Bokf Na Acquires 7,305 Shares of Virtu Financial, Inc. (NASDAQ:VIRT)

BOKF NA boosted its holdings in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 9,018.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,386 shares of the financial services provider's stock after purchasing an additional 7,305 shares during the period. BOKF NA's holdings in Virtu Financial were worth $256,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of Virtu Financial by 1.4% during the 4th quarter. Principal Financial Group Inc. now owns 391,548 shares of the financial services provider's stock valued at $13,970,000 after buying an additional 5,371 shares in the last quarter. Barclays PLC lifted its position in shares of Virtu Financial by 60.2% during the third quarter. Barclays PLC now owns 55,486 shares of the financial services provider's stock worth $1,691,000 after acquiring an additional 20,843 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Virtu Financial by 48.6% in the third quarter. JPMorgan Chase & Co. now owns 358,065 shares of the financial services provider's stock worth $10,907,000 after acquiring an additional 117,062 shares during the period. Wellington Management Group LLP purchased a new position in shares of Virtu Financial in the fourth quarter valued at $954,000. Finally, Moody Aldrich Partners LLC raised its stake in shares of Virtu Financial by 21.6% during the 4th quarter. Moody Aldrich Partners LLC now owns 310,751 shares of the financial services provider's stock valued at $11,088,000 after purchasing an additional 55,102 shares during the period. Institutional investors own 45.78% of the company's stock.

Virtu Financial Price Performance

VIRT traded down $0.17 during midday trading on Tuesday, hitting $42.36. The stock had a trading volume of 1,034,213 shares, compared to its average volume of 1,191,347. Virtu Financial, Inc. has a 1 year low of $21.55 and a 1 year high of $44.58. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 1.13. The business has a fifty day moving average of $38.01 and a 200 day moving average of $36.91. The company has a market cap of $6.53 billion, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 1.43 and a beta of 0.68.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $1.30 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.31. Virtu Financial had a net margin of 9.61% and a return on equity of 27.39%. The business had revenue of $497.14 million during the quarter, compared to the consensus estimate of $444.23 million. During the same period in the previous year, the firm posted $0.76 earnings per share. The firm's revenue for the quarter was up 30.3% on a year-over-year basis. As a group, equities analysts forecast that Virtu Financial, Inc. will post 3.13 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.96 dividend on an annualized basis and a yield of 2.27%. Virtu Financial's dividend payout ratio is currently 27.75%.

Insiders Place Their Bets

In other news, COO Brett Fairclough sold 72,967 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $36.84, for a total transaction of $2,688,104.28. Following the completion of the transaction, the chief operating officer now directly owns 90,749 shares of the company's stock, valued at approximately $3,343,193.16. This represents a 44.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas A. Cifu sold 177,561 shares of the stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $38.88, for a total transaction of $6,903,571.68. Following the sale, the chief executive officer now owns 231,306 shares of the company's stock, valued at approximately $8,993,177.28. This represents a 43.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 496,848 shares of company stock valued at $18,995,338 in the last quarter. Insiders own 47.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Virtu Financial from $37.00 to $39.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. Morgan Stanley upped their target price on shares of Virtu Financial from $26.00 to $28.00 and gave the stock an "underweight" rating in a report on Thursday, April 24th. UBS Group reissued a "neutral" rating and issued a $40.00 price target (up from $38.00) on shares of Virtu Financial in a report on Thursday, April 24th. Evercore ISI upped their price target on shares of Virtu Financial from $41.00 to $42.00 and gave the stock an "in-line" rating in a report on Thursday, April 24th. Finally, Bank of America dropped their price objective on Virtu Financial from $56.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Virtu Financial currently has an average rating of "Hold" and an average target price of $37.88.

Virtu Financial Profile

Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.