44 Wealth Management LLC bought a new stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 44,228 shares of the financial services provider's stock, valued at approximately $1,686,000.
Other institutional investors also recently made changes to their positions in the company. Wedge Capital Management L L P NC boosted its position in shares of Virtu Financial by 0.8% during the first quarter. Wedge Capital Management L L P NC now owns 33,397 shares of the financial services provider's stock worth $1,273,000 after buying an additional 281 shares during the period. Mariner LLC boosted its position in shares of Virtu Financial by 4.2% during the fourth quarter. Mariner LLC now owns 8,074 shares of the financial services provider's stock worth $288,000 after buying an additional 324 shares during the period. Cerity Partners LLC boosted its position in shares of Virtu Financial by 2.7% during the fourth quarter. Cerity Partners LLC now owns 14,826 shares of the financial services provider's stock worth $516,000 after buying an additional 392 shares during the period. Atlas Capital Advisors Inc. boosted its position in shares of Virtu Financial by 2.2% during the fourth quarter. Atlas Capital Advisors Inc. now owns 19,635 shares of the financial services provider's stock worth $701,000 after buying an additional 426 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in shares of Virtu Financial by 172.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 870 shares of the financial services provider's stock worth $31,000 after buying an additional 551 shares during the period. 45.78% of the stock is owned by institutional investors.
Virtu Financial Price Performance
VIRT traded up $0.06 during trading on Friday, reaching $44.51. The stock had a trading volume of 531,973 shares, compared to its average volume of 1,056,178. Virtu Financial, Inc. has a 1-year low of $21.59 and a 1-year high of $44.96. The stock has a 50 day moving average of $41.75 and a two-hundred day moving average of $38.67. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 1.14 and a beta of 0.70. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.11.
Virtu Financial (NASDAQ:VIRT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.31. Virtu Financial had a return on equity of 32.08% and a net margin of 10.43%. The company had revenue of $497.14 million during the quarter, compared to the consensus estimate of $444.23 million. During the same quarter in the prior year, the firm earned $0.76 EPS. The company's quarterly revenue was up 30.3% compared to the same quarter last year. As a group, equities analysts anticipate that Virtu Financial, Inc. will post 3.13 EPS for the current fiscal year.
Virtu Financial Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Friday, May 30th. Virtu Financial's dividend payout ratio (DPR) is currently 27.75%.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Virtu Financial from $37.00 to $39.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. Wall Street Zen downgraded Virtu Financial from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Evercore ISI boosted their price objective on Virtu Financial from $41.00 to $42.00 and gave the stock an "in-line" rating in a research report on Thursday, April 24th. Bank of America downgraded Virtu Financial from a "buy" rating to a "neutral" rating and set a $43.00 target price for the company. in a research report on Thursday, May 15th. Finally, Morgan Stanley upped their target price on Virtu Financial from $26.00 to $28.00 and gave the stock an "underweight" rating in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $37.25.
View Our Latest Stock Report on Virtu Financial
Insider Buying and Selling at Virtu Financial
In other Virtu Financial news, CEO Douglas A. Cifu sold 177,561 shares of the business's stock in a transaction on Monday, April 28th. The shares were sold at an average price of $38.88, for a total transaction of $6,903,571.68. Following the sale, the chief executive officer directly owned 231,306 shares of the company's stock, valued at $8,993,177.28. The trade was a 43.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Nixon sold 6,965 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $42.82, for a total transaction of $298,241.30. Following the sale, the director directly owned 33,923 shares in the company, valued at approximately $1,452,582.86. This trade represents a 17.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 362,846 shares of company stock worth $14,079,615. Company insiders own 47.20% of the company's stock.
About Virtu Financial
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Free Report)
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.
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