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Investment Technology Group

NYSE:ITG
Snowflake Description

Excellent balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ITG
NYSE
$999M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Investment Technology Group, Inc. operates as a financial technology company in the United States, Canada, Europe, and the Asia Pacific. The last earnings update was 4 days ago. More info.


Add to Portfolio Compare Print
  • Investment Technology Group has significant price volatility in the past 3 months.
ITG Share Price and Events
7 Day Returns
9.7%
NYSE:ITG
1.5%
US Capital Markets
1.6%
US Market
1 Year Returns
61%
NYSE:ITG
8.2%
US Capital Markets
12.4%
US Market
ITG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Investment Technology Group (ITG) 9.7% 9.4% 36.4% 61% 54.2% 64.6%
US Capital Markets 1.5% 3% -3.1% 8.2% 46.5% 89.3%
US Market 1.6% 2.3% -2.2% 12.4% 55.2% 105.4%
1 Year Return vs Industry and Market
  • ITG outperformed the Capital Markets industry which returned 8.2% over the past year.
  • ITG outperformed the Market in United States of America which returned 12.4% over the past year.
Price Volatility
ITG
Industry
5yr Volatility vs Market

ITG Value

 Is Investment Technology Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Investment Technology Group. This is due to cash flow or dividend data being unavailable. The share price is $30.22.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Investment Technology Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Investment Technology Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:ITG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-0.03
NYSE:ITG Share Price ** NYSE (2018-11-09) in USD $30.22
United States of America Capital Markets Industry PE Ratio Median Figure of 66 Publicly-Listed Capital Markets Companies 21.28x
United States of America Market PE Ratio Median Figure of 2,971 Publicly-Listed Companies 18.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Investment Technology Group.

NYSE:ITG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:ITG Share Price ÷ EPS (both in USD)

= 30.22 ÷ -0.03

-1175.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Investment Technology Group is loss making, we can't compare its value to the US Capital Markets industry average.
  • Investment Technology Group is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Investment Technology Group's expected growth come at a high price?
Raw Data
NYSE:ITG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1175.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 34 Publicly-Listed Capital Markets Companies 1.85x
United States of America Market PEG Ratio Median Figure of 2,086 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Investment Technology Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Investment Technology Group's assets?
Raw Data
NYSE:ITG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $10.84
NYSE:ITG Share Price * NYSE (2018-11-09) in USD $30.22
United States of America Capital Markets Industry PB Ratio Median Figure of 125 Publicly-Listed Capital Markets Companies 4.78x
United States of America Market PB Ratio Median Figure of 4,972 Publicly-Listed Companies 1.88x
NYSE:ITG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:ITG Share Price ÷ Book Value per Share (both in USD)

= 30.22 ÷ 10.84

2.79x

* Primary Listing of Investment Technology Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Investment Technology Group is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Investment Technology Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Investment Technology Group has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ITG Future Performance

 How is Investment Technology Group expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.3%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Investment Technology Group expected to grow at an attractive rate?
  • Unable to compare Investment Technology Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Investment Technology Group's earnings growth to the United States of America market average as no estimate data is available.
  • Investment Technology Group's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:ITG Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:ITG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 7.3%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 7.8%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:ITG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:ITG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 591 2
2019-12-31 551 2
2018-12-31 511 2
NYSE:ITG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 506 -1
2018-06-30 499 108 -48
2018-03-31 492 148 -40
2017-12-31 482 68 -39
2017-09-30 474 78 -31
2017-06-30 464 169 -8
2017-03-31 461 -21 -18
2016-12-31 464 35 -26
2016-09-30 461 -11 51
2016-06-30 478 -99 77
2016-03-31 500 72 72
2015-12-31 525 49 92

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Investment Technology Group is high growth as no earnings estimate data is available.
  • Investment Technology Group's revenue is expected to grow by 7.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:ITG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Investment Technology Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ITG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
2018-12-31
NYSE:ITG Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -0.03
2018-06-30 -1.46
2018-03-31 -1.22
2017-12-31 -1.19
2017-09-30 -0.95
2017-06-30 -0.25
2017-03-31 -0.55
2016-12-31 -0.79
2016-09-30 1.53
2016-06-30 2.32
2016-03-31 2.15
2015-12-31 2.70

