River & Mercantile Asset Management LLP grew its position in shares of Investment Technology Group (NYSE:ITG) by 45.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 145,324 shares of the financial services provider’s stock after acquiring an additional 45,430 shares during the period. River & Mercantile Asset Management LLP’s holdings in Investment Technology Group were worth $2,798,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ITG. SG Americas Securities LLC bought a new stake in shares of Investment Technology Group in the 3rd quarter worth approximately $179,000. Teacher Retirement System of Texas bought a new stake in shares of Investment Technology Group in the 4th quarter worth approximately $207,000. Crossmark Global Holdings Inc. bought a new stake in shares of Investment Technology Group in the 3rd quarter worth approximately $228,000. Trexquant Investment LP bought a new stake in shares of Investment Technology Group in the 3rd quarter worth approximately $275,000. Finally, Municipal Employees Retirement System of Michigan boosted its position in shares of Investment Technology Group by 67.4% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 12,470 shares of the financial services provider’s stock worth $276,000 after purchasing an additional 5,020 shares in the last quarter. Hedge funds and other institutional investors own 83.52% of the company’s stock.

ITG has been the topic of a number of analyst reports. ValuEngine cut Investment Technology Group from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Zacks Investment Research cut Investment Technology Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. Three research analysts have rated the stock with a sell rating and one has given a hold rating to the company. Investment Technology Group has a consensus rating of “Sell” and a consensus price target of $22.50.

Shares of Investment Technology Group (NYSE:ITG) opened at $19.57 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.51 and a quick ratio of 1.50. Investment Technology Group has a 12-month low of $17.63 and a 12-month high of $23.96. The company has a market capitalization of $654.93, a P/E ratio of -16.45 and a beta of 1.35.

Investment Technology Group (NYSE:ITG) last issued its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. The firm had revenue of $126.70 million for the quarter, compared to analysts’ expectations of $125.70 million. Investment Technology Group had a positive return on equity of 2.66% and a negative net margin of 8.15%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 EPS. research analysts predict that Investment Technology Group will post 1.01 earnings per share for the current year.

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

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