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12:00 AM EST on 01/01/01

Investment Technology Group (NYSE:ITG)

CAPS Rating: No stars

The Company is a specialized agency brokerage and technology firm that partners with clients globally to provide innovative solutions spanning the entire investment process.

Current Price $0.00 Mkt Cap $0.00
Open $0.00 P/E Ratio 0.00
Prev. Close $0.00 Div. (Yield) $0.00 (0.0%)
Daily Range $0.00 - $0.00 Volume 191,129
52-Wk Range $30.00 - $30.33 Avg. Daily Vol.

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All Players

117 Outperform
10 Underperform
 

All-Star Players

18 Outperform
4 Underperform
 

Wall Street

6 Outperform
0 Underperform
 

Top NYSE:ITG Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

ToddMCTC (45.68)
Submitted August 13, 2008

10.68x times forward earnings. That's before you back out eight dollars in net cash. Back out the cash and you come up with a forward PE of 7.97. Not bad for a company that takes no risk. The company offers an execution platform, order and portfolio… More

nevercontent (80.58)
Submitted May 21, 2015

The company seems to be gaining a lot of traction with its dark pool offerings (the POSIT family), especially internationally, which should lead to network effects and a competitive advantage: as more funds join the pool, liquidity increases, making… More

NYSE:ITG VS S&P 500 (SPY)

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Recent Community Commentary

Read the most recent pitches from players about ITG.

Recs

1
Member Avatar nevercontent (80.58) Submitted: 5/21/2015 2:31:54 PM : Underperform Start Price: $26.65 NYSE:ITG Score: +31.34

The company seems to be gaining a lot of traction with its dark pool offerings (the POSIT family), especially internationally, which should lead to network effects and a competitive advantage: as more funds join the pool, liquidity increases, making the pool more attractive for others.

However, the company’s brokerage and market-making activities also expose it to tremendous risk, as it must make good on its clients’ obligations in the event they default. Interactive Brokers — one of the best in the business, IMHO — was left holding a $120 million bill in January when the Swiss National Bank suddenly devalued the Swiss Franc, pushing some of IB’s clients into default. FXCM, considered one of IB’s biggest competitors for Foreign Exchange trading, was left holding a $225 million bill, which nearly wiped it out entrirely (it was bailed out by Leucadia after its shares plunged 85% in value).

So regardless of what one thinks of the business performance, there is always this risk of catastrophe that, more or less, is beyond the control of management.

Glassdoor reviews are also very unfavorable: only 36% of employees approved of CEO Bob Gasser. Employees describe management as erratic, shifting directions all the time and offering no clear sense of direction. There seems to be a sense that there are way too many middle managers, creating a lot of politics and bureaucracy, and making promotion difficult. Tech employees seem to feel unchallenged and micro-managed, which is a very bad thing for a tech company. Contrast this with Interactive Brokers, which has a very tech-centered culture: when CEO Thomas Peterffy was asked how they incentivize their programmers, he said “Well, we hope to give them challenging jobs, which means that we keep them interested by allowing them to come up with their own suggestions and to create systems that are better than on par with elsewhere.” That's the right answer.

ITG stock may do well in the short term as margin expansion provides tailwinds for EPS, and the company’s geographic expansion seems to gain traction. But in the long run, I don’t think the right culture is in place, revenue is not growing quickly enough to maintain the current pace of EPS growth, and the risk of unpredictable and potentially catastrophic losses will always be a cloud over the business.

Recs

0
Member Avatar zultanite (< 20) Submitted: 2/27/2010 5:22:36 PM : Outperform Start Price: $16.15 NYSE:ITG Score: -90.89

Very good chart.

Recs

0
Member Avatar kevinottofro (24.56) Submitted: 2/6/2010 7:42:43 AM : Outperform Start Price: $16.90 NYSE:ITG Score: -110.79

low relative PE, good star & 2010 earnings. Bottom fishing week of 2/8

Leaderboard

Find the members with the highest scoring picks in ITG.

Score Leader

Afropuffashion

Afropuffashion (< 20) Score: +274.02

The Score Leader is the player with the highest score across all their picks in ITG.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
Afropuffashion < 20 3/10/2009 Underperform NS $18.42 +64.09% +338.12% +274.02 0 Comment
fmahnke 77.45 7/11/2012 Outperform 5Y $7.76 +289.51% +130.38% +159.14 0 Comment
pethan 95.49 11/20/2006 Underperform 5Y $38.28 -21.06% +133.95% +155.01 0 Comment
blacwolf < 20 5/8/2008 Underperform 3W $38.77 -22.06% +129.78% +151.84 0 Comment
woNroFeybdooG 25.95 10/30/2009 Underperform 5Y $20.69 +46.06% +190.80% +144.74 0 Comment
jroren 98.96 6/21/2010 Underperform 3M $16.60 +82.08% +173.27% +91.19 0 Comment
timelyvalue 97.86 8/10/2010 Underperform 5Y $14.78 +104.49% +175.93% +71.44 0 Comment
campwt00global 30.90 10/26/2011 Outperform 5Y $10.67 +183.31% +149.39% +33.92 0 Comment
nevercontent 80.58 5/21/2015 Underperform 5Y $26.65 +13.41% +44.75% +31.34 1 Comment
lucky4444 40.84 7/5/2013 Outperform 5Y $13.95 +116.57% +90.26% +26.31 0 Comment

Wall Street

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