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Investment Technology Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Investment Technology Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Investment Technology Group has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ITG Past Performance

  How has Investment Technology Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Investment Technology Group's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Investment Technology Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Investment Technology Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Investment Technology Group's 1-year growth to the US Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Investment Technology Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Investment Technology Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ITG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 505.52 -0.85 333.23
2018-06-30 499.27 -48.04 339.17
2018-03-31 492.35 -40.37 324.55
2017-12-31 481.67 -39.44 325.92
2017-09-30 474.46 -31.31 311.04
2017-06-30 464.03 -8.25 329.28
2017-03-31 460.56 -18.11 343.00
2016-12-31 464.38 -25.92 353.54
2016-09-30 461.38 50.70 360.69
2016-06-30 477.76 77.32 346.18
2016-03-31 500.19 72.33 368.56
2015-12-31 525.28 91.57 368.73
2015-09-30 557.67 22.21 375.42
2015-06-30 571.90 30.87 380.65
2015-03-31 569.74 54.01 358.30
2014-12-31 557.49 50.89 354.92
2014-09-30 540.13 47.57 348.73
2014-06-30 532.89 43.92 344.94
2014-03-31 533.61 36.08 348.20
2013-12-31 528.09 31.09 347.71
2013-09-30 517.98 14.97 345.43
2013-06-30 509.95 7.49 345.98
2013-03-31 497.65 -244.70 342.50
2012-12-31 501.89 -247.86 347.54
2012-09-30 510.22 -245.08 352.53
2012-06-30 539.56 -234.83 360.34
2012-03-31 555.40 -183.88 365.64
2011-12-31 570.01 -179.79 370.31

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Investment Technology Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Investment Technology Group has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • Investment Technology Group's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Investment Technology Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Investment Technology Group has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ITG Health

 How is Investment Technology Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Investment Technology Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Investment Technology Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Investment Technology Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Investment Technology Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 13.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Investment Technology Group Company Filings, last reported 1 month ago.

NYSE:ITG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 358.06 54.42 257.80
2018-06-30 355.13 97.94 297.74
2018-03-31 362.94 90.27 267.68
2017-12-31 363.24 108.77 311.86
2017-09-30 372.26 125.43 272.56
2017-06-30 414.18 150.41 283.80
2017-03-31 403.22 199.20 286.09
2016-12-31 405.16 113.72 321.26
2016-09-30 401.25 192.27 323.38
2016-06-30 433.37 250.47 292.60
2016-03-31 444.99 913.38 1,082.26
2015-12-31 454.82 982.65 1,240.62
2015-09-30 384.41 999.00 1,128.18
2015-06-30 395.53 942.22 1,076.88
2015-03-31 405.69 859.82 946.19
2014-12-31 415.60 605.13 821.96
2014-09-30 417.62 728.20 866.42
2014-06-30 420.96 737.97 854.88
2014-03-31 416.01 746.16 980.10
2013-12-31 417.43 841.66 1,082.84
2013-09-30 409.79 1,052.40 1,272.94
2013-06-30 398.45 803.71 1,053.32
2013-03-31 404.10 1,511.58 1,684.86
2012-12-31 409.77 864.63 1,115.31
2012-09-30 418.65 705.17 999.66
2012-06-30 414.42 645.68 901.93
2012-03-31 666.00 1,123.31 1,284.34
2011-12-31 671.11 720.29 1,024.25
  • Investment Technology Group's level of debt (15.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (256.2% vs 15.2% today).
  • Debt is well covered by operating cash flow (198.3%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Investment Technology Group's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Investment Technology Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Investment Technology Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ITG Dividends

 What is Investment Technology Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.93%
Current annual income from Investment Technology Group dividends.
If you bought $2,000 of Investment Technology Group shares you are expected to receive $19 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Investment Technology Group's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.37%).
  • Investment Technology Group's dividend is below the markets top 25% of dividend payers in United States of America (3.5%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:ITG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1977 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:ITG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
2018-12-31
NYSE:ITG Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-11-08 0.280 0.929
2018-08-03 0.280 1.185
2018-05-17 0.280 1.274
2018-02-16 0.280 1.371
2017-11-16 0.280 1.434
2017-08-10 0.280 1.340
2017-05-18 0.280 1.324
2017-02-16 0.280 1.397
2016-11-17 0.280 1.398
2016-08-10 0.280 1.719
2016-08-09 0.280 1.706
2016-05-05 0.280 1.614
2016-02-29 0.280 1.354
2015-11-09 0.280 1.584
2015-11-05 0.280 1.385
2015-08-10 0.280 1.870
2015-08-03 0.280 1.563
2015-05-11 0.280 1.087
2015-04-30 0.280 0.963

