TrueMark Investments LLC Invests $281,000 in Virtu Financial, Inc. (NASDAQ:VIRT)

TrueMark Investments LLC bought a new stake in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,378 shares of the financial services provider's stock, valued at approximately $281,000.

A number of other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in shares of Virtu Financial by 172.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 870 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 551 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Virtu Financial in the 1st quarter valued at $32,000. SBI Securities Co. Ltd. acquired a new position in shares of Virtu Financial during the 4th quarter valued at $47,000. Principal Securities Inc. boosted its stake in Virtu Financial by 439.0% during the fourth quarter. Principal Securities Inc. now owns 2,361 shares of the financial services provider's stock worth $84,000 after acquiring an additional 1,923 shares in the last quarter. Finally, Huntington National Bank grew its holdings in Virtu Financial by 528.9% in the fourth quarter. Huntington National Bank now owns 3,182 shares of the financial services provider's stock worth $114,000 after purchasing an additional 2,676 shares during the period. Institutional investors own 45.78% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wall Street Zen cut shares of Virtu Financial from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Evercore ISI increased their price target on Virtu Financial from $41.00 to $42.00 and gave the stock an "in-line" rating in a report on Thursday, April 24th. Morgan Stanley boosted their price objective on Virtu Financial from $26.00 to $28.00 and gave the company an "underweight" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. increased their target price on Virtu Financial from $37.00 to $39.00 and gave the stock a "neutral" rating in a report on Thursday, April 24th. Finally, Bank of America downgraded shares of Virtu Financial from a "buy" rating to a "neutral" rating and set a $43.00 price objective on the stock. in a report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $37.25.

Insiders Place Their Bets

In related news, Director John Nixon sold 6,965 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $42.82, for a total value of $298,241.30. Following the sale, the director now directly owns 33,923 shares in the company, valued at approximately $1,452,582.86. The trade was a 17.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas A. Cifu sold 178,320 shares of the business's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $38.57, for a total transaction of $6,877,802.40. Following the completion of the sale, the chief executive officer now directly owns 408,867 shares in the company, valued at approximately $15,770,000.19. This trade represents a 30.37% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 362,846 shares of company stock valued at $14,079,615. Company insiders own 47.20% of the company's stock.

Virtu Financial Stock Up 1.2%

VIRT stock traded up $0.50 during trading on Tuesday, reaching $42.91. The stock had a trading volume of 706,849 shares, compared to its average volume of 1,071,911. Virtu Financial, Inc. has a one year low of $21.59 and a one year high of $44.58. The company's 50 day moving average is $40.82 and its two-hundred day moving average is $38.23. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $6.62 billion, a price-to-earnings ratio of 12.40, a P/E/G ratio of 1.14 and a beta of 0.68.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $1.30 EPS for the quarter, topping 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 business had revenue of $497.14 million for the quarter, compared to analyst estimates of $444.23 million. During the same period last year, the company posted $0.76 earnings per share. Virtu Financial's quarterly revenue was up 30.3% compared to the same quarter last year. Equities research analysts forecast that Virtu Financial, Inc. will post 3.13 EPS for the current year.

Virtu Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, May 30th. This represents a $0.96 dividend on an annualized basis and a yield of 2.24%. Virtu Financial's dividend payout ratio (DPR) is presently 27.75%.

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.