Investment Technology Receives a Buy from Credit Suisse

By Austin Angelo

Credit Suisse analyst Christian Bolu resumed coverage with a Buy rating on Investment Technology (NYSE: ITG) today. The company’s shares opened today at $19.52.

According to TipRanks.com, Bolu is a 4-star analyst with an average return of 10.4% and a 71.9% success rate. Bolu covers the Financial sector, focusing on stocks such as Raymond James Financial, Stifel Financial Corp., and Evercore Partners Inc.

Investment Technology has an analyst consensus of Moderate Buy.

The company has a one year high of $22.92 and a one year low of $14.95. Currently, Investment Technology has an average volume of 227.1K.

Based on the recent corporate insider activity of 110 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ITG in relation to earlier this year. Most recently, in May 2016, Minder Cheng, a Director at ITG bought 8,533 shares for a total of $103,847.

Investment Technology Group, Inc. operates as an investment holding company, with interest in equity trading services and transaction research to institutional investors and brokers. It is an independent research broker partnering with portfolio managers and traders throughout the investment process, from investment decision through to settlement. The company operates its business through the following segment: U.S. operations, Canadian operations, European operations and Asia Pacific operations. These segments provide electronic and high-touch trade execution, trade order and execution management, network connectivity, analytical products and investment research services. It offers a range of solutions for asset managers in the areas of electronic brokerage, research sales and trading, 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 was founded by Chris A. Hynes on July 22, 1983 and is headquartered in New York, NY.