Investment Technology Group (ITG) was Resumed by Credit Suisse to “Outperform”. Credit Suisse advised their investors in a research report released on Nov 21, 2016.
On the company’s financial health, Investment Technology Group reported $-0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Nov 9, 2016. Analyst had a consensus of $-0.10. The company had revenue of $104.19 million for the quarter, compared to analysts expectations of $108.00 million. The company’s revenue was down -13.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.12 EPS.
Investment Technology Group opened for trading at $19.33 and hit $19.7525 on the upside on Monday, eventually ending the session at $19.43, with a gain of 0.83% or 0.16 points. The heightened volatility saw the trading volume jump to 2,28,262 shares. Company has a market cap of $633 M.
Investors should note that on Nov 17, 2016, Investment Technology Group announced a cash dividend of $0.0700. The company’s management has announced Nov 25, 2016 as the ex-dividend date and fixed the record date on Nov 29, 2016. The payable date has been fixed on Dec 13, 2016.
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.