64% of the company’s stock.

ITG has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Investment Technology Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. BidaskClub upgraded shares of Investment Technology Group from a “sell” rating to a “hold” rating in a report on Monday, July 24th. TheStreet upgraded shares of Investment Technology Group from a “c” rating to a “b-” rating in a report on Wednesday, August 2nd. Finally, Rosenblatt Securities initiated coverage on shares of Investment Technology Group in a report on Tuesday, September 12th. They set a “neutral” rating and a $21.00 price target for the company. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Investment Technology Group presently has a consensus rating of “Hold” and a consensus target price of $22.00.

Shares of Investment Technology Group, Inc. (ITG) opened at 23.14 on Tuesday. The company has a 50-day moving average of $20.81 and a 200 day moving average of $20.72. Investment Technology Group, Inc. has a 12-month low of $15.04 and a 12-month high of $23.15. The firm’s market cap is $766.51 million.

Investment Technology Group (NYSE:ITG) last issued its quarterly 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). Investment Technology Group had a positive return on equity of 3.08% and a negative net margin of 1.77%. The company had revenue of $121.60 million for the quarter, compared to analyst estimates of $124.00 million. During the same period last year, the company posted ($0.02) EPS. The business’s revenue for the quarter was up .8% on a year-over-year basis. Equities research analysts anticipate that Investment Technology Group, Inc. will post $0.49 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, August 22nd were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.21%. The ex-dividend date was Friday, August 18th. Investment Technology Group’s dividend payout ratio (DPR) is -107.69%.

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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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