Vanguard Group Inc. lifted its position in shares of Investment Technology Group, Inc. (NYSE:ITG) by 2.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,888,402 shares of the financial services provider’s stock after buying an additional 56,123 shares during the quarter. Vanguard Group Inc. owned approximately 8.72% of Investment Technology Group worth $61,349,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its stake in shares of Investment Technology Group by 77.3% during 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. Arizona State Retirement System raised its stake in shares of Investment Technology Group by 3.1% during 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. Tudor Investment Corp ET AL raised its stake in shares of Investment Technology Group by 59.2% during 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. Thrivent Financial For Lutherans raised its stake in shares of Investment Technology Group by 7.6% during the 1st quarter. Thrivent Financial For Lutherans now owns 17,960 shares of the financial services provider’s stock worth $364,000 after buying an additional 1,270 shares during the last quarter. Finally, Alpha Windward LLC acquired a new position in shares of Investment Technology Group during the 2nd quarter worth $469,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently issued reports on ITG. BidaskClub downgraded Investment Technology Group from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Rosenblatt Securities began coverage on Investment Technology Group in a research note on Tuesday, September 12th. They set a “neutral” rating and a $21.00 price target for the company. TheStreet raised Investment Technology Group from a “c” rating to a “b-” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded Investment Technology Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $22.00.

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Investment Technology Group (NYSE:ITG) last announced its earnings results on Tuesday, November 7th. The financial services provider reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.27). 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 $114.50 million for the quarter, compared to the consensus estimate of $112.50 million. During the same period in the prior year, the business earned ($0.08) EPS. The company’s quarterly revenue was up 9.9% compared to the same quarter last year.

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.

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

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