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Video: What is a Stock Split?
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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. According to our ITG split history records, ITG has had 2 splits. | |
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ITG (ITG) has 2 splits in our ITG split history database. The first split for ITG took place on April 22, 1999. This was a 15955 for 10000
split, meaning for each 10000
shares of ITG owned pre-split, the shareholder now owned 15955 shares. For example, a 1000 share position pre-split, became a 1595.5 share position following the split. ITG's second split took place on December 10, 2001. This was a 3 for 2 split, meaning for each 2 shares of ITG owned pre-split, the shareholder now owned 3 shares. For example, a 1595.5 share position pre-split, became a 2393.25 share position following the split.
When a company such as ITG splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the ITG split history from start to finish, an original position size of 1000 shares would have turned into 2393.25 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ITG shares, starting with a $10,000 purchase of ITG, presented on a split-history-adjusted basis factoring in the complete ITG split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
02/28/2019 |
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Start price/share: |
$20.39 |
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End price/share: |
$30.23 |
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Starting shares: |
490.44 |
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Ending shares: |
517.76 |
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Dividends reinvested/share: |
$1.12 |
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Total return: |
56.52% |
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Average Annual Total Return: |
9.70% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$15,650.71 |
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Years: |
4.84 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
02/28/2019 |
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Start price/share: |
$20.39 |
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End price/share: |
$30.23 |
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Dividends collected/share: |
$1.12 |
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Total return: |
53.75% |
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Average Annual Total Return: |
9.30% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$15,376.52 |
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Years: |
4.84 |
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Date |
Ratio |
04/22/1999 | 15955 for 10000
| 12/10/2001 | 3 for 2 |
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