State Board of Administration of Florida Retirement System Continues to Hold Holding in Investment Technology Group (ITG)

State Board of Administration of Florida Retirement System Continues to Hold Holding in Investment Technology Group (ITG)

State Board of Administration of Florida Retirement System continued to hold its stake in shares of Investment Technology Group (NYSE:ITG) during the fourth quarter, Holdings Channel reports. The fund owned 33,721 shares of the company’s stock at the end of the fourth quarter. State Board of Administration of Florida Retirement System’s holdings in Investment Technology Group were worth $666,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ITG. Acadian Asset Management LLC acquired a new stake in shares of Investment Technology Group during the third quarter worth about $218,000. Bank of New York Mellon Corp raised its stake in shares of Investment Technology Group by 5.9% in the third quarter. Bank of New York Mellon Corp now owns 1,822,601 shares of the company’s stock worth $31,240,000 after buying an additional 101,846 shares during the last quarter. KBC Group NV raised its stake in shares of Investment Technology Group by 318.4% in the third quarter. KBC Group NV now owns 12,255 shares of the company’s stock worth $210,000 after buying an additional 9,326 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Investment Technology Group by 1.1% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,520 shares of the company’s stock worth $197,000 after buying an additional 120 shares during the last quarter. Finally, Westpac Banking Corp raised its stake in shares of Investment Technology Group by 0.4% in the third quarter. Westpac Banking Corp now owns 75,193 shares of the company’s stock worth $1,289,000 after buying an additional 299 shares during the last quarter. 88.36% of the stock is currently owned by hedge funds and other institutional investors.

Investment Technology Group (NYSE:ITG) opened at 20.25 on Friday. The firm’s market capitalization is $673.07 million. Investment Technology Group has a 1-year low of $15.04 and a 1-year high of $22.65. The stock has a 50 day moving average price of $20.13 and a 200 day moving average price of $18.86.

Investment Technology Group (NYSE:ITG) last announced its earnings results on Wednesday, February 1st. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.06. The company had revenue of $119.60 million for the quarter, compared to analyst estimates of $120.47 million. Investment Technology Group had a positive return on equity of 0.86% and a negative net margin of 5.53%. Investment Technology Group’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.07) earnings per share. Analysts predict that Investment Technology Group will post $0.64 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Monday, February 27th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Thursday, February 23rd. Investment Technology Group’s dividend payout ratio (DPR) is presently -35.00%.

Separately, Zacks Investment Research lowered Investment Technology Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 11th.

About Investment Technology Group

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