ITG Buyback
OLI recorded this information on 2/15/2018
Company:
ITG
Buyback:
ITG buyback
Share Amount Authorized:
4,400,000
Buyback Details:
ITG (NYSE:ITG) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.07 per share on the company's common stock. The dividend is payable on March 15, 2018, to stockholders of record at the close of business on February 27, 2018. The Board of Directors also authorized the repurchase of an additional 4 million shares, bringing the total number of shares currently available for repurchase to 4.4 million shares. As previously noted, ITG intends to continue share repurchases in an amount sufficient to offset all the dilution from share issuances on the vesting of employee stock awards during 2018. The timing and number of shares repurchased will be dependent on a variety of factors, including market and business conditions and competing needs for the use of capital.
Investment Technology Group is a financial technology company. Co. products and services: Execution Services, which includes liquidity matching through Co.'s Alternative Trading System, POSIT, self-directed trading by clients using algorithms and smart routing and, futures and options trading; Workflow Technology, which brings set of integrated execution and analytical tools to the user's desktop for global list-based and single-stock trading, as well as futures and options capabilities and integrated and supported financial services communications network; and Analytics, which include tools enabling portfolio managers and traders to improve pre-trade and real-time.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 44th percentile
(ranked lower than approx. 56% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
