Nationwide Fund Advisors lifted its holdings in Investment Technology Group, Inc. (NYSE:ITG) by 41.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 72,033 shares of the financial services provider’s stock after buying an additional 21,255 shares during the quarter. Nationwide Fund Advisors owned approximately 0.22% of Investment Technology Group worth $1,530,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue lifted its position in shares of Investment Technology Group by 77.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,188 shares of the financial services provider’s stock worth $131,000 after buying an additional 2,698 shares during the last quarter. Mason Street Advisors LLC lifted its position in shares of Investment Technology Group by 9.2% in the 1st 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 during the last quarter. SG Americas Securities LLC lifted its position in shares of Investment Technology Group by 8.6% in the 1st 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 during the last quarter. Arizona State Retirement System lifted its position in shares of Investment Technology Group by 3.1% in the 1st 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 during the last quarter. Finally, Tudor Investment Corp ET AL lifted its position in shares of Investment Technology Group by 59.2% in the 1st quarter. Tudor Investment Corp ET AL now owns 16,886 shares of the financial services provider’s stock worth $342,000 after buying an additional 6,280 shares during the last quarter. Institutional investors own 87.64% of the company’s stock.

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

Investment Technology Group, Inc. (ITG) opened at 23.69 on Thursday. The company’s market capitalization is $784.73 million. Investment Technology Group, Inc. has a 52-week low of $15.04 and a 52-week high of $23.80. The stock has a 50 day moving average of $21.48 and a 200-day moving average of $20.89.

Investment Technology Group (NYSE:ITG) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.04). Investment Technology Group had a negative net margin of 1.77% and a positive return on equity of 3.08%. The firm had revenue of $121.60 million during the quarter, compared to analyst estimates of $124.00 million. During the same quarter in the prior year, the firm posted ($0.02) EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis. On average, equities analysts forecast that Investment Technology Group, Inc. will post $0.50 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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