7,187 Shares in Virtu Financial, Inc. $VIRT Purchased by Petrus Trust Company LTA

Key Points

• Petrus Trust Company LTA recently acquired 7,187 shares of Virtu Financial, Inc. valued at approximately $274,000, as per their Form 13F filing with the SEC.
• Virtu Financial has announced a quarterly dividend of $0.24, payable on September 15th, marking a 2.5% annual yield.
• Analyst ratings for Virtu Financial are mixed, with one firm downgrading the stock from a "buy" to a "hold," while another set a target price increase from $40 to $45.

Petrus Trust Company LTA purchased a new position in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,187 shares of the financial services provider's stock, valued at approximately $274,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Virtu Financial by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 9,568,548 shares of the financial services provider's stock valued at $364,753,000 after acquiring an additional 165,396 shares in the last quarter. Invesco Ltd. grew its stake in Virtu Financial by 83.6% during the 1st quarter. Invesco Ltd. now owns 1,473,165 shares of the financial services provider's stock valued at $56,157,000 after acquiring an additional 670,774 shares in the last quarter. AQR Capital Management LLC grew its stake in Virtu Financial by 50.9% during the 1st quarter. AQR Capital Management LLC now owns 1,320,356 shares of the financial services provider's stock valued at $49,764,000 after acquiring an additional 445,586 shares in the last quarter. Allianz Asset Management GmbH grew its stake in Virtu Financial by 69.5% during the 1st quarter. Allianz Asset Management GmbH now owns 1,063,011 shares of the financial services provider's stock valued at $40,522,000 after acquiring an additional 435,958 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Virtu Financial by 11.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 930,110 shares of the financial services provider's stock valued at $35,856,000 after acquiring an additional 95,692 shares in the last quarter. Hedge funds and other institutional investors own 45.78% of the company's stock.

Insiders Place Their Bets

In related news, COO Brett Fairclough sold 90,701 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $42.40, for a total value of $3,845,722.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 47.20% of the company's stock.

Virtu Financial Trading Down 1.2%

Shares of NASDAQ VIRT opened at $38.44 on Tuesday. The stock has a market cap of $5.88 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 1.14 and a beta of 0.69. The business has a 50 day simple moving average of $42.83 and a 200 day simple moving average of $40.44. Virtu Financial, Inc. has a 52 week low of $29.82 and a 52 week high of $45.77. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.49.

Virtu Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, August 29th. Virtu Financial's payout ratio is 21.82%.

Analyst Upgrades and Downgrades

VIRT has been the topic of several research analyst reports. Wall Street Zen cut Virtu Financial from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. UBS Group reaffirmed a "neutral" rating and set a $45.00 target price (up previously from $40.00) on shares of Virtu Financial in a research note on Monday, August 4th. Piper Sandler boosted their price target on Virtu Financial from $44.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Morgan Stanley boosted their price target on Virtu Financial from $31.00 to $35.00 and gave the company an "underweight" rating in a research note on Tuesday, July 15th. Finally, Bank of America cut Virtu Financial from a "buy" rating to a "neutral" rating and set a $43.00 price target for the company. in a research note on Thursday, May 15th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Virtu Financial currently has an average rating of "Hold" and an average target price of $39.75.

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.

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