Headlines about Investment Technology Group (NYSE:ITG) have been trending positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Investment Technology Group earned a daily sentiment score of 0.37 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 46.0963319329782 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern’s rankings:
A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Investment Technology Group from a “sell” rating to a “hold” rating in a research report on Wednesday. ValuEngine downgraded shares of Investment Technology Group from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Rosenblatt Securities upgraded shares of Investment Technology Group from a “neutral” rating to a “buy” rating in a research report on Friday, March 2nd. Finally, Citigroup upgraded shares of Investment Technology Group to a “buy” rating in a research report on Friday, March 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $22.50.
Shares of ITG stock traded down $0.34 on Friday, reaching $19.86. The company had a trading volume of 148,073 shares, compared to its average volume of 194,852. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a market cap of $668.23, a PE ratio of 66.20 and a beta of 1.42. Investment Technology Group has a 12 month low of $17.63 and a 12 month high of $23.96.
Investment Technology Group (NYSE:ITG) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. The company had revenue of $126.70 million during the quarter, compared to analysts’ expectations 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 prior year, the business posted $0.16 EPS. research analysts anticipate that Investment Technology Group will post 1.01 earnings per share for the current year.
Investment Technology Group announced that its Board of Directors has approved a share repurchase plan on Thursday, February 15th that authorizes the company to repurchase 4,000,000 shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th were paid a $0.07 dividend. The ex-dividend date was Monday, February 26th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.41%. Investment Technology Group’s dividend payout ratio (DPR) is presently 93.33%.
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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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