Principal Financial Group Inc. increased its position in shares of Investment Technology Group (NYSE:ITG) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 268,499 shares of the financial services provider’s stock after buying an additional 2,134 shares during the quarter. Principal Financial Group Inc. owned 0.81% of Investment Technology Group worth $8,119,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Enlightenment Research LLC acquired a new position in shares of Investment Technology Group in the 4th quarter valued at $30,000. PNC Financial Services Group Inc. boosted its stake 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 purchasing an additional 538 shares during the period. Meeder Asset Management Inc. acquired a new position in Investment Technology Group in the 4th quarter worth $34,000. NumerixS Investment Technologies Inc acquired a new position in Investment Technology Group in the 4th quarter worth $48,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Investment Technology Group by 85.7% during 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. 86.14% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:ITG opened at $30.23 on Friday. 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 one year low of $19.10 and a one year high of $30.34. The stock has a market cap of $999.71 million, a price-to-earnings ratio of 36.52 and a beta of 0.69.
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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