Millennium Management LLC Grows Holdings in Investment Technology Group (ITG)

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Millennium Management LLC boosted its position in shares of Investment Technology Group (NYSE:ITG) by 51.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 184,165 shares of the financial services provider’s stock after purchasing an additional 62,931 shares during the quarter. Millennium Management LLC owned about 0.56% of Investment Technology Group worth $5,569,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in shares of Investment Technology Group by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 341,390 shares of the financial services provider’s stock valued at $10,323,000 after acquiring an additional 17,433 shares during the period. Vanguard Group Inc increased its holdings in shares of Investment Technology Group by 2.3% in the 3rd quarter. Vanguard Group Inc now owns 3,143,135 shares of the financial services provider’s stock valued at $68,080,000 after acquiring an additional 71,818 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its holdings in shares of Investment Technology Group by 273.2% in the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 53,000 shares of the financial services provider’s stock valued at $1,148,000 after acquiring an additional 38,800 shares during the period. Citigroup Inc. increased its holdings in shares of Investment Technology Group by 448.6% in the 4th quarter. Citigroup Inc. now owns 115,658 shares of the financial services provider’s stock valued at $3,498,000 after acquiring an additional 94,574 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Investment Technology Group by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 3,143,135 shares of the financial services provider’s stock valued at $68,080,000 after acquiring an additional 71,818 shares during the period. Institutional investors own 86.14% of the company’s stock.

Shares of ITG stock opened at $30.23 on Monday. Investment Technology Group has a 1-year low of $19.10 and a 1-year high of $30.34. The company has a current ratio of 1.38, a quick ratio of 1.37 and a debt-to-equity ratio of 0.01. The firm has a market cap of $999.71 million, a P/E ratio of 36.52 and a beta of 0.69.

Separately, Zacks Investment Research upgraded Investment Technology Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 19th.

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Investment Technology Group Company 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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