Telemetry Investments L.L.C. Invests $499,000 in Investment Technology Group (ITG) Stock

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Telemetry Investments L.L.C. bought a new position in shares of Investment Technology Group (NYSE:ITG) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 16,500 shares of the financial services provider’s stock, valued at approximately $499,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ITG. Gardner Lewis Asset Management L P bought a new stake in Investment Technology Group during the fourth quarter worth about $25,864,000. MUFG Securities EMEA plc bought a new position in shares of Investment Technology Group in the fourth quarter worth about $5,764,000. Geode Capital Management LLC lifted its holdings in shares of Investment Technology Group by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 341,390 shares of the financial services provider’s stock worth $10,323,000 after acquiring an additional 17,433 shares during the last quarter. ARP Americas LP bought a new position in shares of Investment Technology Group in the fourth quarter worth about $13,125,000. Finally, Hsbc Holdings PLC bought a new position in shares of Investment Technology Group in the fourth quarter worth about $1,873,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of Investment Technology Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 19th. ValuEngine raised shares of Investment Technology Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 21st.

In related news, CEO Francis J. Troise sold 65,611 shares of the firm’s stock in a transaction that occurred on Tuesday, December 18th. The shares were sold at an average price of $30.02, for a total value of $1,969,642.22. Following the completion of the transaction, the chief executive officer now owns 237,398 shares in the company, valued at approximately $7,126,687.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Timothy Jones sold 5,060 shares of the firm’s stock in a transaction that occurred on Tuesday, December 18th. The shares were sold at an average price of $30.04, for a total transaction of $152,002.40. Following the completion of the transaction, the director now owns 73,675 shares of the company’s stock, valued at approximately $2,213,197. The disclosure for this sale can be found here. Insiders sold 72,324 shares of company stock valued at $2,171,251 in the last three months. Company insiders own 3.00% of the company’s stock.

Shares of ITG stock remained flat at $$30.23 on Friday. 320,535 shares of the stock were exchanged, compared to its average volume of 300,237. The company has a market capitalization of $999.71 million, a PE ratio of 36.52 and a beta of 0.69. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.38 and a quick ratio of 1.37. Investment Technology Group has a 52-week low of $19.10 and a 52-week high of $30.34.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Wednesday, February 27th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, February 26th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.93%.

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Investment Technology Group Profile

Investment Technology Group, Inc operates as a financial technology company in the United States, Canada, Europe, and the Asia Pacific. The company offers various solutions for asset managers and broker-dealers in the areas of execution services, workflow technology, and analytics that provide trade execution services and solutions for portfolio management, as well as pre-trade analytics, and post-trade analytics and processing.

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

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