Trade Report: The 10,325 Shares of Investment Technology Group Inc. (ITG) are sold by JPMorgan Chase & Co.

The 10,325 Shares of Investment Technology Group Inc. (ITG) are sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its stake in Investment Technology Group Inc. (NYSE:ITG) by 2.2% during the second quarter, Holdings Channel reports. The institutional investor owned 458,678 shares of the company’s stock after selling 10,325 shares during the period. JPMorgan Chase & Co. owned about 1.39% of Investment Technology Group worth $7,669,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Boston Advisors LLC increased its stake in Investment Technology Group by 0.5% in the second quarter. Boston Advisors LLC now owns 16,040 shares of the company’s stock valued at $268,000 after buying an additional 80 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Investment Technology Group by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the company’s stock worth $246,000 after buying an additional 200 shares during the period. Legal & General Group Plc increased its stake in shares of Investment Technology Group by 7.5% in the first quarter. Legal & General Group Plc now owns 7,092 shares of the company’s stock worth $158,000 after buying an additional 492 shares during the period. New York State Teachers Retirement System increased its stake in shares of Investment Technology Group by 3.9% in the second quarter. New York State Teachers Retirement System now owns 125,828 shares of the company’s stock worth $2,104,000 after buying an additional 4,700 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of Investment Technology Group by 43.8% in the second quarter. SG Americas Securities LLC now owns 20,781 shares of the company’s stock worth $347,000 after buying an additional 6,334 shares during the period. 90.29% of the stock is owned by institutional investors.

Shares of Investment Technology Group Inc. (NYSE:ITG) traded up 0.94% during trading on Friday, hitting $17.26. 176,447 shares of the stock were exchanged. The company has a market cap of $567.97 million, a P/E ratio of 7.50 and a beta of 1.33. Investment Technology Group Inc. has a 1-year low of $13.60 and a 1-year high of $22.92. The firm’s 50-day moving average is $16.11 and its 200 day moving average is $17.80.

Investment Technology Group (NYSE:ITG) last issued its earnings results on Thursday, July 28th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. The business had revenue of $120.60 million for the quarter, compared to analyst estimates of $115.73 million. Investment Technology Group had a return on equity of 0.35% and a net margin of 13.11%. The firm’s revenue was down 14.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 EPS. Equities analysts forecast that Investment Technology Group Inc. will post ($0.01) earnings per share for the current fiscal year.

ITG has been the subject of a number of research reports. Credit Suisse Group AG reissued a “buy” rating and issued a $20.00 price target on shares of Investment Technology Group in a report on Monday, August 8th. TheStreet downgraded shares of Investment Technology Group from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Investment Technology Group from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, July 29th.

Investment Technology Group Company Profile

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