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.
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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