Investment Technology Group (ITG) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Investment Technology Group (ITG) reported quarterly earnings results on Thursday, May-5-2016. The company reported $0.05 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.06. The company posted revenue of $124.66 million in the period, compared to analysts expectations of $124.45 million. The company’s revenue was down -16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

Many Wall Street Analysts have commented on Investment Technology Group. Investment Technology Group was Downgraded by JP Morgan to ” Neutral” on Apr 7, 2016.

Investment Technology Group closed down -0.52 points or -2.73% at $18.53 with 2,35,342 shares getting traded on Wednesday. Post opening the session at $18.96, the shares hit an intraday low of $18.41 and an intraday high of $19.3 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Feb 10, 2016, William S. Geyer (Managing Director) purchased 900 shares at $16.77 per share price. According to the SEC, on Nov 18, 2015, Michael Marrale (Managing Director) sold 10,684 shares at $19.96 per share price. On Nov 12, 2015, Maureen Ohara (director) purchased 300 shares at $19.81 per share price, according to the Form-4 filing with the securities and exchange commission.

Investment Technology Group Inc. (ITG) is an independent execution and research broker that partners with global portfolio managers and traders. The Company’s subsidiaries include ITG Inc. AlterNet Securities Inc. (AlterNet) ITG Derivatives LLC (ITG Derivatives) ITG Canada Corp. (ITG Canada) Investment Technology Group Limited (ITG Europe) ITG Australia Limited (ITG Australia) ITG Hong Kong Limited (ITG Hong Kong) ITG Software Solutions Inc. ITG Solutions Network Inc. ITG Investment Research Inc. (ITG Investment Research) and ITG Platforms Inc. Its four operating segments include United States Operations Canadian Operations European Operations and Asia Pacific Operations. These segments offer a range of solutions for asset managers and broker-dealers in the areas of electronic brokerage; research sales and trading; platforms and analytics.

Investment Technology Group

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