NYSE:ITG
$17.80
(3/12 6:40PM)
-1.1%
| Open | $18 |
Mkt Cap | $783.1 Million |
| High | $18.01 |
52Wk High | $28.90 |
| Low | $17.76 |
52Wk Low | $16.02 |
| Volume | 420,705 |
Avg Vol 10D | 554,100 |
A Word Of Caution
Investment Technology Group, Incorporated (ITG) has experienced a very significant loss in market value recently. Clearly this drop in price will have an impact on the valuation but the recent events that caused the drop may have not been fully factored into our analysis yet. When a stock loses value very quickly it could be a sign that there is a fear of bankruptcy.
Please take a look at the RazorWire feed on the right hand side of the page. If Investment Technology Grp NY has been mentioned on business television or influential blogs recently a portion of that story should be displayed. This should help bring you up to speed on any major issues they are facing right now.
Of course, you may proceed to review our research report for this security, but please be aware that our model may not reflect significant factors surrounding this company.
Therefore, (and as always), check additional sources and available information regarding ITG before making an investment decision.
Ockham's Rating/Recommendation Summary
Rating specific information requires Premium Access.
Buy Now
or
Learn More about Ockham's Features and Services.
ITG Revenue
For a long time, value investors have used the current share price relative to sales per share levels as an important valuation tool. We utilize a historical weighted average methodology that treats recent years more importantly in the calculation. When looking at ITG through this framework, we can see that our weighted average historical high and low Price to Sales per share ratios over the last 10 years are 3.74x and 1.84x respectively.
Utilizing this range we can see that ITG’s current Price to Sales per share ratio of 1.24x is significantly below its average levels historically. In fact, with a current price of $17.80, ITG is a full 56% below its average Price to Sales ratio at comparable sales levels. This is a rare occurrence and, when taken in context of the other areas of our analysis, can be a strong positive for our outlook for ITG.
ITG Cash Earnings
As the old saying goes, "Cash is King!" We look at reported Cash Earnings, but the main emphasis of our analysis involves stripping out non-cash events such as depreciation from our cash earnings analysis. This helps us view the cash flows more clearly. Nevertheless, an analysis of Cash Earnings (both reported and otherwise) is absolutely pivotal to assessing a company's value, and currently ITG is below its historical average multiple of Cash Earnings. Looking at the last 10 years we can get a good understanding of what investors have grown to expect from ITG. For example, ITG's Cash Earnings ratio per share has fluctuated between 14.06 and 27.77 over this historical timeframe. This range is based upon a proprietary weighted methodology at Ockham, but can clearly show an investor where ITG is with respect to prior business periods.
With a historical average Cash Earnings ratio of 20.92, the current Cash Earnings ratio of 18.35 is a positive opportunity for value in the Ockham view. Naturally, we would love to see a deeper value opportunity for ITG, but to get there one of two things must occur (or both). Either the stock price must decline further to increase the long term buying opportunity, or the management at ITG needs to earn more cash. If either, or both, of these occur, then we could see a significant gap emerge between what investors were willing to pay for in the past, and where ITG is trading currently (latest close price of $17.80).
ITG Dividends
When determining a company's future prospects for success, Ockham Research sees analysis of dividend payments as a key additional factor. Even though it isn't imperative for ITG to shell out a dividend in order to receive a positive rating, it can be helpful to further our analysis. While we do like to see companies with healthy and growing dividends, it is not appropriate for all companies, especially those focused on growth. In this regard, we regard ITG as neutral because we do not have historical data for this company's dividends. We will being incorporating this into our analysis as soon as that data is available.
Zero Hedge Has the Latest News on ITG
Staying informed on the news is invaluable for investors, and RazorWire has captured a recently discussion on ITG from Zero Hedge.
Based on our methodology, Investment Technology Group, Incorporated should hold some appeal to value investors as we view it as Undervalued. We noticed recently that in comparison to all other stocks we analyze in the news; ITG has received less coverage from the financial media in business television and blogs. Crowd sentiment is leaning to the bearish side, according to the robust data set collected by the Motley Fool CAPS survey.
“… study, reports by the research firm, Quantitative Services Group (QSG), the investment banking firm, Jefferies Company, the dark pool operator, INVESTMENT TECHNOLOGY Group (ITG), ... …”
Stay Current on ITG's News on Zero Hedge
The latest news on Zero Hedge in regards to ITG came through on RazorWire recently.
As we analyze the results from RazorWire, one thing we do is rank each stock in terms of amount of news coverage. Recently, ITG has been less covered in the news compared to the rest of our universe of stocks. We consider ITG as Undervalued at the current price of $17.05. According to our methodology, this stock has appreciation potential based on current fundamentals which only improves if earnings or revenue surprise. The Motley Fool CAPS data suggests that investors believe Investment Technology Group, Incorporated will beat the market in the foreseeable future.
“… ” ITG, which runs the block trading dark pool POSIT, also conducted a study last November on predatory high frequency trading in dark pools. …”
ITG News Mentioned on Squawk On The Street Recently
Investment Technology Group, Incorporated is one of the thousands of companies that Ockham has news analytics on, and it was recently discussed on Squawk On The Street.