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Investment Technology Group has been paying a dividend for less than 10 years.
  • Investment Technology Group has only been paying a dividend for 4 years, and since then there has been no growth.
Current Payout to shareholders
What portion of Investment Technology Group's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Investment Technology Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Investment Technology Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Investment Technology Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ITG Management

 What is the CEO of Investment Technology Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Frank Troise
COMPENSATION $4,353,427
AGE 52
TENURE AS CEO 2.8 years
CEO Bio

Mr. Francis J. Troise, also known as Frank, has been the Chief Executive Officer and President of Investment Technology Group, Inc. since joining in January 15, 2016. Mr. Troise served as the Head of J.P. Morgan Execution Services. He served as Global Head of Equities Electronic Trading at JPMorgan Chase & Co. He served as the Managing Director and Head of U.S Equities Electronic Product Management at Lehman Brothers Inc. His responsibilities include product management for the electronic trading of equities and listed options. Prior to his joining Lehman Brothers, Mr. Troise worked for eight years at ITG Inc., a leading provider of technology-based equity trading services. At ITG, he was a Managing Director, responsible for client site sales and trading. He served as a Senior Vice President and the Chief Operating Officer at ITG. Before joining ITG, Mr. Troise worked in the financial services practice at Booz Allen & Hamilton and Accenture. He serves as a Director of eBX LLC. He has been a Director of Investment Technology Group, Inc. since January 15, 2016. He served on the boards of BIDS Holdings, Chi-X Global Holdings and Neovest. Mr. Troise holds an M.B.A. from the MIT Sloan School of Management and an M.S. in operations research from Columbia University. He also holds a B.S. in electrical engineering from Boston University.

CEO Compensation
  • Frank's compensation has been consistent with company performance over the past year.
  • Frank's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Investment Technology Group management team in years:

3.3
Average Tenure
50
Average Age
  • The tenure for the Investment Technology Group management team is about average.
Management Team

Frank Troise

TITLE
CEO, President & Director
COMPENSATION
$4M
AGE
52
TENURE
2.8 yrs

Steve Vigliotti

TITLE
MD, CFO & Chief Administrative Officer
COMPENSATION
$1M
AGE
50
TENURE
8.8 yrs

Rob Boardman

TITLE
MD & CEO of European Operations
COMPENSATION
$1M
AGE
50
TENURE
8.4 yrs

Etienne Phaneuf

TITLE
MD & CEO of Canada Operations
COMPENSATION
$1M
AGE
44
TENURE
3.3 yrs

Brian Pomraning

TITLE
MD & Global Head of Product Management
COMPENSATION
$1M
AGE
43
TENURE
1.8 yrs

Angelo Bulone

TITLE
MD, Controller & Principal Accounting Officer
AGE
52

Angélique F. Desanto

TITLE
MD, General Counsel & Secretary
AGE
43
TENURE
3.3 yrs

Tom Shpetner

TITLE
Global Chief Compliance Officer
TENURE
2.6 yrs

Heather Evans

TITLE
CMO & MD
AGE
59
TENURE
2.8 yrs

Peter Goldstein

TITLE
MD & Global Head of Human Resources
AGE
54
TENURE
11.1 yrs
Board of Directors Tenure

Average tenure and age of the Investment Technology Group board of directors in years:

2.8
Average Tenure
55
Average Age
  • The average tenure for the Investment Technology Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Minder Cheng

