Dimensional Fund Advisors LP decreased its holdings in shares of Investment Technology Group (NYSE:ITG) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,553,302 shares of the financial services provider’s stock after selling 11,901 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.70% of Investment Technology Group worth $46,972,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Enlightenment Research LLC acquired a new position in Investment Technology Group in the 4th quarter worth approximately $30,000. PNC Financial Services Group Inc. lifted its position in Investment Technology Group by 107.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,041 shares of the financial services provider’s stock worth $31,000 after buying an additional 538 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Investment Technology Group in the 4th quarter worth approximately $34,000. NumerixS Investment Technologies Inc purchased a new stake in Investment Technology Group in the 4th quarter worth approximately $48,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Investment Technology Group by 85.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,043 shares of the financial services provider’s stock worth $62,000 after buying an additional 943 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.
ITG stock remained flat at $$30.23 during midday trading on Wednesday. 320,535 shares of the company’s stock were exchanged, compared to its average volume of 300,237. The stock has a market cap of $999.71 million, a P/E ratio of 36.52 and a beta of 0.69. The company has a current ratio of 1.38, a quick ratio of 1.37 and a debt-to-equity ratio of 0.01. Investment Technology Group has a 12 month low of $19.10 and a 12 month high of $30.34.
Investment Technology Group Company Profile
Investment Technology Group, Inc operates as a financial technology company in the United States, Canada, Europe, and the Asia Pacific. The company offers various solutions for asset managers and broker-dealers in the areas of execution services, workflow technology, and analytics that provide trade execution services and solutions for portfolio management, as well as pre-trade analytics, and post-trade analytics and processing.
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