The New Wellington Management Group Llp Holding in Investment Technology Group, Inc
Wellington Management Group Llp filed with the SEC SC 13G form for Investment Technology Group, Inc. The form can be accessed here: 000090221916001240. As reported in Wellington Management Group Llp’s form, the filler as of late owns 11.14% or 3,665,963 shares of the Finance–company.
Investment Technology Group, Inc stake is a new one for the for this institutional investor and it was filed because of activity on October 31, 2016. We feel this shows Wellington Management Group Llp’s positive view for the stock. For a institutional investor managing $826.00 billion in assets and having 1540+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.
Investment Technology Group, Inc Institutional Sentiment
Latest Security and Exchange filings show 144 investors own Investment Technology Group, Inc. The institutional ownership in Q3 2015 is high, at 91.09% of the outstanding shares. This is increased by 120720 the total institutional shares. 29658789 were the shares owned by these institutional investors. In total 18 funds opened new Investment Technology Group, Inc stakes, 63 increased stakes. There were 42 that closed positions and 45 reduced them.
Andalusian Capital Partners Lp is an institutional investor bullish on Investment Technology Group, Inc, owning 107700 shares as of Q3 2015 for 0.54% of its portfolio. Sterling Ridge Capital Management Lp owns 36411 shares or 0.32% of its portfolio. NY Alpine Partners Vi Llc have 1.41% of their stock portfolio for 357500 shares. Further, Tieton Capital Management Llc reported stake worth 1.23% of its US stock portfolio. The CA Philadelphia Financial Management Of San Francisco Llc owns 1944488 shares. Investment Technology Group, Inc is 5.53% of the manager’s US portfolio.
Investment Technology Group, Inc. is an independent broker and financial technology firm. The Company operates through four segments: United States Operations, Canadian Operations, European Operations and Asia Pacific Operations. These segments offer a range of solutions for asset managers and broker-dealers in the areas of electronic brokerage, which includes self-directed trading by clients using algorithms, smart routing and matching in cash equities, futures and options through the POSIT crossing network; research, sales and trading, which provides equity research, syndicated research products and custom analysis; platforms, which includes trade order and execution management software applications in addition to network connectivity, and analytics, which includes tools to construct and manage a portfolio, and securities valuation.
SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.
Wellington Management Group Llp website.
Insitutional Activity: The institutional sentiment increased to 1.07 in Q2 2016. Its up 0.21, from 0.86 in 2016Q1. The ratio improved, as 16 funds sold all Investment Technology Group shares owned while 40 reduced positions. 13 funds bought stakes while 47 increased positions. They now own 28.55 million shares or 0.71% less from 28.75 million shares in 2016Q1.
Citigroup has 0% invested in the company for 19,862 shares. Teacher Retirement System Of Texas last reported 4,229 shares in the company. Pnc Finance Services Group Inc owns 217 shares or 0% of their US portfolio. Sei Investments holds 0.01% of its portfolio in Investment Technology Group (NYSE:ITG) for 100,313 shares. River And Mercantile Asset Mngmt Limited Liability Partnership holds 0.91% or 126,540 shares in its portfolio. The New York-based Renaissance Technology Limited Liability has invested 0% in Investment Technology Group (NYSE:ITG). The Florida-based Madden Advisory Svcs has invested 0.56% in Investment Technology Group (NYSE:ITG). The Massachusetts-based Geode Management Limited Liability Corp has invested 0% in Investment Technology Group (NYSE:ITG). Manufacturers Life Ins The has 0% invested in the company for 22,699 shares. The California-based Fuller And Thaler Asset Incorporated has invested 0.58% in Investment Technology Group (NYSE:ITG). Eqis Management, a California-based fund reported 19,104 shares. Deere last reported 0.04% of its portfolio in the stock. Sg Americas Securities Ltd holds 0% of its portfolio in Investment Technology Group (NYSE:ITG) for 20,781 shares. Boston Advisors Lc holds 0.01% or 16,040 shares in its portfolio. Jacobs Levy Equity Mngmt Inc last reported 0.01% of its portfolio in the stock.
About 178,933 shares traded hands. Investment Technology Group (NYSE:ITG) has declined 11.67% since April 8, 2016 and is downtrending. It has underperformed by 17.32% the S&P500.
Investment Technology Group, Inc. is an independent broker and financial technology firm. The company has a market cap of $672.89 million. The Firm operates through four divisions: United States Operations, Canadian Operations, European Operations and Asia Pacific Operations. It has a 12.9 P/E ratio.
Investment Technology Group (NYSE:ITG) Ratings Coverage
Out of 3 analysts covering Investment Technolgy Group Inc (NYSE:ITG), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $26 is the highest target while $19 is the lowest. The $22.75 average target is 22.91% above today’s ($18.51) stock price. Investment Technolgy Group Inc has been the topic of 6 analyst reports since September 9, 2015 according to StockzIntelligence Inc. The rating was upgraded by JP Morgan on Wednesday, January 20 to “Overweight”. The company was downgraded on Thursday, April 7 by JP Morgan. As per Tuesday, March 29, the company rating was maintained by Credit Suisse.
More recent Investment Technology Group (NYSE:ITG) news were published by: Seekingalpha.com which released: “Investment Technology Group’s (ITG) CEO Frank Troise on Q3 2016 Results …” on November 09, 2016. Also Zacks.com published the news titled: “Should You Get Rid of Investment Technology (ITG) Group Now?” on November 04, 2016. Seekingalpha.com‘s news article titled: “Investment Technology Group’s (ITG) CEO Frank Troise on Q1 2016 Results …” with publication date: May 05, 2016 was also an interesting one.
According to Zacks Investment Research, “Investment Technology Group is one of the leading providers of technology-based equity trading services and transaction research to institutional investors and brokers. ITG’s services help clients to access liquidity, execute trades more efficiently, and make better trading decisions. They offer a fully-integrated family of advanced trading services encompassing three business lines: POSIT, Client-Site Trading Products, and Electronic Trading Desk.”
ITG Company Profile
Investment Technology Group, Inc. (ITG), incorporated on March 10, 1994, is an independent broker and financial technology firm. The Firm operates through four divisions: United States Operations, Canadian Operations, European Operations and Asia Pacific Operations. These divisions offer a range of solutions for asset managers and broker-dealers in the areas of electronic brokerage; research, sales and trading; platforms, and analytics. These offerings include trade execution services and solutions for portfolio management, as well as investment research, pre-trade analytics and post-trade analytics and processing. The Company’s subsidiaries include ITG Inc., AlterNet Securities, Inc. (AlterNet), ITG Derivatives LLC (ITG Derivatives), ITG Canada Corp. (ITG Canada), Investment Technology Group Limited (ITG Europe), ITG Australia Limited (ITG Australia), ITG Hong Kong Limited (ITG Hong Kong), ITG Software Solutions, Inc., ITG Solutions Network, Inc., ITG Investment Research, Inc. (ITG Investment Research) and ITG Platforms Inc.
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