Media stories about Investment Technology Group (NYSE:ITG) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Investment Technology Group earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 47.1812705543422 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
Shares of Investment Technology Group (NYSE ITG) opened at $19.80 on Wednesday. Investment Technology Group has a 52 week low of $17.63 and a 52 week high of $23.96. The company has a quick ratio of 1.50, a current ratio of 1.51 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $675.76, a P/E ratio of -16.64 and a beta of 1.35.
Investment Technology Group (NYSE:ITG) last issued its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.12 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.12. The company had revenue of $126.70 million during the quarter, compared to the consensus estimate of $125.70 million. Investment Technology Group had a positive return on equity of 2.66% and a negative net margin of 8.15%. Investment Technology Group’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 EPS. equities analysts forecast that Investment Technology Group will post 1.01 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th will be issued a $0.07 dividend. The ex-dividend date is Monday, February 26th. This represents a $0.28 annualized dividend and a yield of 1.41%. Investment Technology Group’s dividend payout ratio (DPR) is presently -23.53%.
Investment Technology Group declared that its Board of Directors has authorized a stock buyback plan on Thursday, February 15th that allows the company to repurchase 4,000,000 shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
A number of research firms recently issued reports on ITG. ValuEngine lowered Investment Technology Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Zacks Investment Research lowered Investment Technology Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 17th. Three research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. Investment Technology Group currently has a consensus rating of “Sell” and a consensus target price of $22.50.
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Investment Technology Group Company Profile
Investment Technology Group, Inc (ITG) is a financial technology company that helps brokers and asset managers improve returns for investors around the world. The Company operates through four segments: U.S. Operations, Canadian Operations, European Operations and Asia Pacific Operations. These four segments provide categories of products and services, such as Execution Services, Workflow Technology and Analytics.
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