Based on our methodology, Investment Technology Group, Incorporated should hold some appeal to value investors as we view it as Undervalued. Crowd sentiment is leaning to the bearish side, according to the robust data set collected by the Motley Fool CAPS survey. We noticed recently that in comparison to all other stocks we analyze in the news; ITG has received less coverage from the financial media in business television and blogs.
“… Bob barbera is chief economist at ITG, and mike from farrmiller and proudly wears the decoder ring that marks him as an official contributor. …”
Investment Technology Group, Incorporated (ITG) Discussed on CNBC's Squawk Box
Investment Technology Group, Incorporated is in the news. Find out how this impacts ITG trading on Ockham Research.
Former fed governor, larry meyer and bob baarbera, the chief economist of ITG, and steve santelli and steve liesman. Talking about the crosswinds that will be flying across this number, the seasonality of january, the census workers that are going to start to get hired. Some of the retail action that happens during the holidays. Cnbc's hampton pearson joins us now from the labor department with the numbers for january.
“… Former fed governor, larry meyer and bob baarbera, the chief economist of ITG, and steve santelli and steve liesman. Talking about the crosswinds that will be flying across this ... …”
Regulators Interested in ITG? Possibly as Both Were Discussed on Bulls & Bears
RazorWire news analytics has noted a discussion of ITG that may be related to a regulators or the Fed on Bulls & Bears.
Crowd sentiment is favorable on this stock, as measured by the Motley Fool CAPS survey. When taking into account the amount of news coverage each stock normally sees as a percentage of the total, Investment Technology Group, Incorporated has actually sunk a bit in comparison to the others. At present, Ockham has a valuation stance of Undervalued on ITG, as we could see significant price appreciation based on current fundamentals like cash earnings and revenue.
“… The tough part is vacuumg g ITG all up. That will be done eventually. > > you make a couple good points. The fed as theld p p psident used to say, the …”
ITG's Back in the News After More than a Month on Squawk Box
There has not been much to report from ITG in the last few weeks at least, but Squawk Box talked about the stock recently.
Based on our methodology, Investment Technology Group, Incorporated should hold some appeal to value investors as we view it as Undervalued. Crowd sentiment is leaning to the bearish side, according to the robust data set collected by the Motley Fool CAPS survey. We noticed recently that in comparison to all other stocks we analyze in the news; ITG has received less coverage from the financial media in business television and blogs.
“… coming up, ITG chief economist bob barbera gives ben bernanke a letter followed by jim bunning, telling us on why he gives bernanke an "f". > > > …”
Interested in ITG? See What the Pundits Said on Squawk Box
"squawk" inbox. ITG chief economist bob barbara. In dear "squawk" this morning, kent bridges in wisconsin writes in, an improvement in white collar professional jobs indicates engineering jobs may have picked up, which is always a prelude to a turn around as companies start time prove their production lines before bringing the workers back. Patrick house writes in, give the whole story here.
“… as companies start time prove their production lines before bringing the workers back. Patrick house writes in, give the whole story here. …”
Check Out Squawk Box's News on ITG
Volatility and reported results this is a story that's going to be told on a week by week basis >> bob barbera, ITG has thoughts on financials in general. >> again, six months ago the question was the funds rate already zero. Can you in vent strategy that necessitates banks and the like. The alphabet soup did that, the talf, t.A.R.P., buying of treasuries, buying of mortgages. It worked.
“… necessitates banks and the like. The alphabet soup did that, the talf, t.A.R.P., buying of treasuries, buying of mortgages. It worked. …”
Investment Technology Group, Incorporated (ITG) Discussed on CNBC's Squawk Box
Investment Technology Group, Incorporated is in the news. Find out how this impacts ITG trading on Ockham Research.
This is the first time actually meeting you in person. We also have larry levin, president of secrettraders.Com at the cme in chicago and our guest host, bob doll of blackrock and bob barbera of ITG. Let's get to you, rick. >> we're getting ready for the supply. I don't think supply will be an issue this set of auctions. I don't think it will be an issue next set of auctions. To assume it's never going to an issue is assuming when credit was too easy and gotten by all several years ago that it would never end. Rates are modestly changed I think foreign exchange, pay very close attention, and maybe pay a lot of attention to newer yoe roubini's newest call -- >> we're at the highest rick of
“… supply. I don't think supply will be an issue this set of auctions. I don't think it will be an issue next set of auctions. To assume it's never going to an issue is assuming when credit was too easy and gotten by all several years ago that it would never end. Rates are modestly changed I think foreign exchange, pay very close attention, and maybe pay a lot of attention to newer yoe roubini's newest call -- >> we're at the highest rick of …”
Investment Technology Group, Incorporated (ITG) Discussed on CNBC's Closing Bell
Investment Technology Group, Incorporated is in the news. Find out how this impacts ITG trading on Ockham Research.
Policy that allows high frequency traders to preview trades made by institutional we dig into the issue right now with al berkley, chairman of pipeline trading and former chairman and vice chairman of and bob gasser ceo of INVESTMENT TECHNOLOGY group. >> glad to be here. >> so high frequency trading, is it an unfair advantage for some >> well, it's an advantage.
“… glad to be here. >> so high frequency trading, is it an unfair advantage for some >> well, it's an advantage. …”