Revenue Update on Investment Technology Group(NYSE:ITG)

Investment Technology Group(NYSE:ITG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $120.61M. Analysts estimated a revenue of $115.73M. Earnings per share were $-0.02. Analysts had estimated an EPS of $-0.01.

Investment Technology Group (ITG) made into the market gainers list on Thursdays trading session with the shares advancing 0.87% or 0.14 points. Due to strong positive momentum, the stock ended at $16.23, which is also near the day’s high of $16.4. The stock began the session at $16.15 and the volume stood at 2,39,935 shares. The 52-week high of the shares is $22.92 and the 52 week low is $12.63. The company has a current market capitalization of $539 M and it has 3,32,08,926 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Feb 10, 2016, William S. Geyer (Managing Director) purchased 900 shares at $16.77 per share price.Also, On Nov 18, 2015, Michael Marrale (Managing Director) sold 10,684 shares at $19.96 per share price.On Nov 12, 2015, Maureen Ohara (director) purchased 300 shares at $19.81 per share price, according to the Form-4 filing with the securities and exchange commission.

Investment Technology Group Inc. (ITG) is an independent execution and research broker that partners with global portfolio managers and traders. 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. Its four operating segments include 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; research sales and trading; platforms and analytics.

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