Dividend Reporting: Investment Technology Group, Inc. (NYSE:ITG) gearing towards $0.07 dividends on Dec 13, 2016.

Dividend Reporting: Investment Technology Group, Inc. (NYSE:ITG) gearing towards $0.07 dividends on Dec 13, 2016.

Investment Technology Group, Inc. (NYSE:ITG) is expected to pay $0.07 on Dec 13, 2016. The indicated annual dividend is $0.28. Shareholders owning the stock before Nov 25, 2016 will be eligible to receive the payout. Based on Investment Technology Group, Inc.’s current price of $19.44, the dividend is 0.36%. This dividend’s record date is Nov 29, 2016 and the announcement date is Nov 18, 2016. The stock increased 0.05% or $0.01 on November 23, hitting $19.44. Investment Technology Group (NYSE:ITG) has declined 9.71% since April 22, 2016 and is downtrending. It has underperformed by 15.12% the S&P500.

Investment Technology Group, Inc. is an independent broker and financial technology firm. The company has a market cap of $633.10 million. The Firm operates through four divisions: United States Operations, Canadian Operations, European Operations and Asia Pacific Operations. It has a 13.55 P/E ratio.

Insitutional Activity: The institutional sentiment decreased to 0.7 in 2016 Q2. Its down 0.37, from 1.07 in 2016Q1. The ratio worsened, as 16 funds sold all Investment Technology Group shares owned while 40 reduced positions. 13 funds bought stakes while 47 increased positions. They now own 28.55 million shares or 0.71% less from 28.75 million shares in 2016Q1.
Dimensional Fund Advsrs L P has invested 0.02% of its portfolio in Investment Technology Group (NYSE:ITG). Citigroup Inc holds 0% or 19,862 shares in its portfolio. Westpac Bk Corporation last reported 0% of its portfolio in the stock. Moreover, Hbk Invests L P has 0.01% invested in Investment Technology Group (NYSE:ITG) for 44,000 shares. Tower Research Capital Ltd Liability Corporation (Trc) has 600 shares for 0% of their US portfolio. Morgan Stanley accumulated 0% or 34,177 shares. Philadelphia Mngmt Of San Francisco Limited Liability last reported 1.83 million shares in the company. Blackrock has invested 0% of its portfolio in Investment Technology Group (NYSE:ITG). Goldman Sachs Group Incorporated holds 0% of its portfolio in Investment Technology Group (NYSE:ITG) for 159,001 shares. The New Jersey-based Blackrock Inv Management Ltd Liability has invested 0% in Investment Technology Group (NYSE:ITG). Brandywine Invest Mgmt Ltd Liability accumulated 0% or 14,600 shares. Par Mngmt holds 0.22% or 785,000 shares in its portfolio. Rhumbline Advisers accumulated 0% or 49,566 shares. Moreover, Schwab Charles Investment Mngmt Inc has 0% invested in Investment Technology Group (NYSE:ITG) for 117,673 shares. Pinebridge Invs Limited Partnership holds 0% of its portfolio in Investment Technology Group (NYSE:ITG) for 4,212 shares.

Investment Technology Group (NYSE:ITG) Ratings Coverage

Out of 3 analysts covering Investment Technolgy Group Inc (NYSE:ITG), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $26 is the highest target while $19 is the lowest. The $22.75 average target is 17.03% above today’s ($19.44) stock price. Investment Technolgy Group Inc has been the topic of 6 analyst reports since September 9, 2015 according to StockzIntelligence Inc. As per Tuesday, March 29, the company rating was maintained by Credit Suisse. The firm has “Overweight” rating given on Wednesday, January 20 by JP Morgan. The rating was downgraded by JP Morgan to “Neutral” on Thursday, April 7.

More recent Investment Technology Group (NYSE:ITG) news were published by: Nasdaq.com which released: “Investment Technology Group, Inc. (ITG) Ex-Dividend Date Scheduled for …” on November 23, 2016. Also Seekingalpha.com published the news titled: “Investment Technology Group’s (ITG) CEO Frank Troise on Q3 2016 Results …” on November 09, 2016. Seekingalpha.com‘s news article titled: “Investment Technology Group’s (ITG) CEO Frank Troise on Q1 2016 Results …” with publication date: May 05, 2016 was also an interesting one.

ITG Company Profile

Investment Technology Group, Inc. (ITG), incorporated on March 10, 1994, is an independent broker and financial technology firm. The Firm operates through four divisions: United States Operations, Canadian Operations, European Operations and Asia Pacific Operations. These divisions offer a range of solutions for asset managers and broker-dealers in the areas of electronic brokerage; research, sales and trading; platforms, and analytics. These offerings include trade execution services and solutions for portfolio management, as well as investment research, pre-trade analytics and post-trade analytics and processing. 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.

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