TITLE
Chairman of the Board
COMPENSATION
$244K
AGE
54
TENURE
2.8 yrs

Frank Troise

TITLE
CEO, President & Director
COMPENSATION
$4M
AGE
52
TENURE
2.8 yrs

Timothy Jones

TITLE
Director
COMPENSATION
$170K
AGE
62
TENURE
13.7 yrs

Steve Wood

TITLE
Director
COMPENSATION
$177K
AGE
60
TENURE
8.8 yrs

Robert Lilien

TITLE
Director
COMPENSATION
$169K
AGE
56
TENURE
3.6 yrs

Lee Shavel

TITLE
Director
COMPENSATION
$180K
AGE
51
TENURE
2.8 yrs

Brian Cartwright

TITLE
Director
COMPENSATION
$170K
AGE
70
TENURE
2.8 yrs

Kevin Lynch

TITLE
Director
COMPENSATION
$165K
AGE
49
TENURE
2.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Investment Technology Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Investment Technology Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ITG News

External News
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Simply Wall St News

Investment Technology Group Inc (NYSE:ITG): What Does It Mean For Your Portfolio?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Some stocks mimic the volatility of the market quite closely, while others demonstrate muted, exagerrated or uncorrelated price movements. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility).

Simply Wall St -

Is It The Right Time To Buy Investment Technology Group Inc (NYSE:ITG)?

Investment Technology Group Inc (NYSE:ITG), a capital markets company based in United States,. … As a small cap stock, hardly covered by any analysts, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value? … Let’s take a look at Investment Technology Group’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

Interested In Investment Technology Group Inc (NYSE:ITG)? Here's How It Performed Recently

Check out our latest analysis for Investment Technology Group Was ITG's recent earnings decline indicative of a tough track record? … For Investment Technology Group, its most recent earnings (trailing twelve month) is -US$40.36M, which, in comparison to the previous year's level, has become more negative. … Each year, for the past half a decade Investment Technology Group has seen an annual decline in revenue of -2.33%, on average.

Simply Wall St -

Is There Now An Opportunity In Investment Technology Group Inc (NYSE:ITG)?

Investment Technology Group Inc (NYSE:ITG), a capital markets company based in United States, saw a double-digit share price rise of over 10% in the past couple of months on the NYSE. … The stock’s ratio of 1.88x is currently trading slightly below its industry peers’ ratio of 2.24x, which means if you buy Investment Technology Group today, you’d be paying a relatively fair price for it. … However, the positive outlook is encouraging for Investment Technology Group, which means it’s worth further examining other factors such as the strength of its balance sheet, in order to take advantage of the next price drop.

Simply Wall St -

ITG Company Info

Map
Description

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. The company’s products include POSIT, a point-in-time electronic crossing network for equity orders and price improvement opportunities; algorithms and smart order routers that offers portfolio managers and traders a way to trade orders; and single stock and portfolio trading, as well as derivatives execution and technology services focusing on sell-side clients, professional traders, and select hedge funds. It also provides Execution Management System, which offers execution and analytical tools for global list-based and single-stock trading, futures and options, and a financial services communications network; and Order Management System that combines portfolio management and compliance functionality. In addition, the company provides ITG Net, a financial communications network; RFQ-hub, a multi-asset platform for financial instruments; Single Ticket Clearing, a broker-neutral operational service; and Commission Manager, a Web-based commission management portal. Further, it offers Trading Analytics, which enables portfolio managers and traders to enhance execution performance through trading analytics and risk models; and Portfolio Analytics that assists asset managers with portfolio decision-making tasks from portfolio construction and optimization. Additionally, the company provides software development and maintenance services; and workflow technology solutions and network connectivity services for the financial community. Investment Technology Group, Inc. was founded in 1983 and is headquartered in New York, New York.

Details
Name: Investment Technology Group, Inc.
ITG
Exchange: NYSE
Founded: 1983
$999,409,699
33,071,135
Website: http://www.itg.com
Address: Investment Technology Group, Inc.
One Liberty Plaza,
165 Broadway,
New York,
New York, 10006,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE ITG Common Stock New York Stock Exchange US USD 13. Oct 1983
DB IVY Common Stock Deutsche Boerse AG DE EUR 13. Oct 1983
Number of employees
Current staff
Staff numbers
934
Investment Technology Group employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/11 21:07
End of day share price update: 2018/11/09 00:00
Last estimates confirmation: 2018/11/09
Last earnings filing: 2018/11/07
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.