Investment Technology Group (ITG) : Voce Capital Management reduced its stake in Investment Technology Group by 14.09% during the most recent quarter end. The investment management company now holds a total of 500,015 shares of Investment Technology Group which is valued at $9,715,291 after selling 81,992 shares in Investment Technology Group , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Investment Technology Group makes up approximately 11.75% of Voce Capital Management’s portfolio.
Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in ITG in the latest quarter, The investment management firm added 65,010 additional shares and now holds a total of 2,620,514 shares of Investment Technology Group which is valued at $50,916,587. Tower Research Capital (trc) added ITG to its portfolio by purchasing 600 company shares during the most recent quarter which is valued at $9,414.Blackrock Investment Management reduced its stake in ITG by selling 912 shares or 0.62% in the most recent quarter. The Hedge Fund company now holds 146,574 shares of ITG which is valued at $2,299,746. Sg Americas Securities sold out all of its stake in ITG during the most recent quarter. The investment firm sold 20,781 shares of ITG which is valued $326,054. Strs Ohio sold out all of its stake in ITG during the most recent quarter. The investment firm sold 44,900 shares of ITG which is valued $690,562.
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.
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.
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.
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.